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22nd February 2010

Iron Mountain acquires Mimosa Systems

http://www.mimosasystems.com/html/news-pr-mimosa-systems-acquired-by-iron-mountain-02-22-10.htm

Iron Mountain Adds All-in-One, On-Premises Archive to Complement its Cloud Offerings; Company Now Capable of Managing Information Wherever it Resides

BOSTON (Feb. 22, 2010) – Iron Mountain Incorporated (NYSE: IRM), an information management services company, today announced it has acquired Santa Clara, Calif.-based Mimosa Systems, Inc., a leader in enterprise-class content archiving solutions, for approximately $112 million in cash, subject to closing adjustments. The deal provides Iron Mountain with an integrated archive for email, SharePoint data and files, and gives the company an on-premises archiving option to complement its existing cloud-based archives.

The ability to archive and manage data both onsite, inside the customer’s firewall, and remotely in the cloud makes Iron Mountain a one-stop shop for data capture, archiving and management. It also provides the company’s customers with greater flexibility and choice for managing their information.

Additionally, the company can now capture and manage a broader range of enterprise information from so-called “edge-of-the-network” devices like desktop PCs and laptops as well as from company repositories like email stores, SharePoint servers and file systems. Many larger businesses still prefer to keep this data on their premises today. Finally, the acquisition allows Iron Mountain to extract intelligence from the information it manages both on-premises and in the cloud, advancing the company’s larger strategy to help enterprises lower the costs and risks associated with storing and managing information.

“We’re really excited about adding Mimosa Systems,” said Ramana Venkata, president of Iron Mountain Digital, the technology arm of Iron Mountain. “We acquired Mimosa because we believe it offers the best archiving technology on the market, and the company shares our philosophy to help customers reduce the cost and risk of storing and managing information. By combining Mimosa’s on-premises archive with our cloud-based technologies, Iron Mountain can now store, recover and discover digital content wherever it resides. This is a great example of the type of technology acquisition that fits well within our long-term growth strategy.”

Mimosa NearPoint™ is an enterprise archiving platform with applications for retention and disposition, eDiscovery, compliance supervision, classification, recovery, and end-user search, enabling customers to reduce risk, and lower their eDiscovery and storage costs. Mimosa has more than 1,000 enterprise customers and is recognized by industry analysts as a fast-growing, visionary archiving company.

“Enterprises today are buried in email and other forms of user-generated content, making information storage and management a complex, expensive and risky exercise,” said Arun Taneja, founder and consulting analyst of the Taneja Group. “This deal strengthens Iron Mountain’s position in the market as a comprehensive provider of information management solutions. Its customers now have greater flexibility to store and manage their information onsite or in the cloud, where it makes sense for their budget and business.”

NearPoint joins a broad portfolio of content archiving, data protection and recovery, and eDiscovery solutions from Iron Mountain Digital. Customers wanting to archive email can now choose either NearPoint for onsite archiving or Iron Mountain’s Total Email Management Suite, powered by Mimecast® technology, for archiving email in the cloud. Additionally, customers can use Iron Mountain’s Digital Record Center® for Compliant Messaging for email that must meet SEC regulations and supervision.

The addition of the NearPoint content archive also offers customers an enhanced eDiscovery solution set for quickly finding content and applying legal holds across email, file and SharePoint data. For larger litigation matters, organizations can easily transfer their onsite data to Iron Mountain’s cloud solution, Stratify Legal Discovery® Service. For smaller matters or in instances where companies want to begin the eDiscovery process on their own, they can do so onsite with Iron Mountain’s early-case assessment tool for eDiscovery, eVantage™.

The Mimosa team will be retained and become an integral part of Iron Mountain Digital. The president and CEO of Mimosa Systems, T. M. Ravi, will assume the role of chief marketing officer for Iron Mountain Digital, responsible for all marketing functions and helping to drive strategy planning and execution for Iron Mountain Digital.

“It’s a win-win situation for our customers and partners who can now leverage Iron Mountain’s global reach and comprehensive information management services,” said T.M. Ravi. “The Mimosa team will play a key role in the development and execution of the company’s cloud and on-premises information management strategy.”

