Crossroads Appoints Industry Leaders to Strategic Advisory Board New Advisory Board to Provide Unparalleled Industry Expertise to Enhance Crossroads Corporate and Product Development Strategies Monday, February 13, 2006 - Austin, TX AUSTIN, Texas—Feb. 13, 2006—Crossroads Systems, Inc., a leading provider of Business Information Assurance (BIA) solutions for guaranteed access, resiliency and security of enterprise information, today announced the formation of its Strategic Advisory Board and its initial five members. Crossroads’ Strategic Advisory Board is comprised of business and technology leaders that bring in-depth industry expertise and knowledge to the company. The group will provide Crossroads with critical insight, which will help shape business and product developments. “Despite industry efforts to mitigate risk and increase information security, devastating security incidents continue to surface” said Rob Sims, CEO, president and chairman for Crossroads, Inc. “The need for comprehensive safeguards that address critical data management issues are obvious. By leveraging the expertise and insight of accomplished business leaders, Crossroads is better equipped to provide solutions that ensure the continuous access, integrity and security of enterprise information.” Crossroads’ Strategic Advisory Board will help the company meet emerging customer requirements across all of its products lines—storage routing devices, AssurStor and StrongBox™ SecureDB™. “Crossroads customers have expressed the need for storage routing offerings that meet evolving storage management requirements for simpler, more centralized and cost-effective enterprise security and business continuity solutions,” said David Boles, Chief Technology Officer at Crossroads. “By tapping into the expertise of its Strategic Advisory Board, Crossroads will gain insight from industry leaders about additional market requirements as well as advice on how to best develop and deploy solutions to customers." The initial focus for the Strategic Advisory Board will be business information assurance topics including information security, data privacy, business continuity, disaster recovery, corporate governance and regulatory compliance. “Crossroads is a remarkable Texas-based high-tech company that has been delivering leading industry solutions for 10 years. Crossroads is known worldwide to deliver enterprise-class, high-performance and high-reliability products. Given the excellence of its product offerings and engineering team, Crossroads is positioned to expand its solutions to meet customers´ needs for a robust, yet cost-effective suite of Business Information Assurance solutions. When I served as Texas´ CIO, one of my guiding principles was that IT resources be resilient, but plan for failure. Crossroads and I share a common vision for protecting the enterprise, especially its critical information. I´m pleased to join Crossroads Strategic Advisory Board and am convinced our collaborative efforts will result in more robust products for information assurance," Carolyn Purcell, executive consultant with the Internet Business solutions Group, Public Sector at Cisco and former CIO for the state of Texas. “At the Department of Defense, I understood that ensuring access and securing critical business information was key to corporate and governmental business viability. Simple, yet robust solutions to the increasing emergence of security challenges must be included in all information systems. I applaud Crossroads and their Business Information Assurance initiatives, and I look forward to contributing to their success as a member of their Strategic Advisory Board,” said John Stenbit, former CIO at the US Department of Defense, Pentagon.
Members of Crossroads Strategic Advisory Board include:
Ann Cohen – Cohen is an executive business consultant with more than 25 years of experience. During her tenure at EDS, she served as the Vice President of several business units, generating in excess of $4B. Cohen was named to the "Federal 100,” which honors the top information technology executives from government and industry. She was the acting Executive Director of United States-Israel Science and Technology Commission. She is now the CEO of Ann Cohen & Associates and Philanthropic Solutions. Andrew Heller – Heller brings more than 30 years of leadership to the Strategic Advisory Board. He was a member of the IBM Executive Committee on Technology and the Executive Technical Review Board. He was a consulting partner for renowned venture capital firm, Kleiner, Perkins, Caulfield and Byers. Heller was also Chairman and CEO of HAL Computer Systems, Chairman of Smart Technologies and Chairman and CEO of Clearcube. He currently runs the consulting firm of Heller Associates and is acting CEO of NexQl, Inc. Rhonda MacLean – MacLean is an information security leader who was the CISO for Bank of America and responsible for information security at The Boeing Company. In 2002, MacLean was appointed as the chairperson of the Financial Services Sector Coordinating Council for Critical Infrastructure Protection and Homeland Security by the Secretary of Treasury. Additionally, in December 2003, she was named as one of the 50 most powerful people in the network industry by Network World Magazine. MacLean is now the CEO of MacLean Risk Partners, LLC, and is Distinguished Senior Fellow at Carnegie Mellon’s CyLab. Carolyn Purcell – Purcell is an executive consultant with the Internet Business solutions Group, Public Sector at Cisco. In 2000, Purcell was named among "The Most Powerful Texans in High Tech" by Texas Monthly biz and served nine years as the CIO for the state of Texas where she was responsible for information security across the enterprise. Carolyn Purcell is now the Founder and CEO of Purcell Ventures. John Stenbit - Stenbit is an information assurance executive and veteran. During his career, he was as the Assistant Secretary of Defense (C3I, Command, Control, Communications and Intelligence) and as the Chief Information Officer at the US Department of Defense, Pentagon. Additionally, Stenbit represented the United States at NATO on issues relating to communications and Information Assurance.
About Crossroads Systems, Inc.
With headquarters in Austin, Texas, Crossroads Systems is a leading provider of Business Information Assurance solutions. Crossroads solutions serve the growing data storage, business continuity, disaster recovery, information security and business information assurance markets and are designed to help companies store, manage and ensure the security, resiliency and accessibility of their data. Crossroads products are in solutions from companies such as EMC, HP, Quantum and SUN, and are distributed through partners such as ACAL, Bell Micro, Info-X, and Promark. Crossroads (CRDS.PK) is currently traded on the Over The Counter (“OTC”) Bulletin Board. Crossroads is a member of the Storage Networking Industry Association (SNIA). For more information about Crossroads Systems, please visit www.crossroads.com or call 800-BUY-CRDS / 800.643.7148.
Forward-Looking Statements
This release may include forward-looking statements. The words “believe,” “expect,” “intend,” “plan,” “project,” “will” and similar phrases as they relate to Crossroads are intended to identify such forward-looking statements. These statements reflect the current views and assumptions of Crossroads, and are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. ###
© 2006 Crossroads Systems, Inc. Crossroads and Crossroads Systems are registered trademarks of Crossroads Systems, Inc. SecurDB and SPIE are trademarks of Crossroads Systems, Inc. All specifications are subject to change without notice.
More information about Crossroads Systems, Inc is available in our Company or Investor Relations sections. For further information regarding this press article please contact: Steve Cummings
Crossroads Systems, Inc.
512 928 7518
scummings@crossroads.com
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