MONOSPHERE SURVEY FINDS 83 PERCENT OF STORAGE PROS FACE INCREASE IN STORAGE SPENDING

62 Percent of Respondents Cite Increased Storage Costs as a Financial Problem Causing Other IT Projects to Be Delayed

Redwood City, Calif. – Dec. 18, 2006 – A recent survey conducted by MonoSphere Inc., creators of storage capacity planning software, reveals 83 percent of more than 140 storage professionals surveyed face an increase in capital expenditures on storage.  Forty-one percent of the total cited that storage spending is skyrocketing or increasing faster than the overall IT budget.  As a result, 62 percent of respondents say that increased spending causes a financial problem for their organization, often delaying the implementation of other IT projects.

Fig. 1: Rate of increase of storage expenditures each year

“This survey illustrates that capital expenditures on storage are rapidly escalating and are causing companies to delay other important IT initiatives,” said Frank Kettenstock, MonoSphere’s vice president of marketing.  “Today’s IT departments now require a systematic approach to storage capacity planning, which can improve companies’ storage utilization and significantly reduce capital expense spending.”

While 62 percent of the total responded that increased storage spending causes financial problems for the IT budget, the number escalated to 87 percent – more than two thirds – when the dataset was narrowed to include only executives titled director level and above who manage more than 100 terabytes of stored data.  Also among the smaller dataset, responses reveal that 36 percent had to delay other IT projects due to the increase in storage expenditures.

Fig. 2: Storage Executives (Director Levels and Above Managing More Than 1 TB of Storage) Cite Whether Increased Storage Spending Causes Their Respective Companies Financial Problems

“The findings in MonoSphere’s survey are consistent with TheInfoPro’s latest Storage Wave 8 Study, which indicates that storage capacity planning is one of the top storage issues organizations face today,” said Robert L. Stevenson, managing director of TheInfoPro’s Storage Sector.  “Companies need to be innovative, and they need to take the necessary steps to proactively manage storage growth by developing effective storage-capacity plans and maximizing utilization of existing storage assets.”

The survey represented 140 total respondents in the IT industry.  Organizations varied in storage size from less than 99 TBs to 1 PB or greater.

About MonoSphere
MonoSphere provides agent-less storage capacity planning software that enables Global 3000 companies to forecast, plan and optimize their storage capacity.  Providing unprecedented visibility into an organization’s storage resources, MonoSphere’s award-winning Storage Horizon software dramatically reduces spending on storage infrastructure.  Headquartered in Redwood City, Calif., the company is venture-backed by top-tier investors such as Intel Capital, ComVentures, Lightspeed Venture Partners, and Benchmark Capital.  More information can be found at www.monosphere.com.

For more information:
Frank Kettenstock
650-595-3102
frank@monosphere.com