Dot Hill develops storage software for Apple's video editing
BANGALORE | Wed Apr 6, 2011 10:55am EDT
(Reuters) - Data storage systems provider Dot Hill Systems Corp (HILL.O) said it developed a new post-production storage software for editing applications, including Apple Inc's (AAPL.O) Final Cut Pro and Autodesk's (ADSK.O) Smoke, sending its shares up 20 percent on Wednesday. Shares of the company rose 55 cents to a day high of $3.27 in morning trade.
The company said the software would enable post-production editors consolidate video into one shared high speed storage system and reduce rendering times.
Carlsbad, California-based Dot Hill Systems provides storage systems and server software to companies for improved data management and storage.
Shares of the company, which have gained 38 percent in the last three months, were up 12 percent at $3.05 on Wednesday on Nasdaq.
(Reporting by Siddharth Cavale in Bangalore; Editing by Jarshad Kakkrakandy)
Credit: Reuters (www.reuters.com)
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