About Mimosa
Mimosa Systems, Inc. delivers next-generation email, file and SharePoint archiving solutions for information immediacy, discovery, and continuity. Mimosa NearPoint is the industry’s most comprehensive unstructured information management software solution for email, files, collaboration systems and instant messages, enabling archiving, eDiscovery, storage management, and recovery in a unified solution. Mimosa is a Microsoft Gold Certified Partner, recognized for its competencies in networking infrastructure solutions, ISV/software solutions, and advanced infrastructure solutions.

About Iron Mountain Digital
Iron Mountain Digital is the world’s leading provider of information management services for data protection and recovery, archiving, eDiscovery and intellectual property management. The technology arm of Iron Mountain Incorporated offers a comprehensive suite of solutions to thousands of companies around the world, directly and through a worldwide network of channel partners. Iron Mountain Digital is based in Southborough, Mass.

About Iron Mountain
Iron Mountain Incorporated (NYSE:IRM) helps organizations around the world reduce the costs and risks associated with information protection and storage. The Company offers comprehensive records management and data protection solutions, along with the expertise and experience to address complex information challenges such as rising storage costs, litigation, regulatory compliance and disaster recovery. Founded in 1951, Iron Mountain is a trusted partner to more than 140,000 corporate clients throughout North America, Europe, Latin America and Asia Pacific. For more information, visit the Company’s Web site at www.ironmountain.com.

posted in acquisition, press release, events, compliance, competition, financial, eDiscovery | 0 Comments

21st October 2008

eWeek: 5 Technology Businesses Poised to Boom in the Financial Crisis

According to eWeek the following 5 businesses are poised to boom during the current financial crisis:

Read the full article at:  http://www.eweek.com/c/a/IT-Infrastructure/5-Technology-Businesses-Poised-to-Boom-in-the-Financial-Crisis/

posted in financial, search, eDiscovery | 0 Comments

18th October 2008

15 million dollars to provide a few emails?

Someone needs to talk to these folks and offer them some tools that can do it much cheaper

Source http://www.msnbc.msn.com/id/27228287/page/1/

Sarah Palin’s office has discovered a renewable resource to bring millions of dollars into Alaska’s economy: the governor’s e-mails.

The office of the Republican vice-presidential nominee has quoted prices as high as $15 million for copies of state e-mails requested by news organizations and citizens. No matter what the price, most of the e-mails of Palin, her senior staff and other state employees won’t be made public until at least several weeks after the Nov. 4 presidential election, her office told msnbc.com on Thursday.

How did the cost reach $15 million? Let’s look at a typical request. When the Associated Press asked for all state e-mails sent to the governor’s husband, Todd Palin, her office said it would take up to six hours of a programmer’s time to assemble the e-mail of just a single state employee, then another two hours for “security” checks, and finally five hours to search the e-mail for whatever word or topic the requestor is seeking. At $73.87 an hour, that’s $960.31 for a single e-mail account. And there are 16,000 full-time state employees. The cost quoted to the AP: $15,364,960.

And that’s not including the copying costs. Although the e-mails are stored electronically in Microsoft Outlook and on backup servers, and although a blank CD-ROM costs only 41 cents at Capital Office Supply in Juneau, the governor’s office says it can provide copies only on paper.

Why? Because lawyers need printouts so they can black out, or “redact,” private or exempted information. That task is more difficult because Palin and her senior staff have used government e-mail accounts for some personal correspondence, and personal e-mail accounts for much of their government correspondence. The photocopies of those printouts will be a relative bargain, only 10 cents a page. A state administrator said he understood that such redaction could be done electronically, but that state offices weren’t set up to do that.

That process of deleting information is likely to be so lengthy that most requestors won’t be able to see the records until well after the next president and vice president are chosen, Palin’s office said.

E-mail sent between the governor’s staff and their private Yahoo e-mail accounts won’t be collected until Oct. 31. Searches will take an additional two weeks, until Nov. 14. And then the legal review of each e-mail will begin. There’s no telling how long that will take, because no one knows how many e-mails there are, wrote Linda J. Perez, administrative director for the governor, in a letter she sent to the state attorney general seeking approval for a delay.

