11/18/2005 - Xiotech Corporation announced that it plans to strengthen its Indian operations by adding new engineers and grow by 50% by the end of 2005. Xiotech India Design Center is a niche and strategic center for Xiotech Corporation. The center located in Hyderabad has grown to the extent of contributing revenue to Xiotech Global Operations as it has taken the responsibility of releasing products/product releases independently. Xiotech India has recently released 4.1 and 4.2 of the Magnitude product family of Xiotech and is working on new technologies for its next generation products.
Xiotech makes information storage easy to manage. In the last ten years more than 1,500 midsized businesses have taken advantage of Xiotech's easy-to-use and highly resilient storage management solutionsXiotech India began its operations in 2003 by Xiotech Corporation for its product development and testing activities in the area of Storage Area Network solutions. Xiotech has invested over 3 million dollars in putting up equipments for the product development and testing facilities.
"Xiotech facility in Hyderabad provides an excellent opportunity to raise the profile of Xiotech in India and meet the objectives of positioning the company becoming an aggressive employer of "Indian Talent" and highlighting the Xiotech business focus and its strategies across the globe with specific reference to Research and Development of highly resilient storage management solutions from its design center in India," said Casey Powell, President and CEO, Xiotech Corporation.
Xiotech currently employs over 40 very highly skilled and experienced product developers and testers from leading market players which will grow to 80 by the end of 2005. In its 15000 sq.ft facility at Vanenburg IT Park Hi-Tech City. Xiotech has invested over a million dollars, which includes a state-of-art infrastructure in line with the US facility, such as Cisco closed user group on IP Telephony, Multi Video conferencing etc.
Xiotech makes information storage easy to manage. In the last ten years more than 1,500 midsized businesses have taken advantage of Xiotech's easy-to-use and highly resilient storage management solutions. The company's products include Magnitude 3D 3000, Magnitude 3D 3000e, and the TimeScale replication appliance. Current customers include Merrill Lynch, Bechtel, Lucent, Hibernia Bank, and St. Vincent Hospital. Xiotech also partners with industry leaders such as Brocade, Cisco, McDATA, Microsoft, and Novell. In 2004 Xiotech achieved record 25% revenue growth, and was named the fastest growing technology company in Minnesota by Deloitte & Touche in 2003. Xiotech is based in Eden Prairie, Minn.
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