With New CEO And Huge Equity Investment, StorageCraft Looks To New Future
The data protection software industry is extremely competitive, with pure-play software vendors, cloud-based vendors, hardware vendors and any combination of the three jostling to be the backup and recovery supplier of choice.
One of those vendors, StorageCraft Technology, has an opportunity to gain revenue and share, thanks to a $187 million investment from TA Associates, a private equity firm which is now the company's largest shareholder. Along with the investment, the company also got a new chairman and CEO in Matt Medeiros, who is best-known as the president and CEO of SonicWall before that company was acquired by Dell.
CRN spoke to Medeiros about the investment and how it will change StorageCraft and its channel.