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StorageNetworks and Exodus Reaffirm Cooperative Relationship

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StorageNetworks, Inc. , a provider of data storage management software and services, and Exodus Communications, Inc., a provider of managed hosting services, today announced that they have reaffirmed their cooperative business relationship and resolved all outstanding financial matters between the companies.

According to the companies, Exodus has agreed to assume all material contracts between Exodus and StorageNetworks, including the Joint Marketing and Services Agreement under which StorageNetworks provides services to customers located in Exodus' Internet Data Centers.

StorageNetworks said it will continue to leverage Exodus' data centers to deliver the full spectrum of data storage solutions, from primary data storage to tape backup and restore and business continuity solutions, to both existing and new customers.According to StorageNetworks' Chief Financial Officer Paul Flanagan, "We are pleased with the mutually beneficial outcome of our conversations with Exodus and our continued joint cooperation. We look forward to continue working with Exodus. Both companies are committed to providing our customers with world-class data storage management solutions that address their needs not only today, but as data requirements continue to grow in the future."

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