Network Computing is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

SAN Snacks From SNW

PHOENIX -- The Storage Networking World tradeshow is wrapping up, but that doesn't mean news is a wrap. If anything, the show highlighted a slew of things to keep an eye on in the market. Here are a few snippets that surfaced this week:

Public Ponderings

At least three private storage companies are talking IPO for 2005.

  • Softek is a logical candidate because the storage management software company was already profitable as a division before spinning off from Fujitsu Ltd. (OTC: FJTSY; Tokyo: 6702)
    this week (see Softek Taken in Management Buyout). Softek's VP for open systems, Karen Dutch, says the new company is about 12 to 18 months away from going public. It was like we hit college age, and now it's time to leave home,” Dutch says of the management-led buyout, terms still undisclosed. Fujitsu will continue to OEM Softek but has no management stake in the new company.
  • NAS startup BlueArc Corp. might go public within the year, according to CTO Geoff Barrall. “We’re very much on track for an IPO in Q1 [2005],” Barrall says. “We had a huge jump in revenues in the March quarter, and we went past our Q2 revenue target one week into the quarter.” Barrall says sales of BlueArc’s new modular-drive Titan system are strong, and its average sales price of more than $400,000 is more than double the cost of BlueArc’s original SiliconServer product (see BlueArc Titan to Battle Giants).
  • Arsenal Digital Solutions Worldwide Inc. CEO Frank Brick says the storage management service provider is considering an IPO late next year or early 2006, after reaching positive EBITDA last year (see Arsenal Reloads With $11M). “We’re a $50 million company, and we believe we will easily achieve 75 percent to 100 percent growth next year,” says Brick, whose company recently added Con Edison Communications Inc. (NYSE: ED) to a list of clients that includes AT&T Corp. (NYSE: T), NTT/Verio Inc., AboveNet Inc., Terremark Worldwide Inc., Redundant Networks, and Redundant Networks (see Arsenal Partners With Con Edison).
    • 1