Crossroads Files Patent Infringement Suit Against Oracle
AUSTIN, TX -- (Marketwired) -- 10/07/13 -- Crossroads Systems, Inc.
(NASDAQ: CRDS), a global provider of data archive solutions, filed a
complaint against Oracle Corporation in the federal district court in
Austin, Texas, alleging infringement of U.S. Patents 6,425,035;
7,051,147; and 7,934,041. Crossroads seeks monetary damages and an
injunction. Crossroads asserts that Oracle has incorporated
Crossroads' patented technology into Oracle's storage systems,
including its Pillar Axiom 300 and 600 systems, Sun Storage 2540-M2
Array, Solaris system, and Sun ZFS storage appliances.
The asserted patents cover technology that is fundamental to secure
and efficient access to network storage systems. The asserted patents
are part of Crossroads' '972 Patent Family. Since 2001, Crossroads
has licensed the '972 Patent Family to more than 40 companies and
received in excess of $60 million in license and settlement revenue.
"The success of our licensing program shows that the industry
recognizes the value of our '972 Patent Family," noted Richard K.
Coleman, Jr., Interim President and CEO at Crossroads Systems.
"Crossroads invested millions of dollars in developing and protecting
the technology covered by our patents and we are committed to
pursuing those remaining companies, like Oracle, who continue to use
our patented technology without a license."
About Crossroads Systems
Crossroads Systems, Inc. (NASDAQ: CRDS) is
a global provider of data archive solutions. Through the innovative
use of new technologies, Crossroads delivers customer-driven
solutions that enable proactive data security, advanced data
archiving, optimized performance and significant cost-savings.
Founded in 1996 and headquartered in Austin, TX, Crossroads holds
more than 100 patents and has been honored with numerous industry
awards for data archiving, storage and protection. Visit
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Forward-looking statements include, but are not limited to,
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results to be materially different from those described herein.
Forward-looking statements in this press release are based on
management's beliefs and opinions at the time the statements are
made. Crossroads Systems does not intend, and undertakes no duty, to
update this information to reflect future events or circumstances.
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Copyright2013 Crossroads Systems, Inc. Crossroads and Crossroads
Systems are registered trademarks of Crossroads Systems, Inc. All
trademarks are the property of their respective owners. All
specifications are subject to change without notice.
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Zintel Public Relations
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