Feeds

Nexan hopes to get rich off Beast and Boy wonders

$81m SATA IPO to SEC

SANS - Survey on application security programs

Storage system maker Nexsan Technologies is taking the public leap, today proposing an $80.5m initial public offering to the US Securities and Exchange Commission.

Thousand Oaks, California-based Nexsan specializes in archive-class and power-saving SATA storage with its SEC filing. That figure, however, was mainly conjured to meet basic SEC filing obligations and may change as an actual IPO approaches.

Nexsan says it has no specific plans for the money and will direct the funds towards working capital and general corporate purposes. The company also says it may use the proceeds for potential acquisitions, although it currently has no commitments or agreements to do so.

The company ended fiscal 2007 with a $3m net loss on revenue of $49.8m. A year before, it reported a $5m loss on revenue of $42.8m.

The filing did not specify how many shares the company will sell or its price. Nexsan intends to list its common stock on Nasdaq under the symbol "NXSN." ®

3 Big data security analytics techniques

More from The Register

next story
This time it's 'Personal': new Office 365 sub covers just two devices
Redmond also brings Office into Google's back yard
Kingston DataTraveler MicroDuo: Turn your phone into a 72GB beast
USB-usiness in the front, micro-USB party in the back
IBM rides nightmarish hardware landscape on OpenPOWER Consortium raft
Google mulls 'third-generation of warehouse-scale computing' on Big Blue's open chips
It's GOOD to get RAIN on your upgrade parade: Crucial M550 1TB SSD
Performance tweaks and power savings – what's not to like?
AMD's 'Seattle' 64-bit ARM server chips now sampling, set to launch in late 2014
But they won't appear in SeaMicro Fabric Compute Systems anytime soon
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mainstay ROI - Does application security pay?
In this whitepaper learn how you and your enterprise might benefit from better software security.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.