SOURCE: TeraCloud

March 23, 2007 09:00 ET

TeraCloud Introduces First Pay-per-Use Subscription Pricing Package for Fortune 2000 and Mid-Market Storage Management Customers

Hybrid Subscription, Utility-Based Pricing; Low Risk and Easy-to-Use; Pay Only for What You Use; Offers Budget Flexibility to Get Out of Manual Environment

SEATTLE, WA -- (MARKET WIRE) -- March 23, 2007 -- TeraCloud Corporation, which continues to define the storage analytics market serving global Fortune 2000 and mid-market businesses, and one of four "Cool Venders" in "Cool Vendors in Storage Management, 2007" by Gartner, Inc., today introduced the first, breakthrough pay-as-you-go pricing model that addresses the market need for low-risk storage resource management (SRM) and capacity utilization tools.

"TeraCloud continues its market-defining innovation with the development of a first-of-its-kind pricing model that goes beyond meeting the ongoing, critical needs faced by Fortune 2000 and mid-market companies -- the pressure to achieve smart storage utilization and capacity planning under capital spending constraints," said TeraCloud CEO Gary Tidd. "TeraCloud offers the most flexible, insightful and cost-effective storage planning tools for large and mid-market businesses."

Effective March 22, TeraCloud offers free and pay-as-you-go pricing packages.

Also introduced March 22, TSF Express is a free SRM tool providing enterprise-level storage management for Solaris, Linux, Windows and AIX. TSF Express provides daily collection of adhoc reporting capabilities. Its intuitive Java interface enables detailed management, quick summarization and graphical viewing directly from the management console, so organizations may identify problems and make quick adjustments.

"Without breaking either the bank or the backs of the individuals tasked with implementing it, companies can affordably and easily implement TeraCloud's TSF Lite to collect data on their current storage environment," wrote Jerome M. Wendt, president and lead analyst, Datacenter Infrastructure Resource Group, Inc. in the report Providing Predictability to Uncontrolled Storage Growth.

TSF Light is the only product to provide mid-market companies with a powerful, enterprise-level and cost-effective tool for predictable storage management. It offers the market's first and only hybrid subscription, utility-based pay-as-you-use pricing. The charge is $395 per month only in the months you use it for up to 20 terabytes of managed storage. TeraCloud produces a comprehensive and detailed usage report with specific storage recommendations based upon collected customer data.

Availability

TeraCloud's products are available online through the company's Web site at www.teracloud.com, and the company has established strategic technology, distribution and development partnerships. TeraCloud is building indirect sales through local and regional VARS interested in getting closer to their customers.

About TeraCloud Corporation

TeraCloud Corporation continues to define the storage analytics market serving global Fortune 2000 and mid-market customers. TeraCloud's groundbreaking Storage Analytics (TSA) technology provides storage utilization analytics to pin-point conditions and predictive events where storage utilization is sub-optimized. Regardless of platform, the TeraCloud Storage Framework (TSF) v2.1 provides enterprise customers with instant knowledge for predictable storage management from a single view. TSF Lite is the only product to provide mid-market companies with a powerful, enterprise-level and cost-effective tool for predictable storage management. TeraCloud's SpaceFinder Suite v4.4.1 gives customers the knowledge for predictable storage management on the Z-series platform by providing automating storage administration that monitors, detects, analyzes and proactively resolves issues threatening storage availability. Founded in 1991, TeraCloud Corporation is a privately held company based in Bellevue, Wash. For more information, visit www.teracloud.com.