A small victory: Copies of the requests themselves
Msnbc.com did receive from Palin’s office copies of all the public records requests filed since she was inaugurated, and the replies from the governor’s office. Palin took office in December 2006, after seeking office on a platform of clean and transparent government.

The price quotes reveal that Palin’s office has repeatedly tried to charge different news organizations the cost to reconstruct the same e-mail accounts of the governor, her senior staff and other employees. Each time an e-mail is requested, the office quotes the same cost of $960.31 for 13 hours to recover and search each employee’s e-mails.

NBC’s price quote for e-mails sent to Todd Palin: $15 million.

The AP’s price for e-mails between state employees and the campaign headquarters of Republican presidential nominee Sen. John McCain: $15 million.

And the AP again, for e-mails between state employees and the National Park Service (on polar bears, wolves and other topics): $15 million.

The AP’s news editor in Anchorage, Mark Thiessen, told msnbc.com he wasn’t authorized to say whether the AP, a nonprofit cooperative owned by newspapers, planned to pay the $45 million for e-mails.

You can read all the requests for records, and the responses of Gov. Palin’s office in this PDF file.

The employees in the governor’s office have been polite and responsive in fulfilling the request by msnbc.com for all the public records requests and replies. The charge was only $37.70 for photocopies, and the administrative coordinator, Michelle Fabrello, dashed out the door to make sure the package got in the overnight mail delivery.

No free passes
Palin’s office hasn’t always interpreted state law in favor of public access. The Alaska law on public records does not require it to charge any fee for public records, although a fee is allowed if the processing would take five hours or more. The state law says all fees may be waived if the information is used for a public purpose, such as journalism or academic research.

But the governor and the Law Department have been waiving fees only when they are just a few dollars. The state has not been granting requests to waive the fees in the public interest, because it has not been considering those requests.

The records released to msnbc.com show that the state is charging for e-mails at the same hourly rate that it charged before Palin was chosen by McCain on Aug. 29. Only the scale of the requests has changed, and now most requests come from out of state. (State law does not require requestors to be residents.) There are some in-state requests, including the local news organizations, the Democratic party and several citizens. The state employees union, which had filed an ethics complaint against Palin in the inquiry known as Troopergate, was told it would have to pay $88,000 to see e-mails for a list of employees in the governor’s office.

Even before interest in Palin went national, large and small news organizations in Alaska have been dissuaded from seeking public records from her administration, because of the cost. Voice of the Times, a conservative online news site, was quoted a price of $1,250 in May to retrieve e-mails from the accounts of two top aides to the governor, Ivy Frye and Frank Bailey. “Please cancel my request for public records,” editor Paul Jenkins wrote to the governor’s administrator. “We have a limited budget here and paying $1,250 in fees for people who already are on the state payroll is ridiculous.” The newspaper announced this week it will shut down at the end of October for lack of money.

A weekly paper, the Anchorage Press, was told it would have to pay $6,500 for e-mails of Palin and three aides relating to the lieutenant governor. The request was withdrawn, with the newspaper offering the apology. “”Hi Linda - wow, that’s an expensive request I made,” reporter Brendan Joel Kelley wrote to state administrator Linda Perez. “In that case, I definitely don’t want to waste 60 hours of the state’s resources, whether we had the fee waived or not. Consider the request withdrawn. I had supposed/hoped that an electronic records request would be fairly simple.”

A similar situation was settled in Missouri this week. Gov. Matt Blunt agreed to turn over e-mails, at no cost, a year after three news organizations sued for the records. Blunt’s office at first had quoted thousands of dollars in fees for the e-mails about his firing of a deputy general counsel. And in New Jersey earlier this year, a state judge ruled against Gov. Jon Corzine, who wanted to keep private his e-mails with a union leader, his ex-girlfriend. Blunt is a Republican, Corzine a Democrat.

