Promise Technology Overview

  • Year Founded
  • 1991

Year Founded

  • Status
  • Public

  • Employees
  • 418

Employees

  • Stock Symbol
  • 3057

Stock Symbol

  • Investments
  • 1

  • Share Price
  • $0.33
  • (As of Wednesday Closing)

Promise Technology General Information

Description

Promise Technology Inc is a developer of open storage platforms, designed for the data centre, surveillance, cloud, and rich media markets. Its product portfolio comprises VTrak, Vess, Pegasus, and SANlink. In addition, the company offers solutions, including consumer/IoT, rich media, cloud, surveillance, and IT solutions, as well as professional services comprising warranties, onsite hardware replacement, training, and installation services. It offers computer storage equipment high -performance control cards and systems, computer high-performance network and graphics systems, multimedia software, and hardware kits and systems, and Products related to computer and telephone integration technology.

Contact Information

Website
www.promise.com
Ownership Status
Publicly Held
Financing Status
Corporation
Corporate Office
  • 2F, No. 30, Industry E. Rd. IX
  • Science-Based Industrial Park
  • Hsinchu, 300-75
  • Taiwan
+886 03
Primary Industry
Storage (IT)
Stock Exchange
TAI
Vertical(s)
TMT
Corporate Office
  • 2F, No. 30, Industry E. Rd. IX
  • Science-Based Industrial Park
  • Hsinchu, 300-75
  • Taiwan
+886 03

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Promise Technology Stock Performance

As of 14-May-2025, Promise Technology’s stock price is $0.33. Its current market cap is $31M with 92.7M shares.

(As of Wednesday Closing)

Stock Price Previous Close 52 wk Range Market Cap Shares Average Volume EPS
$0.33 $0.31 $0.24 - $0.55 $31M 92.7M 123K -$0.02

Promise Technology Financials Summary

As of 31-Mar-2025, Promise Technology has a trailing 12-month revenue of $17.5M.

In Thousands,
USD
TTM 31-Mar-2025 FY 2024 31-Dec-2024 FY 2023 31-Dec-2023 FY 2022 31-Dec-2022
EV 24,617 29,368 35,544 23,855
Revenue 17,501 17,862 18,766 29,899
EBITDA 460 (2,186) (3,209) 1,721
Net Income (2,035) (4,741) (4,597) 97
Total Assets 27,773 31,687 38,682 41,531
Total Debt 3,025 8,261 9,388 6,736
Public Fundamental Data provided by Morningstar, Inc. disclaimer

Promise Technology Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Promise Technology Inc is a developer of open storage platforms, designed for the data centre, surveillance, cloud, and
Storage (IT)
Hsinchu, Taiwan
418 As of 2012

San Jose, CA
 

Munich, Germany
 
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Promise Technology Competitors (12)

One of Promise Technology’s 12 competitors is Vdura, a Private Equity-Backed company based in San Jose, CA.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Vdura Private Equity-Backed San Jose, CA
Fast LTA Private Equity-Backed Munich, Germany
Drobo Formerly VC-backed Sunnyvale, CA
Unitrends Private Equity-Backed Burlington, MA
Nexsan Private Equity-Backed Sunnyvale, CA
You’re viewing 5 of 12 competitors. Get the full list »

Promise Technology Patents

Promise Technology Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
JP-2011141857-A Raid system Pending 06-Jan-2010
JP-2001125829-A Controller device, disk controller, auxiliary storage device, computer system and auxiliary storage device control method Pending 28-Oct-1999

Promise Technology Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

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Promise Technology Acquisitions (1)

Promise Technology’s most recent deal was a Merger/Acquisition with iStor Networks. The deal was made on 26-Jul-2010.

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
iStor Networks 26-Jul-2010 Merger/Acquisition Storage (IT)
To view Promise Technology’s complete acquisitions history, request access »

Promise Technology Affiliates

Subsidiaries (1)

Name Industry Location Year Founded
iStor Networks Irvine, CA 2001

Promise Technology FAQs

  • When was Promise Technology founded?

    Promise Technology was founded in 1991.

  • Where is Promise Technology headquartered?

    Promise Technology is headquartered in Hsinchu, Taiwan.

  • What is the size of Promise Technology?

    Promise Technology has 418 total employees.

  • What industry is Promise Technology in?

    Promise Technology’s primary industry is Storage (IT).

  • Is Promise Technology a private or public company?

    Promise Technology is a Public company.

  • What is Promise Technology’s stock symbol?

    The ticker symbol for Promise Technology is 3057.

  • What is the current stock price of Promise Technology?

    As of 14-May-2025 the stock price of Promise Technology is $0.33.

  • What is the current market cap of Promise Technology?

    The current market capitalization of Promise Technology is $31M.

  • What is Promise Technology’s current revenue?

    The trailing twelve month revenue for Promise Technology is $17.5M.

  • Who are Promise Technology’s competitors?

    Vdura, Fast LTA, Drobo, Unitrends, and Nexsan are some of the 12 competitors of Promise Technology.

  • What is Promise Technology’s annual earnings per share (EPS)?

    Promise Technology’s EPS for 12 months was -$0.02.

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