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Nexsan Wins Red Herring North American 100 Award

Based on Pioneering Hybrid Storage (May 24, 2012)

THOUSAND OAKS, CA -- (Marketwire) -- 05/24/12 -- Nexsan®, a leading independent provider of data storage systems, today announced that the company has received Red Herring's North American 100 award for pioneering efforts in Hybrid Storage. The North American 100 recognizes the most promising privately held companies in North America for the innovations, technologies and business models they are utilizing to become leaders in their respective industries.

Red Herring's North American 100 list has become a mark of distinction for identifying promising companies and entrepreneurs. Red Herring editors were among the first to recognize that companies such as Google, Skype, Netscape, Salesforce.com, YouTube, eBay and many others would change the way we live and work.

"Choosing the companies with the strongest potential was by no means a small feat," said Alex Vieux, publisher and CEO of Red Herring. "After rigorous contemplation and discussion, we narrowed our list down from hundreds of candidates from across North America to the Top 100 Winners. We believe Nexsan embodies the vision, drive and innovation that define a successful entrepreneurial venture. Nexsan should be proud of its accomplishment, as the competition was very strong."

Red Herring's editorial staff evaluated the companies on both quantitative and qualitative criteria, such as financial performance, technology innovation, management quality, strategy, and market penetration. This assessment of potential is complemented by a review of the track record and standing of startups relative to their sector peers, allowing Red Herring to see past the "buzz" and make the list a valuable instrument of discovery and advocacy for the most promising new business models in the Americas.

Nexsan presented its winning Hybrid Storage business strategy at the Red Herring North American forum in Los Angeles on May 23, 2012. The company was included in the list of Top 100 winners and lauded at a special awards ceremony during the event.

Solid-state storage is one of the fastest growing areas in information technology and is driving real change in the way IT professionals architect their computing environments. Nexsan's NST5000 Hybrid Storage systems use FASTier™ acceleration software to intelligently meld solid-state memory with both SAS and SATA spinning disks to provide the IOPs performance of solid-state but at a faction of the cost, and support both block mode and file mode access.

According to Philip Black, CEO of Nexsan, "We are delighted to be recognized by Red Herring for our work on Hybrid Storage. The Red Herring team selected an extremely high caliber of companies in its group of finalists, and it's an honor to have won this award."

For more information about Nexsan unified storage systems, please visit: www.nexsan.com.

For more information about the 2012 Red Herring North American 100 Awards, please visit: http://www.redherring.com.

About Nexsan
Nexsan® is a leading provider of innovative data storage systems with over 10,000 customers worldwide. Nexsan's pioneering Hybrid Storage systems combine solid-state technologies, disk storage and advanced software to deliver radically new levels of performance and capacity at lower cost. The company's advanced technologies enable organizations to optimize traditional, virtual and cloud computing environments for increased productivity and business agility. With more than 28,000 systems deployed since 1999, the company delivers its data storage systems through a worldwide network of solution providers, VARs and system integrators. Nexsan is based in Thousand Oaks, Calif. For more information, visit www.nexsan.com.

For more information about Nexsan's products and solutions, visit www.nexsan.com

Nexsan is a registered trademark of Nexsan Corporation. All other product or company names mentioned herein are trademarks or registered trademarks of their respective owners.

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