 

State employees overwhelmed
Since Palin was chosen by McCain, state employees have been overwhelmed by hundreds of public records requests sent to the governor’s office and other agencies, said Kevin Brooks, deputy commissioner of the state Department of Administration. There’s been no attempt to delay release of public records about the governor until after the election, he said. Many records requests have been fulfilled, forming the basis of news stories and online archives such as the one growing at governmentattic.org.

But e-mails have been much slower to emerge through the tight window of nine weeks from Palin’s selection until the election.

“I’ve had my information technology folks working nights and weekends. These people are not doing their regular jobs anymore,” Brooks said. “We used to get several records requests for e-mail in a week, or a month. Now it’s literally hundreds and hundreds. It’s gone exponentially off the charts.”

 

 

After msnbc.com challenged apparent double billing, Brooks said he was going to try a new approach: assembling the e-mail files a single time, without charging requestors for that time. But that still leaves the search and copying costs.

“Hindsight is 20-20,” Brooks said. “If we could do it over again, we would have loaded it all up and done these requests.” Still today, he said he was not considering taking a more active approach, posting online for the public all of the governor’s e-mails.

Brooks said he was also rethinking that rate of $73.87 an hour. That cost is not the actual salary of any particular employee. At that rate, an employee would be making about $144,000 a year. Instead, the state has been charging the public and news organizations the same rate that the state Enterprise Technology Services group charges other state departments, as a cost-shifting mechanism on state budget forms.

Alaska law does allow the state to charge for an employee’s time for recovery of records. Brooks said he thought the actual cost would be between $50 and $60 an hour, including benefits and a share of the department’s overhead costs.

As for the estimate of up to five hours to search e-mail for a single word or phrase, Brooks said he was just passing along the estimate from the technical staff.

‘A heckuva lot’ of data
“Why five hours? I’ve asked repeatedly, and that’s what they say it will take,” Brooks said. “We’re talking about 5 terabytes of compressed data. I don’t know what a terabyte is. I just know it’s a heckuva lot.”

Brooks said the state has Outlook on the desktop computers of employees, and that a search of those e-mails would take only a few seconds. But he said most e-mails are on journal servers, which hold e-mail for many employees, and that older or deleted messages might be on archival servers. “The point is we have three sources. We pull from those three and download to a storage device we can search. The process is not simple.”

The courts have given the Palin administration a nudge toward open records. A state judge ruled this week that the state must retrieve public e-mails sent between state accounts and the private e-mail accounts used by the governor and other state employees.

Having a private e-mail account, by itself, is not unusual or unethical, because state employees are forbidden to carry out political activities on government accounts. That’s the reason given for Palin’s habit of punching away on two separate Blackberry devices. But a citizen request earlier this year yielded hundreds of heavily redacted e-mails from the governor’s office, which suggested that Palin and her staff had chosen to move most of their government conversations off the radar, to their Yahoo accounts. News reports then led to public curiosity and the hacking of one of Palin’s Yahoo accounts, for which a college student in Tennessee, the son of a Democratic legislator, has been indicted.

Brooks said the state doesn’t know yet how much e-mail it can recover from Yahoo, in cases where one state employee on a personal account e-mailed another on a personal account.

But the state probably can recover e-mails sent between government and personal e-mail accounts, he said. At least 18 public records requests have been filed for some or all of those e-mails. The requestors include Mother Jones magazine, the AP, NBC, the Anchorage Daily News, the Juneau Empire, msnbc.com, CNN, the Alaska Democratic Party, and several citizens, including Andree McLeod, whose request for the Yahoo e-mails was upheld by the court. Msnbc.com, for example, sought all e-mails sent or received by the governor and a dozen top aides between their state accounts and the personal e-mail accounts of themselves and others. The request included e-mail sent to Palin’s husband, Todd, who has been active in policy and political discussions. The state quoted a price of $11,000 for all the e-mails sought by msnbc.com, which apparently won’t be available until after the election.

To respond to those requests, the state is pulling together all the e-mails sent or received by  51 employees, including Palin, her senior staff, members of the Cabinet, the governor’s assistants and schedulers, and key staff involved with the pipeline proposed to bring natural gas from Alaska’s North Slope, the governor’s office said Thursday. It sought the attorney general’s approval to delay the search of the e-mails until mid-November. Later Thursday, the attorney general, Talis J. Colberg, sent the requestors a letter offering them a chance to be heard before he rules on that request.

