• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Virtualization.com

Virtualization.com

News and insights from the vibrant world of virtualization and cloud computing

  • News
  • Featured
  • Partnerships
  • People
  • Acquisitions
  • Guest Posts
  • Interviews
  • Videos
  • Funding

deadpool

Economy And Failure To Sell Likely To Murder Cassatt, Says CEO Bill Coleman (See Our Earlier Video Interview With The Man)

April 29, 2009 by Robin Wauters 3 Comments

Data center management software firm Cassatt is “close to the end,” stated founder and CEO Bill Coleman in a Forbes article. Coleman is well-known in Silicon Valley, having served as a senior exec in the early days of Sun Microsystems and as one of the co-founders of middleware company BEA systems. The ambitions with Cassatt were huge, but now (after raising $100 million in capital) the company is apparently having trouble even selling itself to one of the majors it aimed to compete with.

From the article:

“The big guys copied my story,” says Coleman. Cassatt, he adds, was upended by a slowing economy and by customers skittish about closing big orders or changing existing ways.

“What frustrates me is my own naivete,” he says. “I thought I could give companies something radical that had a proven return on investment, and they would be willing to change all their companies’ computer policies and procedures to get that. Right now it’s hard to get people to get beyond proof of concept tests or a data center energy analysis.”

And it concludes:

For his own part, though, Coleman says, “I have to think about my people. Then I’m going to a beach for a month to think about what to do next.”

We wish Coleman all the best.

Here’s a video interview we conducted with the man in the Summer of 2008:

PART 1

—

PART 2

Filed Under: Featured, Videos Tagged With: bankrupcy, bankruptcy, bill coleman, capital burning, cassatt, cassatt corporation, data center, deadpool, end, liquiditation, virtualisation, virtualization, william coleman

Unified Network Storage Provider agàmi Folds After Burning Through $45 Million In 6 Months

August 21, 2008 by Robin Wauters Leave a Comment

This isn’t the prettiest of stories: Valleywag and the Mercury News are reporting that unified network storage startup agàmi Systems has left the building. The company is shutting down after raising a lot of money, most recently picking up $45 million in Series C financing.

Back then, the fundraising was led by Advanced Equities (recent reports about this particular VC firm itself have been far from positive either) with participation from current investors New Enterprise Associates (NEA), Kleiner Perkins, APEX Venture Partners, Alta Partners, TIF Ventures and Duff Ackerman Goodrich, and new investments from ITOCHU Corporation and David Stiles (CEO), and was going to be used to ramp up sales & marketing.

Too little, too late, apparently.

More than two weeks after the shutdown, agàmi’s Web site was still up and touting the company as “the leading provider of unified network storage solutions.”

The official word:

“Agami’s board has decided to shut the company down as the efforts to raise further capital didn’t materialize in time. It’s really unfortunate, but that is true,” said Sreekanti. “The company is going through a process of the liquidation of assets, so I don’t have anymore details than that.”

And the reaction from NetApp CEO Dan Warmenhoven:

“You don’t raise $45 million and then get shut down. That doesn’t make sense.”

Agàmi employed between 80 and 100 people, with most in Sunnyvale, some in Hyderabad, India. Questions remain whether Agami had burned through its funds or whether some of agàmi’s investors, pulled back money that was contingent on technology or sales progress.

agami Systems

Filed Under: News Tagged With: agami, agami Systems, deadpool, Kleiner Perkins, shutdown, storage, unified network storage, virtualisation, virtualization

What’s Up At Virtugo Software?

July 2, 2008 by Robin Wauters 4 Comments

We got an interesting comment on our report on Qlusters calling it quits, which points us to the fact that the website of Virtugo Software has been down for some time. Commenter Blocka suspects the company has gone belly-up, since the phones have been disconnected and e-mails remain unanswered.

Virtugo Software had a powerful virtual management suite called VirtualSuite, enabling system administrators to monitor host and virtual servers in real-time as well as optimize the performance of applications running on the servers in the virtual environment. In April 2007, Virtugo was acquired by uXcomm, who changed its name in Virtugo Software, and in September 2007 they shipped an upgraded version of VirtualSuite, which got quite some positive reviews. The company also subsequently raised about $2 million in venture capital.

After that, it got a little quiet around Virtugo Software, with the exception of a Network World review of VirtualSuite in February 2008. Then one of the co-founders left the company to become a Vice President at Computer Associates last March. Apparently, Chris Dickson fled a sinking ship.

We have an e-mail in with the company for a response, and well update this post if we get an answer.

If anyone has more information, get in touch.

Filed Under: Featured, Rumors Tagged With: CA, Chris Dickson, Computer Associates, deadpool, uXcomm, uXcomm Virtugo, virtualisation, virtualization, VirtualSuite, Virtugo, Virtugo Software, Virtugo VirtualSuite

Primary Sidebar

Tags

acquisition application virtualization Cisco citrix Citrix Systems citrix xenserver cloud computing Dell desktop virtualization EMC financing Funding Hewlett Packard HP Hyper-V IBM industry moves intel interview kvm linux microsoft Microsoft Hyper-V Novell oracle Parallels red hat research server virtualization sun sun microsystems VDI video virtual desktop Virtual Iron virtualisation virtualization vmware VMware ESX VMWorld VMWorld 2008 VMWorld Europe 2008 Xen xenserver xensource

Recent Comments

  • C program on Red Hat Launches Virtual Storage Appliance For Amazon Web Services
  • Hamzaoui on $500 Million For XenSource, Where Did All The Money Go?
  • vijay kumar on NComputing Debuts X350
  • Samar on VMware / SpringSource Acquires GemStone Systems
  • Meo on Cisco, Citrix Join Forces To Deliver Rich Media-Enabled Virtual Desktops

Copyright © 2023 · Genesis Sample on Genesis Framework · WordPress · Log in

  • Newsletter
  • Advertise
  • Contact
  • About