Another day, another acquisition. This time, it’s Data Gravity, another familiar face from Tech Field Day events. According to The Register, Data Gravity was rapidly shedding staff and costs and had almost shut down when it was sold. Now Ben Kepes reports that HyTrust has purchased the company.
The CEO Shuffle is in full force in the IT infrastructure industry. Geoff Barrall, founder and CEO of Data Robotics, recently stepped aside for Tom Buiocchi, and Alex Bakman of VKernel shifted to CTO, bringing in Doug McNary. Now Panasas and ParaScale are replacing their CEOs with industry veterans. The message is clear: The economy is improving, and investors want their portfolio companies to begin growing again.
Yesterday Hitachi Data Systems (HDS) used SNW USA to release information on their proposed cloud strategy, referred to as â€œAgile Cloudâ€. Everyone believes they need a cloud story and clearly Hitachi are no different.