IPOs
Biggest Surprise: Yet-to-be profitable WAFS startup Riverbed went public at $9.75 a share in September, and shot up from there -- trading at $31.26 at mid-day today. (See Riverbed Comes Out at $9.75.) Proving you dont need profits to be public, Riverbed opened the door for clustered storage vendor Isilon and replication software firm Double-Take to follow. (See Double-Take, Isilon Go Public.)
Smallest Surprise: After years of talk, backup vendor CommVault finally took the plunge in 2006. (See CommVault Swims in Public Pool.) Silly CommVault waited until it was in the black to go public.
Startup Funding
Biggest: 3PAR and BlueArc scored big, with $30 million and $29 million, respectively, in mezzanine funding for each. (See BlueArc Returns to Trough and 3PAR Picks Up $30M .) The question now is, when will either firm go public? 3PAR has already gleaned $183 million, and investors have sunk $204 into BlueArc.
To realize the benefits of cloud-native software, an application must actually be cloud-native—designed to run in the cloud, interacting with disaggregated cloud services, fully manageable as code—to deliver the expected benefits.
By combining resources and expertise, the AI-Enabled ICT Workforce Consortium will offer a blueprint for how industries can adapt to an AI-dominated future.
IT leaders should heed the guidance of cybersecurity insurance providers who think businesses should prioritize security education, incident preparedness, regular internal audits, and ongoing vulnerability scanning and patching.
