Then, in February 2001, CMGion's investors scrapped its original business model and ousted the management team. It was renamed ProvisionSoft, and Joe Maloney, a former Microsoft Corp. (Nasdaq: MSFT) marketing manager, was hired as president and CEO.
In October 2002, Maloney and VP of marketing Michael Gross departed the company, and Reid was tapped to run the show (see ProvisionSoft Founders Cut Loose).
The SRM sector -- once believed to be one of the major growth opportunities in the storage market -- has been hit hard of late, with several players exiting this arena as they've labored to sell their products.
BMC Software Inc. (NYSE: BMC) unexpectedly decided to cease development of its Patrol Storage Manager (PSM) product last month. In January StorageNetworks Inc. (Nasdaq: STOR), the former storage service provider turned software supplier, cut half of its employees and terminated its SRM development.
Meanwhile, two-year-old SRM startup Arkivio Inc. has had difficulty landing customers and appears to be running low on funds (see BMC Folds Storage Unit, StorageNetworks Hacks Self in Half, StorageNetworks Seeks Buyer, and Arkivio Runs Out of Silver).
To realize the benefits of cloud-native software, an application must actually be cloud-native—designed to run in the cloud, interacting with disaggregated cloud services, fully manageable as code—to deliver the expected benefits.
By combining resources and expertise, the AI-Enabled ICT Workforce Consortium will offer a blueprint for how industries can adapt to an AI-dominated future.
IT leaders should heed the guidance of cybersecurity insurance providers who think businesses should prioritize security education, incident preparedness, regular internal audits, and ongoing vulnerability scanning and patching.
