Riverside, CA, March 8, 2002 Luminex Software, Inc. today announced that it has
entered into an exclusive reseller business relationship with Crossroads Systems, Inc
(NASDAQ: CRDS). Under the terms of the agreement, Luminex will be the exclusive reseller
of the Crossroads-Oregon mainframe products business. The agreement expands an already
existing customer relationship and includes a license from Crossroads to the hardware,
software and firmware designs of Crossroads' mainframe products. At the end of the
agreement, provided that Luminex meets specified minimum purchase thresholds, Luminex will
have the option to purchase the assets and intellectual property related to the mainframe
products, including the right to manufacture those products.
Luminex has a seven-year history of working with Crossroads as an OEM. Luminex and
Crossroads-Oregon share a similar customer and OEM base. Luminex has hired the entire
Crossroads-Oregon engineering and marketing team, and will operate the business from its
current location in Beaverton, Oregon. With the Crossroads-Oregon product line,
Luminex will now provide focused software and hardware development for the Data Center
and Enterprise class of customer. Effective immediately, all Crossroads-Oregon customers
will now be supported by Luminex.
"We are pleased to be expanding our relationship that we have had with Crossroads,"
said Michael Saunders, President of Luminex. "By leveraging Crossroads-Oregon IP
and its caliber of products and people, Luminex will be able to continue to focus on
customer requirements and deliver the most comprehensive data management solutions
possible."
"As a leader in corporate data management solutions, Luminex has been a valued
customer of Crossroads," said Larry Sanders, president and CEO, Crossroads Systems.
"This agreement will allow Crossroads to focus on its strategy and to allocate
resources to our core and future businesses while maintaining our commitment to achieve
break-even cash flow at the end of fiscal 2002."
"Luminex's continued success and revenue growth has enabled it to execute a strategy
of growth through focused product development and business acquisition," said
Arthur Tolsma, CEO of Luminex. "The synergies of this relationship will enable
Luminex to take a leadership position in the marketplace for integrating mainframes
and open system servers."
About Crossroads Systems
With headquarters in Austin, Texas, Crossroads Systems (NASDAQ: CRDS) is a leading global
provider of connectivity for storage networks regardless of technology or location.
Crossroads enables protocol-independent connectivity at gigabit speeds for a wide
range of devices that scale for small businesses to global enterprises. Crossroads'
products are in solutions from ADIC, ATL, Compaq, Dell, Fujitsu-Siemens, Groupe Bull,
Hewlett-Packard, Hitachi Data Systems, IBM, McDATA, StorageTek, Sun Microsystems, Unisys,
ACAL, Bell Micro, Cranel/Adexis, Datalink and Tech Data. Crossroads is a voting member of
the Storage Networking Industry Association (SNIA). For more information about Crossroads
Systems, please visit www.crossroads.com or call 800/643-7148
About Luminex Software, Inc.
Luminex is a leading developer and innovator of corporate data management solutions
leveraging CD, DVD, optical and tape technologies. The company provides data storage,
data archiving, distribution and network/internet storage solutions that combine
functionality, performance, and ease of use to solve today's customer problems.
Luminex solutions support virtually every mainframe channel interface, network and
internet usage environment. In September of 2000, Luminex entered the Data Center
and Mainframe marketplace by acquiring the Data/Ware product line from Anacomp, Inc.
Luminex is located in Riverside, CA and can be contacted by phone at 951-781-4100, by email
at info@luminex.com or on the internet at http://www.luminex.com.
Luminex Software, Inc.
6840 Indiana Avenue, Suite 130
Riverside, CA 92506
Press Contact: John C. Ramirez
Tel: 1-951-781-4100
Tel: 1-888-LUMINEX
Fax: 1-951-781-4105
Internet: http://www.luminex.com
Email: jramirez@luminex.com
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