Reinventing StorageCraft with Analytics
So it turns out you can teach an old dog new tricks! StorageCraft, its balance sheet in great shape after an investment round, is starting to make acquisitions. The idea is simple. Reinvent itself by buying missing portfolio elements instead of relying solely on internal innovation. It’s a way to move “fast fast” as Ross Perot liked to say.
Last week StorageCraft announced it was acquiring the analytical intellectual property (IP) of Gillware Online Backup, a Madison, WI-based vendor. I spoke with StorageCraft executives and this acquisition has the effect of leapfrogging StorageCraft into the hottest part of IT right now – analytics.