StorageTek Signs Global OEM Agreement with Front Porch Digital
December 11 2003 - 4:00AM
PR Newswire (US)
StorageTek Signs Global OEM Agreement with Front Porch Digital
Front Porch Estimates Deal Value at $1 Million NEW YORK, Dec. 11
/PRNewswire-FirstCall/ -- Front Porch Digital Inc. (BULLETIN BOARD:
FPDI) today announced that StorageTek(R) (Storage Technology
Corporation, NYSE: STK) has signed a global OEM agreement to
provide StorageTek with a worldwide license to market and sell
DIVArchive software. In addition, StorageTek is now authorized to
provide customer support, professional services, implementation
services, and product updates in connection with the DIVArchive
software for its customers worldwide. Ideally suited for managing
complex storage workflow requirements for broadcast applications,
DIVArchive software is reliable, flexible and accessible in all
complete broadcast solutions. Simply, DIVArchive provides a
state-of-the-art, end-to-end tapeless archive system which results
in clients' increase in ROI and reduction in capital and
operational expenditure. "Over the past four years, Front Porch and
StorageTek have proven to be a winning team in the broadcast
market," said Front Porch CEO Mike Knaisch. "Though DIVArchive
works with all the major storage solution providers, more than half
of our 60 worldwide installations are operating on a StorageTek
platform. This agreement allows us to build on our past success,
extend the global reach of our sales and marketing efforts, and
strengthen our ability to compete and win in every region around
the globe." "StorageTek is committed to providing best-of-breed
technology in the archive management realm, so DIVArchive fits well
with our offerings," said Roger Good, director of global services
at StorageTek. "Front Porch is a leading provider of archive
solutions to the broadcast market in Europe and Asia, and we are
putting the necessary resources behind this relationship to
strengthen their position and ours in every market StorageTek
serves." About Front Porch Digital: Front Porch Digital Inc.
(http://www.fpdigital.com/) is transforming the digital world by
developing unique software and services that convert audio, video,
images, text and data into digital formats that enable searching,
browsing, editing, storage and on-demand delivery of content in
nearly any other digital format through a single capture. They are
the number one provider of archive management software in Europe
and Asia. Front Porch Digital Forward-Looking Statements: This news
release contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995, which reflect
Front Porch Digital's current views with respect to future events
and financial performance. Such statements are subject to certain
risks and uncertainties that could cause actual events or results
to differ materially from those indicated from such forward-looking
statements. The potential risk factors include Front Porch
Digital's limited operating history and experience in the data and
video digital conversion business, Front Porch Digital's ability to
attract significant additional financing and incur operational
losses and negative cash flow, and risks associated with expansion.
Additional risk factors are set forth in Front Porch Digital's
reports and documents filed with the Securities and Exchange
Commission. DATASOURCE: Front Porch Digital Inc. CONTACT: Mike
Knaisch of Front Porch Digital, +1-303-938-1504, ; or Allison
Withers of Wilkin Guge Marketing, +1-909-625-2225, for Front Porch
Digital
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