Crossroads Systems, Inc. (NASDAQ:CRDS) Files An 8-K Results of Operations and Financial Condition

Item 2.02

On December 13, 2016, Crossroads Systems, Inc. (the Company)
issued a press release announcing financial results for its
fourth fiscal quarter and year ended October 31, 2016. A copy of
the release is attached hereto as Exhibit 99.1.

The information contained in this report and the exhibit hereto
shall not be deemed filed for purposes of Section 18 of the
Securities Exchange Act of 1934, as amended (the Exchange Act),
and shall not be incorporated by reference into any filings made
by the Company under the Securities Act of 1933, as amended, or
the Exchange Act, except as may be expressly set forth by
specific reference in such filing.

About Crossroads Systems, Inc. (NASDAQ:CRDS)

Crossroads Systems, Inc. is a provider of data storage solutions. The Company develops technology and products that address information technology challenges, such as storing and protecting business data. Its products are delivered either as software or as software embedded in an appliance. Its products include StrongBox, which is a storage gateway solution that integrates storage tiers and technologies to simplify data management and enables data preservation; StrongBox VM, which is a software version of StrongBox that runs on VMware ESXi servers; StrongBox DataManager, which is a software enhancement to StrongBox that provides file migration from storage systems, such as NetApp, Linux and other servers; StrongBox VSeries Tape Libraries, which are paired with the StrongBox or StrongBox VM to provide customers a data storage solution; SPHiNX, which a virtual tape system that provides data protection, and FileStor HSM, which provides file management for policy-based data migration.

Crossroads Systems, Inc. (NASDAQ:CRDS) Recent Trading Information

Crossroads Systems, Inc. (NASDAQ:CRDS) closed its last trading session down -0.61 at 4.69 with 34,490 shares trading hands.