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Intransa's in Transition

Even as IP SANs are poised for rapid growth, the executive suite at startup Intransa Inc. sports a revolving door.

Intransa has lost its marketing VP, engineering VP, and chief financial officer in the last two months. All three executives joined Intransa last year (see Sun Marketing Vet Joins Intransa and Intransa Gets New Engineering VP). A source close to the startup says the losses were due at least in part to dissatisfaction with company leadership.

The source says Intransa is burning cash rapidly, and CEO Avi Katz is under fire from the board despite having a strong ally in chairman Eric Benhamou, one of the startups investors who brought Katz on board in 2003 (see Intransa Lands a Third CEO).

One thing Intransa's not burning is time attracting new talent. The company hired Doug Rainbolt from Brocade Communications Systems Inc. (Nasdaq: BRCD) two weeks ago to replace ex-marketing VP Ravi Pendekanti. Peter Wang, Intransa’s founder and CTO, says the company is close to hiring a replacement for engineering VP Robert Weisickle, and is searching for a CFO to replace Greg Ayers.

Wang says he’s unfazed by the departures. “We are pleased in our ability to continue to attract good people to replace them,” he says. Intransa has 100 employees, the same number as last August. Also, Wang says the company has around 200 customers, up from 185 at the start of 2005.

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