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Startups Roll Heads, Reorganize

Don't be fooled: Despite recent IPO bids and acquisitions, not all private storage companies are in the pink.

At least a few continue to have growing pains associated with startups. MaXXan, StoredIQ, and Crosswalk recently made unannounced changes at or near the top of the management queue.

MaXXan's changes were the most sweeping. The virtual switch-turned-encryption-device startup dumped CEO Nelson Bye, sales VP George Vaiser, and marketing VP Jeff Whitney last week as part of what one employee called a "significant reorganization."

Founder and chairman Ray Kao, who was interim CEO before hiring Bye, is back at the helm. Kao ran MaXXan after the board forced out Vic Mahadevan in January of 2005, before Bye was promoted to CEO. (See MaXXan Seeks CEO and Sales.)

The three execs hadn't been in their jobs for long. Bye joined the company as president and COO last November and was promoted to CEO less than three months ago. (See Maxxan Names CEO.) MaXXan hired Vaiser and Whitney in January 2006. (See MaXXan Adds Execs.)

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