Nimble storage lawsuit netapp6/17/2023 ![]() ![]() More than 5,000 enterprises, governments, and service providers have deployed Nimble's flash storage solutions across 38 countries. ![]() At the core of the Adaptive Flash platform is the patented Cache Accelerated Sequential Layout (CASL) architecture and InfoSight, an automated cloud-based management and support system that maintains storage system peak health. At the same time, Nimble delivers superior data protection, while simplifying business operations and lowering costs. ![]() Nimble's flash storage solutions enable the consolidation of all workloads and eliminate storage silos by providing enterprises with significant improvements in application performance and storage capacity. Nimble Storage ( NYSE: NMBL) is redefining the storage market with its Adaptive Flash platform. District Court, Northern District of California and Santa Clara County Superior Court on March 23, 2015.įollow Nimble Storage on Twitter: Nimble Storage on LinkedIn Both cases were formally dismissed with prejudice by the U.S. This article originally appeared at crn.The terms of the settlement are confidential and are not material to Nimble's financial statements. Nimble Storage executives were unavailable to comment further at press time. The company in its SEC filing said it is evaluating implementing a distribution channel to better manage its solution provider relationships. Its top-10 channel partners in 2012 accounted for 37 percent of total revenue, with CDW accounting for 10 percent of its revenue in the nine months ended 31 October. On the channel side, Nimble Storage currently boasts 780 solution provider partners. Nimble Storage in its SEC filing said net losses in the nine months ended 31 October reached $30 million, well above the pace it set in 2012 when it posted a loss of $27.9 million. The company also acknowledged in its filing that it may have shipped appliances internationally contrary to US government regulations regarding sales of products featuring encryption.Īlso, despite strong revenue growth, with sales for the nine months ended 31 October reaching $84 million compared to $53.8 million for all of 2012, the company's losses are mounting. Nimble Storage also said in the filing that Crossroads Systems has asked it to license certain patents to avoid infringing on them. While Nimble Storage celebrates its successful IPO, not everything is going its way.Īccording to Nimble Storage's 11 December SEC Form S-1/A filing, the company is currently the defendant in a lawsuit brought by NetApp over alleged theft of intellectual property by three former NetApp personal now at Nimble Storage. Nimble Storage, which in September of 2012 closed its final funding round to bring funding in the company to $98 million, had been expected to do an IPO for some time. The company's Cache Accelerated Sequential Layout (CASL) architecture allows the building of storage arrays with up to 36 TB of raw flash storage and spinning disk capacity and such functions as dynamic caching with sub-millisecond latency, compression of data by up to 75 percent, thin provisioning, scale-out clustering, instant snapshot and recovery, and replication of data over a WAN. Nimble Storage hybrid solutions integrate high-performance flash storage technology with high-capacity hard disk drives, which allows customers to increase performance, capacity or both. Near the close of trade, share prices were up nearly 60 percent. That valued the company at over $2.2 billion. Friday the 13th was a lucky day for Nimble Storage, which saw its share prices soar by over 50 percent on the day it held its IPO.Ĭalifornia-based Nimble Storage, trading on the Nasdaq exchange under the NMBL moniker, raised $168 million (A$187.4 million) in one of the most successful IPOs of 2013 with an opening share price of $31.49, or 50 percent over its IPO price of $21 per share. ![]()
0 Comments
Leave a Reply. |