SANTA CLARA, California - January 22, 2001 — Hitachi
Data Systems, a wholly owned subsidiary of Hitachi, Ltd. (NYSE:HIT) and
a leading provider of business solutions for the world's most
information-intensive corporations, today announced it has made an
investment in and formed a strategic relationship with Sanrise Group,
Inc., together with its subsidiary sanrise™, a privately-held company
providing global storage solutions. The investment in sanrise is part of
Hitachi Data System's strategy to be the leading storage provider in
the Storage Service Provider (SSP) arena.
As part of its ongoing mission to provide the most advanced storage
solutions in the industry, Hitachi Data Systems' cash investment in
sanrise, and sanrise's commitment to make Hitachi Data Systems its
primary storage provider, allows both companies to expand their growth
in the managed SSP market.
"sanrise has demonstrated to us that it has the technology advantage,
coupled with a strategic business model to make it a market leader in
the increasingly competitive managed storage industry," says Dave
Roberson, COO, Hitachi Data Systems. "We are confident our investment
marks the beginning of a growing partnership in the provision of
leading-edge, world-class storage solutions."
"sanrise is at the forefront of data management technology," said
David Schneider, sanrise president and CEO. "Choosing the Hitachi
Freedom Storage™ Lightning 9900™ as our primary storage system gives us
the most advanced storage technology for our market-leading, 100 percent
fiber optic SAN solution. This allows us to deliver the ultimate in
data storage performance for the global enterprise marketplace."
For more information send inquiries to pr@sanrise.com or go to www.sanrise.com.
Committed to helping customers exploit the value of information
technology for success in the Internet economy, Hitachi Data Systems, a
wholly-owned subsidiary of Hitachi, Ltd. (NYSE: HIT), is a leading
provider of business solutions for the world's most
information-intensive corporations. For further information on Hitachi
Data Systems, access www.hds.com.
Hitachi, Ltd., headquartered in Tokyo, Japan, is one of the world's
leading global electronics companies, with fiscal 1999 (ended March 31,
2000) consolidated sales of 8,001 billion yen ($75.5 billion). The
company manufactures and markets a wide range of products, including
computers, semiconductors, consumer products and power and industrial
equipment. For more information on Hitachi, Ltd., please visit Hitachi's
Web site at http://www.hitachi.co.jp.
1 At an exchange rate of 106 yen to the dollar.
Contacts: PR
Hitachi Data Systems is registered with the U.S.
Patent and Trademark Office as a trademark and service mark
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