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REDWOOD CITY, CA -- (Marketwired) -- 07/24/13 -- Coraid®, a leading provider of scale-out Ethernet storage solutions, today announced it has been chosen as the bronze winner in the Most Innovative Product of the Year category for the Best in Biz Awards 2013 International. The Best in Biz Awards is an independent business awards program judged by members of the press and industry analysts. Having researched and covered countless successful companies, these judges are uniquely qualified to objectively evaluate and score the competition to choose the top companies, teams, executives and products from among the submissions in each category. This year's judging panel includes 43 judges from 18 countries and all continents

In August 2012, Coraid unveiled the industry's first platform for software-defined storage -- Coraid EtherCloud™ -- enhancing business agility in the modern data center by radically simplifying delivery of scale-out infrastructure. EtherCloud allows administrators to take a building block approach to scalable storage infrastructure rather than forcing them into a complex tiered storage environment to deal with price-performance tradeoffs. In essence, EtherCloud pools and abstracts individual storage building blocks into a single system and provides a powerful policy engine that allows storage to be dynamically allocated and managed according to application requirements and business policies. This allows IT administrators to reduce infrastructure-provisioning times from days to minutes.

More than 150 public and private companies representing all sectors of the economy from more than 25 countries competed in Best in Biz Awards' International's inaugural program. Best in Biz Awards 2013 International honors are conferred in a wide range of categories, including Fastest-Growing Company of the Year, Most Innovative Company of the Year, Best Place to Work, Technology Department of the Year, Executive of the Year, Enterprise Product of the Year, Small/Medium Business Product of the Year, Most Innovative Product of the Year and Film or Video of the Year.

"Enterprise end users are increasingly demanding IT services that are as simple to use as public cloud offerings that offer commodity economics and total elasticity, all while providing instant gratification," said Kevin Brown, CEO of Coraid. "This is a fundamentally different problem than the legacy storage solutions of the past requiring scale-out capabilities and an automated control plane. Winning the Most Innovative Product of the Year for the Best in Biz Awards 2013 International is another validation point for the disruptive nature of Ethernet-based storage and Coraid's innovative approach to solving modern storage challenges."

Winners of Best in Biz Awards 2013 International were determined based on scoring from a panel of 43 judges drawn from top-tier news, business, finance, and technology publications and media outlets from 18 countries, with all continents represented. This year's judging panel included writers and contributors to such publications as Advertiser Adelaide (Australia), Analyst 2.0 (Canada), ARD (Germany), Asian Power (Singapore), Australian (Australia), Bennett Business Connections (Canada), Business Insider (Australia), Canadian Business (Canada), Castleford Media (Australia), Channel NewsAsia (Singapore), CTV (Canada), Dynamic Business (Australia), Element Magazine (New Zealand), Encore Magazine (Australia), Gizmodo and Lifehacker (Australia), IAA Magazine (United Arab Emirates), InBusiness (Cyprus and Greece), Irish Independent (Ireland), Jerusalem Post (Israel), Kaiser The Sage (Philippines), Kontan Mingguan (Indonesia), Outlook Business Magazine (India), PC Authority (Australia), PC Format (United Kingdom), Pro Sound Systems (India), Regional Economic Development Blog (Australia), RTE (Ireland), Stuff.co.nz (New Zealand), TechHim (India), TechnoFILE.com (Canada), Techtalk (United States), Thoughtful China (Hong Kong), Toronto Standard (Canada), Vancouver Sun (Canada), Vyapar (India), Ventures Africa (Nigeria), Winnipeg Free Press (Canada), Wirausaha & Keuangan (Indonesia), WirelessDuniya (India), YourStory.in (India) and Xbox Plus (Brazil).

For a full list of gold, silver and bronze winners in Best in Biz Awards 2013 International, visit: http://intl.bestinbizawards.com/intl-2013-winners.

About Coraid
Coraid redefines storage with its breakthrough line of EtherDrive and EtherCloud solutions. Coraid delivers scale-out performance, Ethernet simplicity, and an elastic storage architecture to handle massive data growth. Designed from the ground up for virtualization and cloud architectures, Coraid's platform has been deployed by more than 1,700 customers worldwide. For more information, visit www.coraid.com or follow Coraid on Twitter at www.twitter.com/Coraid or LinkedIn at http://www.linkedin.com/companies/Coraid.

About Best in Biz Awards
Best in Biz Awards recognizes top companies, teams, executives and products for their business success as judged by established members of the press and industry analysts. Best in Biz Awards honors are conferred in three separate programs annually: North America, EMEA, and International. Entries are currently being accepted in the third annual Best in Biz Awards 2013 North American program, until the final entry deadline on September 20, 2013. Any organization from any industry in North America may enter any of the more than 50 company, department or team, executive and product categories. For more information about the International program, visit: http://intl.bestinbizawards.com.