‘The hottest thing right now’
Many states have had battles with news organizations and citizens over the fees charged for access to the public’s records, particularly for electronic records such as e-mails.

News organizations have often claimed that the fees are used as a tollbooth to discourage requests, and that requests are delayed until interest in a public issue or candidate has long passed.

Federal law is more favorable. The federal Freedom of Information Act will change in January to penalize agencies for delay. After January, if an agency takes more than 20 days to respond to a request, it can’t charge any duplication fees to individual requestors.

Nationally, access to e-mails of government employees “is the hottest thing right now in open government,” said Lucy Dalglish, executive director of the Reporters Committee for Freedom of the Press, a nonprofit that helps journalists obtain public records. “Most judges are interpreting the laws that if you use your private e-mail for state business, that’s a public record.

“Many public officials thought e-mail was more like a phone call, but it’s more like a letter. You type those words, those are like documents. It doesn’t matter if you used a piece of paper from your home or stationery from your office. The form doesn’t matter.”

posted in financial, eDiscovery | 0 Comments

10th October 2008

Sign of the times? Plasmon UK goes into administration


From: http://www.theregister.co.uk/2008/10/08/plasmon_in_administration/

Plasmon has placed its UK and Europe operation in administration as it negotiates with an investor who it hopes will refinance and take over its core archive business.

Plasmon has said that staff from Kroll’s Corporate Advisory and Restructuring Group were appointed as Joint Administrators on Monday, 6 October.

There are, in effect, two parts of Plasmon: Plasmon Inc, the US operation, which a subsidiary of Plasmon Ltd, the original UK operation. There are several business units involved in Plasmon Ltd., for example in CD and DVD mastering in France, and in UDO media research in Cambridge.

A person familiar with the situation said that about a third of Plasmon Ltd’s staff were made redundant. The software and UDO media teams have been hardest hit. They were judged unimportant compared to the core archive business, and are being closed down during ongoing negotiations with the (presumably) US firm interested in taking over the parts of Plasmon it wants.

Plasmon’s statement said the Administrators: “are continuing to trade the Company’s UK and European sales and marketing division alongside the continuing operation of the Company’s US subsidiary, Plasmon Inc. This enables the ongoing sale and support of Plasmon products worldwide whilst a going concern sale of the business is explored. The Administrators are presently in discussions with a number of interested parties and are hopeful that a sale of the remaining business can be achieved in a relatively short time frame.”

This sounds like the Administrators are in control but, in essence, its Plasmon CEO Steve Murphy’s team who are doing the negotiations with the, potential investor and telling the administrators what they can and can’t use from Plasmon Ltd, the overall parent company. The prospects of the administrators realising any value at all from the unwanted parts of the business are remote.

They in fact believe that there is unlikely to be any value realised at all for Plasmon shareholders. That means Hanover Investment Partners, Amvescap and the other investors have lost their shirts as the US investor gets the core archiving business for nothing, except a large slug of funding needed for product development and working capital, thought to be in the $20 million area.

Investors losing out include BT Pension Scheme Trustees and Royal Mail Pensions Trustees, which will be unwelcome news for their pensioners and savers.

Another person close to events says the administration process is not surprising, it just being part of the process by which a viable Plasmon archiving business can be created. This process could even complete in just a few days time.

Plasmon’s own UDO optical media format’s generational roadmap may now be limited in scope if UDO media research is disbanded.

According to sources, the remaining Plasmon Ltd. staff are clinging on from week to week waiting to see if they will be needed in the new Plasmon.

Watching a viable business trying to emerge from amidst the ravaged remains of an old one under the pressure of dramatic financial events is not a pretty sight. It is amazing, reassuring even, that rescue and refinancing talks are ongoing at all. ®

posted in financial | 0 Comments

16th September 2008

Financial markets: more or less regulations?

With the complete meltdown of the financial industry I am wondering if there should be more strict rules and regulations or if we should let the free market play here.

