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BlueArc Wins $72M Round: Page 2 of 2

Competitors at both Network Appliance and EMC have had few public comments about the company, but one EMC official told Light Reading off the record that they're waiting to see whether BlueArc can produce what it's promised. The product is currently being tested by beta customers.

IDC analyst Robert Gray noted recently that BlueArc's system is "2 to 10 times as good as today's products." BlueArc also counts among its fans technology seer George Gilder, who publishes a Silicon Valley technology report. He proclaimed in his latest report that the BlueArc "revolution" could affect not just the leading storage vendors but also companies like Cisco Systems Inc. (Nasdaq: CSCO), Alteon WebSystems (Nasdaq: ATON) (Nortel), and Extreme Networks Inc. (Nasdaq: EXTR) that sell equipment to balance loads on storage networks.

James B. McElwee, general partner of Weston Presidio said, "In BlueArc we found a company possessing a unique combination of technology and management committed to delivering network storage systems designed for the optical age." Coinciding with the completion of this round of funding, BlueArc announced that McElwee has joined BlueArc's board of directors. Jo Maitland, Senior Editor, Light Reading http://www.lightreading.com