Brocade appoints new CEO
Switch vendor Brocade Communications Systems Inc., announced that the Board of Directors has appointed Michael Klayko to the position of CEO and as a member of the Board of Directors. Greg Reyes, Brocade chairman and CEO since 1998, remains as a director and will serve as an advisor to the Board and the new CEO, focusing on customer and strategic matters. Klayko's appointment as CEO follows one year as Brocade's vice president of worldwide sales. Klayko joined Brocade in January 2003, when the company acquired Rhapsody Networks, where he was CEO and president. Before founding Rhapsody, Klayko held executive management positions with McData, and senior sales and marketing management positions with EMC, HP and IBM.
Sanrad upgrades iSCSI V-Switch
Sanrad Inc., a provider of iSCSI SAN products, announced the release of Version 2.2 of StoragePro Software Services for its Sanrad iSCSI V-Switch product line, giving network and storage administrators a SAN management toolset to simplify the deployment and administration of scalable IP SANs. StoragePro is agent and license free, and operates within the iSCSI V-Switch. It gathers all Fibre Channel, SCSI and iSCSI storage resources connected to the V-Switch into a single pool. From these pooled resources, administrators can define policies and services across all the storage devices, independent of the attachedstorage systems brand, type or protocol.
NSI announces $7M in funding
NSI Software Inc., a developer of data replication technologies and services, announced that it has raised $7 million in Series C funding, bringing the total amount of capital raised by the company to more than $60 million. Provided by existing investors ABS Capital Partners, a private equity firm focused on investing in established and profitable growth companies, the funds will be used for rapid growth and expansion of product development and its international sales channel.
Incipient locks in $20M in funding
Incipient Inc., a provider of intelligent switch-resident storage software, announced it has successfully closed a third round of $20 million in equity financing, bringing total equity capital raised to $55 million. GrandBanks Capital led the Series C round, with participation from existing major investors; Globespan Capital Partners, Greylock, HLM Venture Partners and Sigma Partners. Proceeds of this latest round will be targeted for advanced development, as well as executing on relationships with existing and prospective OEM business partners.
NetEx joins NetApp partner program
NetEx, a provider of data transport products, today announced that it has become a member of the NetApp Partner Program. Membership into the Partner Program will help enable NetApp and NetEx to certify and support each company's products for the benefit of customer data management needs. By joining the NetApp Partner Program, NetEx's HyperIP Application Accelerator product will be tested and validated with NetApp unified storage systems to help ensure that it delivers integrated products that solve customer data management problems.