While some continue talking about a potential ‘tech bubble,’ the NetApp and Solidfire acquisition, as well as Nutanix’s recent IPO announcement, show that startups continue to create real value for their shareholders. Specifically, these exits bode well for Scality, as they show the level of disruption in the storage space. While in traditional IT, storage is split between SAN and NAS, in the digital age, storage is really either in the form of Cloud Storage, or on-premise storage, with on-premise storage being split between latency sensitive storage (like Solidfire and Nutanix) and capacity driven storage (like Scality). In the huge transformation which is touching almost every sector of the economy, enterprise are buying less of traditional IT, and more of the new technologies, be it all-flash or software-defined storage. Those who continue to whisper about another dot-com bubble have short memory. In the dot-com days, companies were highly valued with just a business plan, today's unicorns have real customers and real revenues. A big difference.
– Jérôme Lecat, Scality CEO
Biting the hand that feeds IT
