Nimble Storage, a provider of data storage, backup and disaster recovery appliances for small and medium businesses, has filed for an initial public offering of its common stock, for which it is planning to raise up to $150 million.
The Nimble Storage platform uses hybrid storage (accelerated by caching active data to flash storage) to facilitate quick data backup and restores. It also features application-integrated data protection, and offsite disaster recovery.
Last month, Nimble Storage launched its “SmartStack” converged infrastructure solution leveraging Oracle Linux, Oracle VM, and Oracle Database, running on Cisco Unified Computing System. This solution provides organizations with the ability to meet Oracle Database performance demands and scale without disruption or added capital expenses.
Regarding the SmartStack announcement, IDC Storage research director Eric Sheppard stated, “Converged and integrated systems have rapidly moved from evaluation environments to deployments running production applications. We’re seeing a very high level of confidence in these types of systems as large and midsized companies leverage integrated systems to decrease time to deployment, reduce downtime, lower operation costs, and improve resource utilization. Nimble Storage’s expansion of their SmartStack offering helps to ensure they can capitalize on this current market movement by offering a larger portion of their current and future customers such benefits.”
How Nimble Storage does in meeting its IPO valuation goal may provide indications on investor interest in the data storage solution marketplace. The number of Nimble Storage shares to be sold and share price are undetermined at this time.
Last month, a number of businesses related to the hosting ecosystem filed for an IPO including fiber-optics provider Applied Optoelectronics, VoIP phone systems provider RingCentral, and enterprise flash-based storage provider Violin Memory and data center developer QTS Realty. DIY website builder and hosting platform WIX also announced its intention to raise up to $100 million in an upcoming IPO on Nasdaq.