Honored for its Significant Contributions to the Enterprise Storage Market
SANTA CLARA, California, December 12, 2001 — Hitachi Data Systems, a wholly-owned subsidiary of Hitachi, Ltd. (NYSE: HIT), today announced that it has been chosen by CMP Media's Intelligent Enterprise Magazine as a "Company to Watch" in 2002. Hitachi Data Systems was selected to receive this award for its significant contributions to the development of intelligent enterprises, through its line of advanced enterprise storage systems and software, technology leadership, customer innovation and satisfaction, and sheer influence on IT infrastructure.
"Strategic business applications that help customers use information more effectively than competitors don't exist in a vacuum," said Justin Kestelyn, editor-in-chief of Intelligent Enterprise. "Rather, they rely heavily on tools, platforms, and storage management systems that ensure scalability, availability, and performance. Hitachi Data Systems products are increasingly important ingredients in that process, so it's a Company to Watch in 2002."
Hitachi Data Systems was selected for its excellence in meeting the most critical demands of businesses, and for creating competitive advantage by gathering, analyzing, sharing, and acting upon customer-driven requirements. According to CMP Media, IT and business leaders will increasingly rely on these leading IT providers next year to make their organizations smarter, faster, and more profitable through the development of data-rich, value-generating IT solutions.
"Hitachi Data Systems has significantly outpaced the market to gain material market share over the past year, due to strong execution and a tight focus on the needs of enterprise storage customers," said Shebly Seyrafi, enterprise storage analyst at securities firm A.G. Edwards. "The company's new HiCommand™ software increases the user-friendliness of its storage solution, and HDS is making meaningful progress to participate in more open SAN solutions than its key competitors."
According to a recent A.G. Edwards report "HDS-Menacing EMC's Business Model ," December 3, 2001, Hitachi Data Systems continued to increase the competitive heat on EMC and IBM in the third quarter of 2001. The report noted that the Hitachi Group now has four major channels of distribution (HDS direct, Hewlett-Packard, Sun, and indirect), and has doubled its marketshare in the high-end RAID marketplace to 32.3% from 16.1% since January, 2000. Additionally, the report notes that Hitachi's terabyte shipments more than doubled during the six-month period ending in September, 2001.
A recent report from IDC points out that the Hitachi Group grew its UNIX-storage revenue by 50.5% in 2001, vs. declines from each of the other major players, and its NT-storage revenue by 80%, also vs. declines from other major competitors.
"We're deeply honored by this award from CMP Media's Intelligent Enterprise, and gratified that our industry-leading technology and products continue to be recognized for their impact on the marketplace," said Dave Roberson, COO, Hitachi Data Systems. "We plan to continue helping our customers become even more 'intelligent' as we pursue our goal of becoming the world's number one provider of enterprise storage systems and software by 2004."
Hitachi Data Systems is a leading supplier of storage hardware, software, solutions and services. As a wholly owned subsidiary of Hitachi, Ltd. (NYSE: HIT), Japan's largest electronics company, HDS is committed to providing the technological infrastructure for the world's most information-intensive corporations. With 2,600 employees, Hitachi Data Systems does business in the public and private sectors in 170 countries and regions on six continents, including the rapidly emerging economies in Southeast Asia and Eastern Europe. Its customers include more than 50 percent of Fortune 100 companies, and all of the major Storage Service Providers (SSPs). For more information, please visit the HDS Web site at www.hds.com.
Hitachi, Ltd., headquartered in Tokyo, Japan, is one of the world's leading global electronics companies, with fiscal 2000 (ended March 31, 2001) consolidated sales of 8,417 billion yen ($67.9 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 www.hitachi.com.
Jodi Reinman, Hitachi Data Systems, (408) 970.1050, firstname.lastname@example.org
¹ At an exchange rate of 124 yen to the dollar.
Hitachi Data Systems is registered with the U.S. Patent and Trademark Office as a trademark and service mark of Hitachi, Ltd. Freedom Storage and Thunder 9200 are trademarks of Hitachi Data Systems.