Open Source Storage Sells 50 Million Shares

Open Source Storage (OSS), in enterprise storage solutions, announced that the company has sold over 50 million securities to private investors and has released the Niazi 1.618 Middleware System.

The new middleware system will allow OSS customers to expand proprietary storage using lower-cost open source technology.

Founded in 2001 and re-launched in December of 2013, Open Source Storage reduces the typical costs of data ownership by 30% to 40% by replacing licensed software and proprietary hardware with open source software and open standard components.

Over the past 90 days, OSS has sold over 50 million shares to private investors at an undisclosed price. The funding will support product development and hiring as OSS re-enters the storage market.

“The Niazi 1.618 Middleware System was crucial to our investors,” said Eren Niazi, founder and CEO, OSS. “Given the dominance of proprietary storage systems, we needed to re-launch with technology that helps companies transition to open source without losing their investment in current datacenters. The new middleware system makes this uniquely possible.”

Named in tribute to the ‘golden mean,’ the Niazi 1.618 Middleware System allows companies to mount open source software and open standard components (commodity hardware) to any existing infrastructure. It’s a middleware that allows enterprises to expand storage with open source technology while continuing to use their current storage filing systems.

“The licensing fees on proprietary storage solutions become outrageous once companies scale,” said Niazi. “OSS and the 1.618 Middleware provide the first real solution for companies that feel trapped between big data initiatives and big storage costs.”

From 2001 to 2007, OSS provided storage solutions for Facebook, Shutterfly, NASA, KPMG, the U.S. Army, Lockheed Martin and other organizations. Today, OSS continues to help enterprises reduce storage costs and improve datacenter performance with open source technology.