College Park, Md. April 27, 2007 - Dingman Center for Entrepreneurship portfolio company Exponential Storage recently joined the Chesapeake Innovation Center, the regions premier incubator for homeland security-focused businesses. The Dingman Center, part of the University of Marylands Robert H. Smith School of Business, helps entrepreneurs from the Maryland, Virginia and Washington, D.C. region start and grow their businesses.
Exponential Storage provides affordable and secure data storage. The company joined the Dingman Center as a portfolio company in late 2005, where it received entrepreneurship mentoring and access to funding opportunities. Company founders worked closely with Dingman Center Managing Director Asher Epstein and Smith Senior Fellow Mark Walsh, the managing partner of a private equity and investment firm who lends his expertise to Dingman activities.
We were immediately impressed with the idea, which has very high-growth potential, and with the management team where all the founders each had more than 25 years of experience, Epstein said. Its great to have a company weve incubated be validated by the Chesapeake Innovation Center. Exponential Storages success will also lead to more internship and potentially job opportunities for our students.
The Dingman Center has been a huge plus in our advancement, commented Wick Keating, CEO of Exponential Storage. For us, it is about partnership Dingman as connected us with the right people and guided us to the right places. We anticipate returning the same by hiring University of Maryland students both as interns and in key positions soon!
The Dingman Center is recognized as one of the early catalysts for the development of an entrepreneurial culture and entrepreneurial companies in the Baltimore-Washington metro areas. As an incubator of entrepreneurial opportunity, the Dingman Center has a diverse and dynamic portfolio. The Dingman Center also assists local entrepreneurs from the Maryland, Virginia and Washington metro area grow their startups the next level through its Capital Access Network and mentor program. Dingman portfolio companies have a close partnership and lasting relationship with the center. They are selected on the basis of their long-term viability and the management teams objectives.
About Exponential Storage
Exponential Storage, based in Annapolis, MD, specializes in massive storage products for: digital entertainment (video-on-demand, Web 2.0 sites, etc.), medical images (CT scans, MRIs, etc.) and surveillance/intelligence information (satellite imagery, security videos, etc.). Its storage products are optimized to deliver massive digital content files simultaneously to large numbers of users. Using its self-contained storage servers provide reliability, scalability, performance, the servers may be clustered into storage systems up to 8 petabytes (8,000tb) capacity all of which appears as one file system to users.
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About the University of Maryland's Robert H. Smith School of Business
The Robert H. Smith School of Business is an internationally recognized leader in management education and research. One of 12 colleges and schools at the University of Maryland, College Park, the Smith School offers undergraduate, full-time and flex MBA, executive MBA, online MBA, business master’s, PhD and executive education programs, as well as outreach services to the corporate community. The school offers its degree, custom and certification programs in learning locations in North America and Asia.