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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