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THOUSAND OAKS, CA -- (Marketwire) -- 04/03/12 -- Nexsan®, a provider of disk-based data storage systems, withdrew its S-1 filing as the company waits for small cap IPO market improvement.

As SEC rule 479 requires S-1 filings to be withdrawn after 270 days of inactivity, Nexsan has decided to withdraw its S-1 registration statement as the company waits for the small cap high-tech IPO market to improve. The Company retains its goal of an IPO sometime in the not-too-distant future and is seeing its own business continue to grow healthily. Additionally, Nexsan's new FASTier™ offerings in the "Hybrid Storage" space have been attracting positive attention and confirm the Company's migration to increased software content and solid state storage.

About Nexsan
Nexsan® is a leading provider of innovative data storage systems with over 10,000 customers worldwide. Nexsan's pioneering hybrid storage systems combine solid-state technologies, disk storage and advanced software to deliver radically new levels of performance and capacity at lower cost. The company's advanced technologies enable organizations to optimize traditional, virtual and cloud computing environments for increased productivity and business agility. With more than 28,000 systems deployed since 1999, the company delivers its data storage systems through a worldwide network of solution providers, VARs and system integrators. Nexsan is based in Thousand Oaks, Calif. For more information, visit www.nexsan.com.

For more information about Nexsan's products and solutions, visit www.nexsan.com

Nexsan is a registered trademark of Nexsan Corporation. All other product or company names mentioned herein are trademarks or registered trademarks of their respective owners.