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Panasas Positioned as a Visionary in Leading Industry Firm's Magic Quadrant for Midrange and High-End NAS Solutions

Evaluation Based on Ability to Execute and Completeness of Vision

FREMONT, Calif. – March 25, 2010Panasas®, Inc., the leading provider of high-performance scale-out NAS storage solutions, today announced it has been positioned by Gartner, Inc. in the Visionaries quadrant of the 2010 Magic Quadrant for Midrange and High-End NAS report.1

"We believe Panasas' position in the Visionaries quadrant by Gartner reflects our ability to provide scale-out NAS solutions to customers who need high-performance storage solutions that are easy to implement and manage," said Randy Strahan, CEO of Panasas. "Our customer growth in markets beyond traditional HPC environments has provided valuable insight into buyer's wants and needs and will enable us to incorporate new high-performance capabilities into our products."

The report, authored by Pushan Rinnen, Robert Passmore and Roger Cox at Gartner, evaluated 12 vendors that met the market definition and passed the inclusion/exclusion criteria for midrange and high-end NAS solutions. Panasas had to meet all the following criteria for its inclusion in the report:

  • Support a scale-up or scale-out architecture
  • Offer NFS and/or CIFS as standard client data and/or metadata access protocols
  • Provide primary file system storage, instead of storage that narrowly targets backup or archive data
  • Have an average selling price of $25,000 or more
  • Generate annual revenue of $5 million or more
  • Have global presence in two or more large geographic markets
  • Market recognition, market share and revenue data
  • Client interest, as measured by the level of client inquiry received on a vendor's products, and other client feedback
  • Use of unique, unusual or interesting technology

About the Magic Quadrant

The Magic Quadrant is copyrighted March 15, 2010 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Panasas

Panasas, Inc., the leader in high-performance scale-out NAS storage solutions, enables enterprise customers to rapidly solve complex computing problems, speed innovation and bring new products to market faster. All Panasas solutions leverage the patented PanFS™ storage operating system to deliver exceptional performance, scalability and manageability. Panasas systems are optimized for demanding storage environments in the energy, government, finance, manufacturing, bioscience and higher education industries. For more information, visit www.panasas.com.

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Panasas, Inc. Media Contact
Angela Griffo
Trainer Communications
panasas@trainercomm.com
(949) 842-7695

1 Gartner "Magic Quadrant for Midrange and High-End NAS Solutions" by Pushan Rinnen, Robert Passmore, and Roger Cox, March 15, 2010.