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Exanet Lands $17M: Page 3 of 3

Exanet chief strategy officer Mitch Shults was formerly marketing director at Intel Corp. (Nasdaq: INTC), where he kicked-off Intel's InfiniBand initiative and enterprise server strategy. Exanet's executive VP of R&D is Nir Peleg, a parallel computing expert who formerly worked at DEC and became well-known among storage system architects.

All this sounds great, but Exanet faces some stiff competition from the growing pool of startups (many with impressive executive rosters) that claim to have the answer to scaling storage. The list includes Zambeel Inc.

, Panasas Inc.
, FalconStor Software Inc. (Nasdaq: FALC), Paceline Systems Corp., and LeftHand Networks – to name a few. The mighty EMC Corp. (NYSE: EMC) is also gradually shifting its weight over to software, presenting an 800-pound gorilla block against startups entering this field (see EMC Goes Soft and EMC Splits Into Three).

— Jo Maitland, Senior Editor, Byte and Switch
http://www.byteandswitch.com