Hermes SoftLab, a large Slovenian software developer, has acquired the remaining 49 percent stake it didn't hold in storage resource management (SRM) firm StorScape Inc. from Eurologic Systems.
Hermes SoftLab, based in Ljubljana, Slovenia, has subsequently shut down StorScape's U.S. office in Boxborough, Mass., and moved North American sales and marketing activities for StorScape to the Hermes SoftLab USA office in Mountain View, Calif. An industry source familiar with the company, though, says its staff in California consists entirely of "one technical person."
StorScape was formed in October 2001 as a joint venture of Eurologic and Hermes SoftLab. It has developed an SRM application that was supposed to be geared around the Common Information Model (CIM), which has formed the basis for Storage Networking Industry Association (SNIA)'s vendor-independent storage management specifications (see StorScape Joins Software Parade).
Each company put about $5 million into StorScape, according to Steve Duplessie, senior analyst at Enterprise Storage Group Inc. (Neither Eurologic nor Hermes SoftLab would confirm the amount of the investment.) But as Eurologic's fortunes steadily declined over the past year -- and the company was being forced to make sizeable layoffs -- it decided to pull out of the venture, Duplessie says (see Eurologic Pares Headcount).
"By the time Eurologic figured out their investment was getting pissed away, they were in dire straits all over the place, so they took a piddly million bucks to get out," says Duplessie. [Ed. note: How do you say "jack squat" in Slovenian?]
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.
