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After $157 million in funding and four years of shipping NAS product, BlueArc Corp. executives are still predicting an IPO in the not-too-distant future (see BlueArc Wallows in $47M Haul).
Founder and CTO Geoff Barrall, who last spring said he thought the company could go public in the first quarter of 2005, says it remains a matter of when rather than if (see SAN Snacks From SNW).
BlueArc is headed toward a successful IPO, Barrall asserts. We remain very confident in an eventual public offering.
BlueArc president Mike Gustafson is a bit more cautious, mindful of market conditions that have convinced IPO hopefuls such as Engenio Information Technologies Inc. to wait, even after filing papers (see Engenio Gets Cold Feet). I dont think we can talk about a specific timeframe, but were driving towards profitability with the intention of going public," he says.
And profitability, indeed, may be the key. These days, it's a lot easier for Wall Street to take profitable companies public. Bluearc won't say when it will break even.
With the move to the cloud, CISOs must shift priorities from operating security programs to overseeing (monitoring and auditing) outsourced cybersecurity programs.
2022 was a boon year for IT salaries. 2023 came in like a beast with layoffs, raise freezes, and ChatGPT, but that beast has few teeth.
Age is only a number. Don't let a high number cancel your career.
