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Developments of the week in storage
Nirnanix, a cloud service provider, announced today that it has hired a new CEO and brought in new funding. The company hired Scott Genereaux, formerly senior vice president of sales and marketing at QLogic as CEO. And it added $10 million to its funding for a total of $33 million from Intel Capital, Valhalla Partners,Windward Ventures and Mission Ventures.
Genereaux spent 18 years at Hitachi Data Systems as senior vice president of sales, marketing and support. He followed that tenure at DataDirect Networks where he worked in a similar capacity and of late at QLogic.
The future of cloud storage is bright according to Genereaux.
"There is a confluence of multiple factors that are driving customers to adopt public cloud services for their data and content storage needs,” said Genereux. "The need to reduce annual capital expenditures for IT equipment; the need to reduce energy costs across the enterprise; the fact that private data centers are simply running out of physical floor space — coupled with significant advances in virtualization, network bandwidth and security — is leading many emerging and established companies to look to cloud service providers to obtain their IT resources."
Nirvanix offers an end-to-end set of storage services including CloudNas, a gateway to the cloud for files, its content delivery network, called SDN for Storage Delivery Network, and a set of APIs that let developers cloud enable their applications. The company also has it's own hybrid cloud network called hNode.
The company is focused on several vertical areas including financial services, media and entertainment and healthcare.
Nirvanix competes against companies such as Amazon, AT&T and Rackspace although none of them offer a cloud gateway product of their own making. The company also partners with Symantec and CommVault for data protection, Nasuni, Verizon, Arkeia and CloudDrive.
Read more about data center in Network World's Data Center section.