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Monday, April 28, 2008
Nexsan Files For IPO
Thousand Oaks-based Nexsan, a provider of enterprise storage arrays, has filed for an IPO, according to a filing with the SEC Friday. Nexsan said it is looking to raise up to $80.5M in an IPO on the NASDAQ Global Market under the symbol "NXSN." The IPO is being underwritten by Thomas Weisel Partners, Lazard Capital market, Needham & Company, and Morgan Keegan & Company. Nexsan reported that it had a loss of $3.0M on revenues of almost $49.8M in its fiscal 2007. The firm is venture backed by VantagePoint Venture Partners, RRE, Gen-e Servicos de Consultoria SA, and others. Nexsan develops storage arrays that use serial ATA (SATA) disk drive and RAID technology, for iSCSI and Fibre Channel storage area networks.
posted on Monday, April 28, 2008
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