AutoMAID spindown storage startup Nexsan has postponed its planned IPO due to poor market conditions.

This comes days after Compellent, another supplier of storage to small and medium enterprises had to drop its revenue guidance for the first quarter of the year. This is Nexsan's second IPO attempt, and we'll have to wait and see if pulling it is temporary or not.

That's $55m Nexsan will now have to do without. Wasn't the recession supposed to be ending? ®

Related stories

• Nexsan adds NAS range topper (14 November 2011)
• Nexsan plays catchup with flash-cached storage controller (11 August 2011)
• Has Compellent caught a cold? (9 April 2010)
• Nexsan tries for IPO - again (1 March 2010)
• Comment Compellent could rise into Gartner's leader box (17 February 2010)
• Nexsan adds high-availability to dedupe (18 January 2010)
• Compellent extends tiering to SAS (11 January 2010)
• Compellent pulls off a strong quarter (29 October 2009)
• Savvis picks Compellent for public cloud service (13 October 2009)
• Nexsan and Falconstor outspin Data Domain (11 August 2009)
• Nexsan to uncage SATABeast 3 (23 July 2009)
• Nexsan unparks iSCSI attack on EMC and NetApp (23 February 2009)
• Nexsan breaks up archive for faster search (6 October 2008)
• Nexan hopes to get rich off Beast and Boy wonders (25 April 2008)