On one end .. any sane person could see a collapse of the housing market coming (after all .. what risk is there to give a mortgage to people who have no job right?) …

We already have some rules for the SEC geared towards insider trading (NASD3010 and 3110) .. maybe we need some more to monitor other operations ?

Thoughts / comments ?

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19th May 2008

Mimosa Systems raises 17M in funding

Source: http://www.byteandswitch.com/document.asp?doc_id=154061

Archiving specialist Mimosa has scored $17 million in funding to expand its global presence and overhaul its NearPoint software.

The round, which was led by Focus Ventures, also included August Capital, Clearstone Venture Partners, and Mayfield Fund. It brings Mimosa’s total funding to $51.5 million.

 

“We’re using this money primarily for global expansion,” says T.M. Ravi, the Mimosa CEO, explaining that the vendor will be targeting the U.K., Germany, China, Australia, and Japan. “It’s to add sales, pre-sales support, and professional services staff in all regions.”

As part of this effort, Mimosa will add up to 45 employees to its 185-strong workforce by the end of the year, according to the CEO.

The vendor is also planning to open up its NearPoint offering to third-party applications later this year. By opening up the software’s APIs, T.M. Ravi expects to boost the product’s eDiscovery capabilities.

“There’s literally 50 to 75 product and services vendors in ediscovery,” he says, explaining that this ranges from content analysis to legal case management. The exec would not reveal which vendors will be part of this effort, although potential candidates could include the likes of Kazeon, which recently introduced software for early case and risk assessment.

“We plan to make an announcement at the end of June,” says the CEO, adding that Mimosa has other product enhancements planned for the fall timeframe. “We want to go after a broader market around user-based content and content from collaboration tools.”

This seems likely to mean support for Microsoft SharePoint, something which has been a notable gap in Mimosa’s arsenal.

NearPoint started life as a Microsoft Exchange product, although the vendor has added Instant Messaging, file archiving, and some support for Lotus Notes, which will be enhanced later this year. Rivals Symantec and Zantaz, in contrast, also support SharePoint.

The Mimosa CEO told Byte and Switch that, despite its current lack of SharePoint support, the vendor has managed to rack up over 470 customers, 233 of whom were added in 2007.

One of these customers, Frank McGurk, IT coordinator at Wilmington, Delaware-based accounting firm Siegfried Group says that, more than Sharepoint, he would like to see Mimosa flesh out its mobile messaging story.

“If there’s integration with BlackBerrys, that would be useful,” he explains. “It’s our leadership team and our sales team that mainly rely on them — they are joined at the hip with their blackBerrys.”

Mimosa’s T.M. Ravi denies the suggestion that this week’s funding round was born out of desperation, explaining that the vendor is in no way struggling for money.

“We’re generating cash — huge amounts,” he says, adding that he is even eyeing a possible public offering, although this will not be anytime soon. “We’re driving towards an IPO — it’s hard to say, but [maybe] 2010.”

Whether this happens of not, one thing is for certain: the email archiving market is on an upswing.

Analyst firm IDC estimates that the applications archiving market grew 45 percent over the last year, largely driven by storage and ediscovery requirements. Analysts estimate that the total market for archiving and ediscovery will be worth more than $2 billion by 2011.

 

posted in financial, competition | 1 Comment

9th December 2007

IDC Finds Strong Demand for Archiving and Data Protection and Recovery Software Driving Market Growth in the Third Quarter of 2007

Source: http://ca.us.biz.yahoo.com/bw/071210/20071209005029.html?.v=1

FRAMINGHAM, Mass.–(BUSINESS WIRE)–According to IDCs Worldwide Quarterly Storage Software Tracker, the worldwide storage software market experienced its 16th consecutive quarter of year-over-year growth in the third quarter of 2007 with revenues of $2.8 billion, a 9.8% increase over the same quarter one year ago.

Overall market growth was driven by strong performance in both the archiving and data protection and recovery markets, according to Michael Margossian, research analyst, Storage Software at IDC. Customer demand for storage replication seems to be cooling off, while the need for archiving appears to be picking up.

