The New Nu Thing
A group of former NuSpeed/Cisco Systems Inc. (Nasdaq: CSCO) staffers -- recently cut loose after Cisco amputated most of its iSCSI router division -- have formed a new venture dubbed WinStorage (see Cisco Lays Off NuSpeed Team and NuSpeed Duo Departs Cisco).
There's nothing on WinStorage's site yet, since it's only two weeks old. Doug Ingraham, the outfit's VP of marketing, says cryptically that it's targeting "midtier" storage. WinStorage's slogan is "conquer storage complexity." Does the name imply its product plans have something to do with Windows? "Or maybe winning in storage," says Ingraham, unhelpfully.
The company, based in the Minneapolis suburb of Edina, was founded by Ingraham and three other ex-NuSpeeders: Jim Schneibel, ex-VP of sales; Robert Randall, ex-manager of engineering; and Mike Tierney, ex-finance director. The WinStorage crew is currently seeking Series A funding. "We're planning trips out to Sand Hill Road to see the VCs," says Ingraham.
Just remember, guys: It's not 1999 anymore.
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