Concurrent Signs OEM Agreement with Hewlett Packard Enterprise (HPE) to Deliver High-Performance Visual Media Storage

ATLANTA, June 13, 2017 -- Concurrent (NASDAQ:CCUR), a global leader in storage, protection, transformation and delivery of visual assets, today announced that Hewlett Packard Enterprise (NYSE:HPE) and Concurrent have signed an OEM agreement to provide customers with a combined storage solution.

The new solution combines Concurrent Aquari™ Storage software with the HPE ProLiant DL380 Gen 9 Server and HPE Apollo 4500 Systems to deliver the flexibility, performance, and exabyte-scale required by demanding video applications and other growing visual media workloads. Leveraging the performance and density of these HPE systems, Aquari Storage provides a massively scalable and easy-to-manage storage solution to support unpredictable data growth.

Building on its rich heritage in the video content delivery market, Concurrent continues to provide value to content creators, broadcasters, cable operators and post-production houses with Aquari Storage. By consolidating storage for all media workflows on a massively scalable storage system, visual media innovators can reduce total cost of ownership for storage, increase flexibility and scalability for growing media libraries, overcome the limitations of tape-based archives and improve operational efficiency using modern data protection methods. 

“With 23.6% market share, HPE continues to be the leader in the worldwide server market according to IDC. Broadcasters and content providers select HPE density-optimized server hardware as a solid foundation for software-defined storage infrastructures that are cost effective and resilient enough for large data loads,” said Scott Ryan, Senior Vice President, Products at Concurrent. “This OEM partnership increases the serviceable market for Aquari storage as well as gives our customers who prefer HPE servers a stress-tested option developed for the unique demands of digital media.”

About Concurrent
Concurrent (NASDAQ:CCUR) is a global software and solutions company that develops advanced applications focused on storing, protecting, transforming, and delivering high value media assets.  We serve industries and customers that demand uncompromising performance, reliability and flexibility to gain a competitive edge, drive meaningful growth and confidently deliver best-in-class solutions that enrich the lives of millions of people around the world every day.  Offices are located in North America, Europe and Asia. Follow us on Twitter: www.twitter.com/Concurrent_CCUR.

Safe Harbor
Certain statements made or incorporated by reference in this release may constitute "forward-looking statements" within the meaning of the federal securities laws. Statements regarding future events and developments and the company's future performance, including, but not limited to, management's expectations, beliefs, plans, estimates, or projections relating to the future, are forward-looking statements within the meaning of these laws. All forward-looking statements are subject to certain risks and uncertainties that could cause actual events to differ materially from those projected.

Important risk factors include, but are not limited to, our ability to reinvest the net proceeds from the sale of our Real-Time segment in a manner that we believe will generate an adequate return to our remaining business and the risk factors discussed in Concurrent's Form 10-K filed August 30, 2016 with the Securities and Exchange Commission ("SEC"), and in subsequent filings of periodic reports with the SEC. The risk factors discussed in the Form 10-K and subsequently filed periodic reports under the heading "Risk Factors" are specifically incorporated by reference in this press release.   Forward-looking statements are based on current expectations and speak only as of the date of such statements. Concurrent undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of future events, new information, or otherwise.

All Concurrent product names and its logo are trademarks or registered trademarks of Concurrent while all other product names are trademarks or registered trademarks of their respective owners.

Media Relations Contact:

Christa Camiolo
678-258-4015
[email protected]

Investor Relations Contact:

Doug Sherk
415-652-9100
[email protected] 

Todd Kehrli
310-625-4462
[email protected]