by Scott Tyler Shafer

Storage Networks goes bye-bye

news
Jul 31, 20031 min

Reuters is reporting that StorageNetworks has shut its doors and has fired most of its workers. Remember them? They had a rockin’ IPO back in the dot.com heyday and once saw their stock trade in the $140 per share range. Well a few years back they changed their model to be an ISV. Clearly, they weren’t successful enough in making that transition.

I’m not going to say their product was bad, but others may. I will say though that the storage management software market is and was and will remain difficult for some time. With that said I imagine we’ll see a few other storage management providers go away too. Bye Bye StorageNetworks. Rest in peace.