Concurrent Targets Broader Market with Software-Defined Storage Solution

Concurrent (NASDAQ: CCUR), a global provider of high-performance Linux® and storage solutions, today announced the launch of a new software-defined storage solution designed for capacity hungry, throughput intensive applications. The company is targeting the broader storage market with an open-source Ceph®-based object storage solution that supports the more demanding performance requirements of mission-critical applications.

“Concurrent serves industries and customers that demand uncompromising performance, reliability, and flexibility,” said Derek Elder, President and CEO of Concurrent. “With our core Linux and storage expertise, we have developed a no-compromise software-defined storage architecture that satisfies the mission-critical performance requirements of a wide range of markets. With several large customers already signed up to deploy our new object storage solution, we are off to a great start and we look forward to continued progress as we approach the broader market.”

With modular scaling, open hardware integration, on-the-fly capacity upgrades, and self-healing capabilities, Concurrent’s storage platform delivers the flexibility and features required to satisfy the most advanced applications. Support is included for the latest disk drive and solid state storage technologies to enable ultra-high density configurations and scalable storage complexes reaching exabyte capacity levels. The system also includes an intuitive system dashboard and support for industry standard open interfaces such as OpenStack® Swift, Amazon S3™, HTTP, and FTP for easier installation, integration, and maintenance.

Concurrent’s object storage solution is powered by Concurrent’s open source, real-time Linux operating system, RedHawk™. RedHawk offers numerous advantages over standard enterprise Linux distributions, including extremely low-latency operation, advanced tuning capabilities, and real-time determinism for guaranteed results. RedHawk and its associated optimization tools improve application performance by unleashing the untapped potential of commercial x86-based hardware platforms.

By combining high performance, simplified scaling, and advanced resiliency features into one very capable software platform, Concurrent offers a unique solution alternative to proprietary storage solutions. The company is targeting opportunities in a diverse array of markets, including the service provider, media and entertainment, aerospace and defense, automotive, financial, healthcare, manufacturing, and energy markets.

Concurrent’s software-defined object storage solution is currently available and shipping to customers. The company will be demonstrating its storage products at INTX 2015, May 5-7th in Chicago.

About Concurrent

Concurrent (NASDAQ: CCUR) is a global software and solutions provider of content delivery and real-time applications on a core foundation of high-performance Linux and storage technologies. The company serves industries and customers that demand uncompromising performance, reliability, and flexibility to gain a competitive edge, drive meaningful growth, and power brighter ideas that enrich the lives of millions of people around the world every day. Concurrent works closely with service providers, aerospace and defense organizations, automotive manufacturers, and a diverse range of companies in the manufacturing, financial, energy, and healthcare markets to launch innovative solutions and help achieve their most ambitious endeavors. Offices are located in North America, Europe and Asia. Visit www.ccur.com for further information or follow us on Twitter.

Certain statements made or incorporated by reference in this release may constitute “forward-looking statements” within the meaning of the federal securities laws. Statements regarding future events and development and our future performance, as well as our expectations, beliefs, plans, estimates, or projections relating to the future, are forward-looking statements within the meaning of these laws. These forward-looking statements include, among others, statements regarding our products and product development. All forward-looking statements are subject to certain risks and uncertainties that could cause actual events to differ materially from those projected. Such risks and uncertainties include our ability to meet customer schedules and demands and deployment and integration goals.

Important risk factors are discussed in our Form 10-K filed with the Securities and Exchange Commission (“SEC”) on August 27, 2014, and may be discussed in subsequent periodic reports filed with the SEC. The risk factors discussed in such Form 10-K and subsequently filed periodic reports under the heading “Risk Factors” are specifically incorporated by reference in this press release. Our forward-looking statements are based on current expectations and speak only as of the date of such statements. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of future events, new information, or otherwise.

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