Panasas Adds Facility, Expands

FREMONT, Calif. -- Panasas, Inc. the leader in parallel clustered storage solutions for the High Performance Computing(HPC) market, announced today it has achieved record revenue growth of 105 percent during the past 12 months, will open its third research and development (R&D) facility and will also expand its presence in Asia. The company's growth and expansion has been fueled by significant increases in the adoption of its parallel storage solutions by commercial customers, particularly in the energy and manufacturing markets.

Parallel storage solutions from Panasas enable organizations undertaking complex computer modeling, simulation and other storage-intensive tasks to more rapidly accelerate their time to results. The parallel I/O data access approach driven by Panasas is responsible for the company's increase in revenue and the increasingly broad array of new customers; strong indicators that the market is gravitating to parallel architecture as the future standard for clustered storage.

As a result of this growth, Panasas has added a third research and development (R&D) facility based in Minneapolis, Minn. to further drive technology advances in Panasas Parallel Storage Clusters, which are powered by the Panasas ActiveScale(R) Operating Environment. The new facility, together with R&D centers in Fremont, Calif. and Pittsburgh, Pa., will help the company's growing worldwide customer base address the performance, scalability, and reliability needed for petabyte-scale storage attached to Linux clusters. Panasas will also add new sales and support facilities in Asia, initially in China and Japan, as a result of recent successful commercial, government and academic deployments in that region.

"Our proven parallel clustered storage technology continues to gain widespread global acceptance with users of very demanding applications,"said Victor Perez, president and CEO at Panasas. "The new R&D center, located in an area known for having software engineers with file system expertise, and global sales expansion, are important steps in further cementing Panasas as the leading parallel storage solution provider for Linux-based HPC data centers."

Panasas Inc.