43% Increase in Revenue Over 2007 for Coraid

CORAID, Inc., maker of EtherDrive SAN, ended its 2008 fiscal year with strong earnings on a 43% increase in revenue over 2007, despite the weak economy. CORAID has experienced four consecutive years of exceptional profitability and growth. Headquartered in San Clemente, CORAID expanded its development facility in Athens, GA and opened a new operations facility in Cumming, GA.

"Enterprises are demanding an affordably fast SAN that leverages the latest in virtualization technologies and scales to meet the demands of today’s IT organizations facing the very costly management of server sprawl, whether in robust or difficult economic times," said James Kemp, CEO of CORAID. "Our customers are successfully extending the significant business benefits of virtualization even further with EtherDrive’s lower capital and operating expenses. Our SAN solutions are not only highly scalable, but empower customers to streamline consolidation and efficiency at the same time. CORAID’s extraordinary growth is clear evidence that customers see the value and positive ROI of our products."

Shipping EtherDrive SAN solutions since 2004, privately held CORAID has thousands of satisfied customers spanning a broad spectrum of the market including enterprise, government, educational institutions, and large hosting providers.

CORAID’s EtherDrive family of products provides affordably fast SAN solutions based on the open ATA-over-Ethernet (AoE) lightweight storage area network protocol. AoE, an elegantly simple protocol, leverages the advantages of Ethernet to transport ATA disk commands without the burden of TCP/IP overhead. EtherDrive SAN solutions deliver affordably fast SAN solutions that are simple to understand and easy to use.