A Small Storage Company Purges Its IPO Demons

For many companies, completing an initial public offering is the fulfillment of an entrepreneurial dream. For storage maker Isilon Systems (ISLN), an IPO was the start of a nightmare.

The Seattle-based company got closer to righting itself after a rough few years on Thursday by eking out a modest profit, the first in the company’s history. Isilon, which makes storage hardware and software used in such data-heavy projects as the production of “Avatar” and the Olympics, said it earned a profit of $140,000 on revenue of $37.5 million for the quarter ending Dec. 31, compared to a loss of $4.3 million on revenue of $31.8 million in the year-earlier period.

The figures are another sign that businesses are slowly starting to spend again on information technology, even with some smaller companies like Isilon.

Read the rest of this post on the original site


Must-Reads from other Websites

Panos Mourdoukoutas

Why Apple Should Buy China’s Xiaomi

Paul Graham

What I Didn’t Say

Benjamin Bratton

We Need to Talk About TED

Mat Honan

I, Glasshole: My Year With Google Glass

Chris Ware

All Together Now

Corey S. Powell and Laurie Gwen Shapiro

The Sculpture on the Moon

About Voices

Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Websites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other websites, and for clarity’s sake, all outside posts run against a pink background.

We also solicit original full-length posts and accept some unsolicited submissions.

Read more »