Storage Soup:

July, 2017

July 25, 2017  7:41 PM

Seagate revenue slides, CEO says ‘see ya later’

Carol Sliwa Carol Sliwa Profile: Carol Sliwa

Seagate Technology changed its CEO, reported a revenue miss, and disclosed plans to cut 600 jobs -- all on the same day. The hard disk drive and systems vendor today...

July 25, 2017  9:35 AM

SoftNAS Cloud software paces itself when moving petabytes

Sonia Lelii Sonia Lelii Profile: Sonia Lelii

SoftNAS engineers encountered a problem early this year with Amazon Web Services and Microsoft Azure clouds that caused a delay in the SoftNAS Cloud NAS 3.5 release. The engineers hit a snag while...

July 21, 2017  11:48 AM

Symbolic IO CEO Ignomirello arrested on assault charges

Garry Kranz Garry Kranz Profile: Garry Kranz

Symbolic IO, identified as one of SearchStorage’s storage startups to watch in 2017, now...

July 21, 2017  9:07 AM

IBM flash storage and cloud rare revenue bright spots

Sonia Lelii Sonia Lelii Profile: Sonia Lelii

While IBM's revenue dropped for the 21st straight quarter, its storage business proved a bright spot. Following its own 22-quarter slump, IBM storage is now on a two-quarter winning streak. During IBM's Tuesday evening earnings report, executives said storage increased 8% over last...

July 19, 2017  5:59 AM

Broadcom-Brocade deal delayed, with ‘no assurances’

Dave Raffo Dave Raffo Profile: Dave Raffo

The $5.9 billion Broadcom-Brocade acquisition has been delayed 30 days, which may turn into a 75-day delay. That's if the deal happens at all. SAN switching vendor Brocade Tuesday evening said the...

July 18, 2017  4:36 PM

Veeam revenue benefits from more $1 million deals

Sonia Lelii Sonia Lelii Profile: Sonia Lelii

Veeam Software today reported a a 27% year-over-year increase in revenue growth for total bookings and 53% year-over-year growth for deals that are more than $100,000 during the second quarter of this year, fueled by larger customers and cloud backup. The Veeam revenue spike came from adding...

July 17, 2017  9:58 AM

OwnBackup funding drives further cloud protection

Paul Crocetti Paul Crocetti Profile: Paul Crocetti

Cloud-to-cloud backup startup OwnBackup plans to significantly expand following a $7.5 million Series B funding round led by Insight Venture Partners. OwnBackup CEO Sam Gutmann said the company may double its workforce with the new funding. He said the funding "comes on the heels of phenomenal...

July 12, 2017  4:44 PM

DataGravity’s data-aware storage scooped up by HyTrust

Garry Kranz Garry Kranz Profile: Garry Kranz

As a standalone company, DataGravity is no more. But the startup’s data-aware storage technology will live inside of HyTrust's cloud security products. HyTrust, based in Mountain View,...

July 11, 2017  4:01 PM

Arcserve UDP gains cloud capabilities via Zetta acquisition

Sonia Lelii Sonia Lelii Profile: Sonia Lelii

Arcserve today acquired cloud provider Zetta, adding a direct-to-cloud disaster recovery and backup capability to expand its reach for service providers. Arcserve, which spun out of CA Technologies in 2014, plans to integrate Zetta's technology into the flagship

July 6, 2017  4:37 PM

Like Newton’s apple, startup DataGravity lands with a thud

Garry Kranz Garry Kranz Profile: Garry Kranz

Data-aware specialist DataGravity apparently is the latest casualty in a suddenly rough market for storage startups. Industry sources say the vendor has shuttered operations and sold...

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