Group items tagged

"Venture capital (VC) firms will go to great lengths to convince the most promising tech founders to accept their deals so they can get their hands on that all-important slice of equity. Some of them will offer introductions to important people in their network, while others will offer hardcore engineering support and a cool place to work. The very best advice, swanky dinners, and even the odd CEO retreat are also up for grabs if you sign a term sheet with us, they might say. But Vineet Jain, CEO and cofounder of cloud storage firm Egnyte, which has raised $62 million (£43 million), believes many VCs overpromise. Speaking to Business Insider by phone on Tuesday, Jain said: "Most VC firms say we give you more than money. That's complete hogwash." Egnyte, which competes with Box and Dropbox, has been backed by Google Ventures, the venture capital arm of Google, and Kleiner Perkins, a well-known Silicon Valley investor with billions at its disposal. Jain, whose company is based over the road from Google in Mountain View, was quick to say that Google Ventures is unlike many other venture capital companies. "They were instrumental to us," he said, adding that the firm helped Egnyte to improve its web user interface and assisted with the company's marketing efforts. Egnyte has also integrated its cloud storage platform - used by 15,000 companies - with Google's own cloud platform, Google Drive. Unlike Box and Dropbox, who have raised $558 million (£385 million) and $1.1 billion (£760 million) respectively, Egnyte is on target to be cash flow positive by the third quarter of this year. "I refused to have a free version of Egnyte," said Jain. "Look at where I am today.""

"As reviewed by Tom's IT Pro, Egnyte's enterprise file sync solution has three aspects: Cloud File Server,  Storage Sync and Storage Connect. The alliance/partnership announcements further demonstrate Egnyte's serious intent to compete for the higher-value enterprise market, with unique capabilities fostering expansion beyond commodity-based storage into a hybrid data access platform as communicated by Egnyte's CEO, Vineet Jain."

"Egnyte has been vying with the likes of Dropbox and Box for some time already in the cloud-storage arena, but on Tuesday it jumped on board the "mobile-first" train with a newly revamped version of its enterprise-focused app suite that's aimed squarely at mobile business users. State of the CIO 2015 More than 500 top IT leaders responded to our online survey to help us gauge the state of the READ NOW Now running on the Apple Watch and Windows tablets as well as Android, iOS and other Windows platforms, the new suite of apps is designed to let enterprise users on virtually any mobile device access, manage and share online and offline data from both cloud and on-premises storage. In addition to the expanded mobile-platform coverage, Egynte's new suite includes several new features, including the ability to organize files marked for offline access in a centralized view, thereby making it easier to coordinate offline and online content."

"Highly Available Cold Storage A low-cost, highly-durable and highly available storage service for infrequently accessed data, data archiving, online backup and disaster recovery. Data is available instantly, not within hours or days. With sub-second average response times and 1 cent per GB/month pricing, Cloud Storage Nearline gives you terrific performance at a low cost. Fast, Anytime Access With Cloud Storage Nearline, you get all the benefits of cold storage while your data is immediately available. Store limitless data and get access rapidly through Google Cloud Platform Storage APIs with sub-second response times for data retrieval and 99% availability SLA. Affordable pricing Cloud Storage Nearline provides the TCO benefits usually associated with offline storage, so you can easily backup and store a virtually limitless amount of data. Capacity pricing is just 1 cent per GB/month for data at rest and 1 cent per GB for data retrieval. Switch & Save Get a headstart and reduce the costs of your migration to Google Cloud Storage Nearline by receiving 100PB of free storage1 in Cloud Storage Nearline for up to 6 months. Partnerships & Integrations Leading disaster recovery, backup and hybrid cloud storage providers such as Unitrends, Actifio, Pixit Media, EMC, Commvault and Egnyte have integrated with Cloud Storage Nearline to make adopting Cloud Storage Nearline a seamless experience. Numerous other companies are also available to help you take a new approach to data storage in your own environment."

"he Enterprise File Synchronization and Sharing (EFSS) marketplace is ripe for disruption, but probably not via a huge technological breakthrough of some sort. EFSS options are maturing quickly and it's becoming quite commoditized. Consider that, according to Gartner, there are more than 140 vendors in the space - and that's too many. Sixteen of them meet the criteria for Gartner's Magic Quadrant (MQ) for EFSS. That's probably more than the market needs, but it's likely to be a problem that solves itself. Industry Consolidation Monica Basso, Charles Smulders and Jeffrey Mann, who researched and wrote the Gartner report, expect less than 10 percent of today's stand-alone EFSS offerings will exist by 2018. To be frank, not every vendor in the MQ wants to be classified as an EFSS player. Alastair Mitchell of Huddle has told me that he thinks of EFSS as an "albatross" and doesn't want his company to be known for "shuffling files back and forth." More on that in our next article. Gartner defines EFSS as a "range of on-premises or cloud-based capabilities that enables individuals to synchronize and share documents, photos, videos and files across mobile devices, such as smartphones, tablets and PCs." The analysts noted that "sharing" can take place between coworkers, suppliers, customers and others, mobile devices and as content exchange between apps. "Security and collaboration support are critical aspects for enterprises to adopt EFSS," they wrote. The Gartner analysts also wrote that beyond standard EFSS functionalities, the vendors they selected might offer additional features around mobility, security, administration and management, back-end server integration via connectors to corporate servers (for example, SharePoint) and cloud services, content manipulation, collaboration and more. Software EFSS products may or may not have one main repository. Some products integrate with existing third-party repositories that are deploy