Permabit Technology Corporation, a recognized leader in data efficiency technology, today announced that Network Products Guide has named Jered Floyd, chief technology officer and founder, a finalist for the 7^th Annual 2012 Hot Companies and Best Products Awards in the CTO of the Year category. These industry and peer awards from Network Products Guide, the industry's leading technology research and advisory guide, are the world's premier information technology awards honoring achievements and recognitions in every facet of the IT industry. Winners will be honored in Las Vegas on Tuesday, May 8, 2012, during the seventh annual dinner and presentations.

As a founder of the company, Jered drives technology vision for Permabit’s core products, including the industry’s first and only embedded data optimization software for OEMs, Albireo. Albireo is patented software that enables flash and hard drive storage vendors to deliver high-speed data deduplication across any tier including cloud storage.

His interaction with customers spurred development of the latest Albireo product, Albireo Virtual Data Optimization Software. Albireo VDO provides data deduplication and thin provisioning capabilities for Linux-based storage systems. Over the past year, due in part to Floyd’s leadership, Permabit has achieved many other milestones. The Software Development Kit (SDK) version of Albireo broke industry performance barriers, delivering throughput of more than 400 GB/sec, allowing it to maintain performance for even the fastest tiers of storage, such as enterprise flash arrays and solid state disk drives. Jered has also been instrumental in Permabit’s 27 patents. He has kept Permabit an industry leader in data optimization and a desired partner among OEMs such as Hitachi Data Systems (HDS), SeaChange Broadcast and StoneFly.

“Jered knows what it means to deliver disruptive technologies to innovative partners,” said Tom Cook, CEO of Permabit. “His commitment to innovation has been the driving force behind Permabit and our Albireo solutions. Albireo revolutionizes data optimization technology.”

About Network Products Guide Awards

As industry’s leading technology research and advisory publication, Network Products Guide plays a vital role in keeping decision makers and end-users informed of the choices they can make in all areas of information technology. You will discover a wealth of information and tools in this guide including the best products and services, roadmaps, industry directions, technology advancements and independent product evaluations that facilitate in making the most pertinent technology decisions impacting business and personal goals. The guide follows conscientious research methodologies developed and enhanced by industry experts. To learn more, visit www.networkproductsguide.com

Supporting Resources:

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About Permabit

Permabit is a recognized leader in data efficiency technology, enabling OEMs to leverage their R&D investment, increase margin, accelerate time to market and achieve competitive advantage. Permabit Albireo software massively improves performance and efficiency of data creation, transmission and storage. Solutions built with Albireo are being delivered by leading hardware, software and service providers. Our partners include Hitachi Data Systems (HDS), LSI, and StoneFly. Permabit was founded in 2000 by a technical and business team from Massachusetts Institute of Technology. For more information, visit: www.permabit.com.