The Future Of Cloud Storage And Sharing… The online (or cloud) storage business has always been a really interesting industry. When we started Box in 2005, it was a somewhat untouchable category of technology, perceived to be a commodity service with low margins and little consumer willingness to pay. All three of these factors remain today, but with dropping storage costs, constantly improving bandwidth and computing performance, and consumers’ ever-growing personal digital libraries, online storage (profitable or otherwise) has become a strategic offering for most large internet and software companies. Google continuously updates its Docs service with upgradeable storage and
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New Investors, Shasta and Bessemer, Team with NEA, Lightspeed and Amazon to Close Landmark Investment Round Manage Terms San Jose, CA – January 25, 2011 – Cirtas Systems, the first company to make cloud storage work like onsite enterprise storage, announced today that it has closed a Series B funding round totaling $22.5 million, led by Shasta Ventures and Bessemer Venture Partners, along with returning first round investors NEA, Lightspeed Venture Partners and Amazon; Ravi Mohan of Shasta Ventures will take a seat on the company’s board of directors. Cirtas, which has raised a total of $32.5 million in funding to date,
Three-Year Stellar Growth Makes DDN the Only Enterprise Storage Company to Make Prestigious Inc. 5000 List CHATSWORTH, CA–(Source: Marketwire) – DataDirect Networks (DDN), the leading data infrastructure provider for the world’s most scalable, content-intensive enterprises, today announced its inclusion in the 2010 Inc. 5000, an exclusive ranking of the nation’s fastest-growing private companies. DDN ranked fourth on the list among all computer hardware vendors. DDN was also the only enterprise storage vendor to make the 2010 list, which during its 29 years of publication by Inc. has included nearly every major corporation to emerge in the United States during that
By Associated Press SEATTLE — Hewlett-Packard Co. has again raised its bid for 3Par Inc. above an offer from rival Dell Inc., suggesting that the little-known data-storage maker could be worth more with one of the PC companies’ marketing muscle behind it. The latest offer from HP for $27 per share in cash, or about $1.69 billion, is nearly three times what 3Par had been trading at before Dell made the first bid last week. Earlier on Thursday, Dell said 3Par had accepted its second offer of $24.30 per share in cash, or $1.52 billion. Dell made its first offer,
Very Interesting Report By Tom Henderson and Brendan Allen, at Network World In our continuing series of groundbreaking tests of cloud computing services, we take a look at what enterprises can expect if they decide to entrust data to a cloud storage provider. We found that cloud storage lives up to its advance billing in two key areas: cloud storage can be fast and the pay-as-you-go model can be a real cost saver. We also found that security could be an issue for enterprise shops, and the formulas for trying to predict overall costs can be complex. The services that
