Pure Storage Announces Strategic Investment and Technology Development Agreement with In-Q-Tel

Partnership Will Support Development of FlashArray for U.S. Government Applications

Mountain View, CA – May 29, 2013 — Pure Storage, the all-flash enterprise storage company, today announced that it has closed a strategic investment and technology development agreement with In-Q-Tel (IQT), the investment firm that identifies innovative technology solutions to support the missions of the U.S. Intelligence Community. The partnership will allow Pure Storage to further develop its FlashArray technology to meet the unique needs of IQT’s government customers.

"We are pleased to be partnering with Pure Storage to accelerate development of its FlashArray technology," said T.J. Rylander, Partner on IQT’s Investments Team. "This solution has great potential to address critical reliability, performance, efficiency and data storage cost requirements for the U.S. Intelligence Community."

Flash For All: Delivering a Fundamentally Better Storage Experience for Everyone

Flash memory is on pace to replace the spinning hard drive in performance storage, but until now, it has been too expensive to achieve mainstream adoption. Founded in 2009, Pure Storage was first to deliver an all-flash storage array for less than the cost of mechanical disk arrays. The company’s flagship product, the FlashArray, employs high-performance inline data reduction techniques like deduplication, compression, and thin provisioning, to dramatically reduce the data footprint and turn the economics of enterprise storage on its head. FlashArray combines the performance, space, and power efficiency advantages of flash with the compatibility and resiliency of traditional performance disk arrays. The product is dramatically faster, simpler and more reliable, yet costs less than the disk-centric alternatives.

"We are thrilled that In-Q-Tel has selected us to accelerate development of the next generation of enterprise storage," said Scott Dietzen, CEO at Pure Storage. "Their decision to invest in and collaborate with us is a strong validation of the achievements our team has accomplished to-date and the vision we have articulated going forward. We look forward to continuing to work closely with IQT to deliver solid-state storage solutions that are optimized for the needs of the U.S. federal government."

Separately today, Pure Storage made generally available the third generation of its flagship FlashArray product, featuring new FA-400 hardware, and the Purity Operating Environment 3.0 software. The new FlashArray provides double the performance and the capacity of its predecessors, as well as enhanced resiliency, improved supportability, and new features like full encryption and zero overhead snapshots.

About Pure Storage

Pure Storage, the all-flash enterprise storage company, enables the broad deployment of flash in the data center. When compared to traditional disk-centric arrays, Pure Storage all-flash enterprise arrays are 10x faster and 10x more space and power efficient at a price point that is less than performance disk per gigabyte stored. The Pure Storage FlashArray is ideal for high performance workloads, including server virtualization, desktop virtualization (VDI), database (OLTP, real-time analytics) and cloud computing. For more information, visit www.purestorage.com.

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Watch our video: You Know You Want Flash, Right?

About IQT

In-Q-Tel is the not-for-profit, strategic investment firm that works to identify, adapt, and deliver innovative technology solutions to support the missions of the U.S. Intelligence Community. Launched in 1999 as a private, independent organization, IQT’s mission is to identify and partner with companies developing cutting-edge technologies that serve the national security interests of the United States. For more information, visit www.iqt.org.

The Pure Storage and “P” logo marks, Purity Operating Environment, and RAID-3D are trademarks of Pure Storage, Inc. All other trademarks or names referenced in this document are the property of their respective owners.

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Media Contact

Hope Nicora

Bhava Communications

purestorage@bhavacom.com