Atrato Eliminates Barriers to Massive Content and Data Delivery for Digital Entertainment
Tue Feb 12, 2008
Atrato Eliminates Barriers to Massive Content and Data Delivery for Digital Entertainment and High Performance Computing
New Company Backed by Industry Icons and $18M in Funding will
Unlock Applications and Revenue via Breakthrough Storage and I/O
Capabilities
DENVER
Atrato, Inc (www.atrato-Inc.com) today announced the official
launch of the company and initial details of their breakthrough technology, a high-performance storage platform that is designed to eliminate the barriers to high-speed / high-volume data access,unlocking revenue and opportunities for a range of applications and
industries.
Atrato also announced its $18 million in initial funding and
strong lineup of backers, including influential industry leaders whoserve as investors and advisors:
-- Jesse Aweida, Aweida Venture Partners, founder and former
president / CEO of StorageTek
-- Tom Porter, formerly CTO, Seagate and IBM storage executive
-- Gary Gentry, SVP Maxtor, Seagate
-- Dick Blaschke, an IBM and EMC veteran
"While the storage industry has spent billions on R&D, creating
highly dense and scalable systems, there has been little progress in
the development of high-performance storage platforms to keep up with
the increasing demands of digital content and data on-demand," said
Jesse Aweida, general partner of Aweida Venture Partners and founder
of StorageTek. "The I/O bottleneck between storage and servers is the
final remaining obstacle to unlocking a world of revenue,
applications, and end user fulfillment. Atrato's distinctive ability
and technology know-how will change the traditional mindset of storage
by providing the highest performance storage platform in a secure
environment."
Atrato assembled an impressive management team led by president
and CEO Dan McCormick, formerly an executive with Xiotech and Seagate;
and joined by Jonathan Hall, founder, and also formerly an executive
with Xiotech and Seagate; executive vice president Steve Visconti,
formerly with Cisco Systems, Airespace and Ascend; and COO Perry
Nelson, formerly with New Global Telecom, Avolent/Solant and American
Management Systems.
"Atrato has the right team and technology to provide new
opportunities for companies by eliminating barriers to content and
data access," said Tom Porter, former Seagate CTO and IBM storage
executive. "While scalable storage needs have, for the most part, been
addressed, the ability to access that content and data on-demand has
remained difficult and expensive until now."
"Instant access to infinite data is the new mantra of storage,"
said Dan McCormick, president / CEO, Atrato. "It might sound like a
cute tag line, but we really are trying to get people to think beyond
the limitations they have become accustomed to. Our platform will help
users in a range of industries to go beyond these limitations and
achieve new, previously impractical or impossible capabilities."
The company is fully operational, with beta product and initial
customers in place. Atrato will share additional details about
customers and product in the coming months.
About Atrato
Based in Westminster, Colorado, Atrato Inc.'s (www.atrato-Inc.com)
mission is to help companies in entertainment, the Web, IPTV, HPC and
VOD open up infinite new worlds of content for customers by offering
them high-speed, high volume data access. Atrato's high-density
storage system with integrated data acceleration does nothing less
than change the economics of high-speed/high-volume I/O processing.
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