The archiving market grew 13.6% year over year, driven by e-discovery, regulatory compliance, and overall storage optimization needs. Data protection and recovery, while down from 2Q07, had strong year-over-year growth of 13.1%. This growth was perpetuated by five out of the top six vendors having double-digit growth over 3Q06.

EMC led the overall market with 25.6% revenue share in the third quarter of 2007. Symantec took the second position with 17.0% revenue share, while IBM finished in the third position with 12.4% revenue share. Network Appliance finished in the fourth position with 10.9% revenue share. Again, CA and HP rounded out the top 5 in a statistical tie, with both having a 4.3% revenue share.

Top 5 Vendors, Worldwide Storage Software Revenue, Third Quarter of 2007

(Revenues are in Millions)

 
Vendor   3Q07 Revenue   Market Share   3Q06 Revenue   Market Share   3Q07/3Q06 Revenue Growth
1. EMC   $711   25.6 %   $699   27.6 %   1.7 %
2. Symantec $471 17.0 % $419 16.6 % 12.5 %
3. IBM $345 12.4 % $296 11.7 % 16.5 %
4. Network Appliance $302 10.9 % $231 9.1 % 31.1 %
5. CA $119 4.3 % $114 4.5 % 4.7 %
5. Hewlett-Packard $119 4.3 % $119 4.7 % -0.4 %
Other $708 25.5 % $651 25.7 % 8.8 %
All Vendors $2,775 100.0 % $2,517 100.0 % 9.8 %

Source: IDC Worldwide Quarterly Storage Software Tracker, December 2007

Notes: Starting in Q2 2007, IBM is reported as the combined entity of IBM and Softek.

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9th August 2007

Vendor Selection Part 2 - Financial Stability

This is part two of the vendor selection series.  After I discussed data ownership the financial stability of the vendor you might choose or at least put on your short list is also important.  The reason for this is that archiving and compliance products will become a vital part of your organization and you preferably would plan to keep that system around for quite some time.  Moving from one vendor to another, as I briefly discussed in the earlier post, is a lengthy and costly exercise.

 Financial stability is key .. you want a vendor that will be around for some time .. that way you won’t end up with a system that might have all your organizations IP and compliance information in it without any support.  An example of an archiving vendor who’s future I think is really grim and one that is ready for the archiving graveyard is AXS-One.  AXS One was placed in the Visionary quadrant by Gartner earlier this year, however their financial record has been extremely rocky.  Last week they published their financial numbers and they were pretty shocking.  In short the company has only 2 quarters worth of cash left, only had 500k worth of new revenue and has from what I’ve seen a pretty grim record on profits.  If I were putting together a short list of vendors for my archiving or compliance project .. placing your bet on a company like this is extremely risky. 

So … one of the questions you should ask your vendor :  “Are you going to be around for a little while?”

posted in vendor selection, financial | 1 Comment

30th July 2007

Zantaz’s $375M payday, and its unfortunate back-story

Last month Zantaz was acquired by Autonomy for $375M USD which brought a whole new twist on the archiving market. Historically mostly the storage vendors wanted to be players in this market.  The whole story of this acquisition is told by Venture Beat.

 Despite the nice sounding $375-million price, Venture Beat reports that “terminally ill founder, William Bankert, will end up with only $650,000 or so from the sale.”  The Venture Beat report has details of what it describes as the “company’s board of directors, including ComVentures partner Roland van der Meer, of rigging a fifth round of funding in 2002 to dilute common stockholders.”

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27th July 2007

Email addiction rings in good times for Archiving vendors

This article is one of the many that you can find on the web. It kind of describes more in detail the current need for these solutions. Originally email archiving systems were created because disk space was at a premium (9GB SCSI hard disks for your Exchange Server were top of the line)… these days it is the sheer volume of information.I don’t necessarily agree with the financial numbers though of the industry. Radicati’s numbers are always highly bloated. My estimate is that the worldwide email archiving revenue for 2006 was under 750M USD (which is on the high side of my estimates). Estimates are that market leader Symantec was responsible for about 140M of that number.

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