May 7, 2021

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Born to play

StorCentric CEO Mihir Shah eyes more acquisitions

StorCentric is looking to its Data Mobility Suite and Assureon backup storage assistance as key factors of progress for their business into 2021 and the long term.

The corporation, which has expanded in the past numerous a long time by means of the acquisition of little to midsize storage sellers, failed to allow the international pandemic slow it down in 2020 with its most current acquisition, Violin, late very last year.

In this Q&A, StorCentric CEO Mihir Shah discusses his plans for the corporation into 2021, likely acquisitions in the long term and the mother nature of StorCentric’s business in the a long time to occur.

What’s the most current with StorCentric?

Mihir Shah: As you know, 2020 was a outrageous year for most people. A ton of organizations were being down, like ours. We built a final decision as a team to double down on the market place. We feel there are a few potent tailwinds in our marketplace that are truly encouraging our business in 2021.

One particular is data carries on to mature. … Not only does it proceed to mature, it carries on to mature in a siloed format. Second piece is, we know ransomware is on the increase and it is really developing by means of the roof. … The third piece of this is dispersed storage. The phenomenon of operate from property has pushed corporate data to the edge, if you will.

With these a few points occurring out in the marketplace, how do you make options to address them? We truly feel we have a very good portfolio now.

Mihir Shah

Is StorCentric looking into cloud products and services into 2021?

Shah: We just introduced our initial cloud-enabled assistance, the Assureon cloud. Which is our secure, non-public ransomware solution. We will commence to Cloudify some of these software storage products and services.

We got our Data Mobility Suite, DMS, that is cloud-integrated. We’re truly transferring extra towards a hybrid-type architecture. Specifically, what our prospects are looking to do.

We want to be the fellas who occur out and say, ‘Hey glimpse, we know that cloud is an integral portion of companies’ infrastructure, but how do you work it in a hybrid environment?’ Which is what our options are targeted to. We are looking at some acquisitions close to offering a cloudlike assistance for our prospects. That will proceed to engage in a concept in how we glimpse at the market place.

You had mentioned ransomware options as a focus into 2021. What are some of individuals solutions?

Shah: We introduced a product or service known as the Unbreakable Backup. We took the IP that we have and created this product or service we have for the marketplace.

That has been a incredibly speedy-developing segment for us. We introduced that in May perhaps of very last year and we have now shut 8 to ten incredibly large offers in the business space. Which is a incredibly one of a kind solution we really don’t feel any person else has in the marketplace.

We are looking at some acquisitions close to offering a cloudlike assistance for our prospects.
Mihir ShahCEO, StorCentric

What’s the long term for the five different brands less than the StorCentric label?

Shah: The present thinking is Violin and Vexata will in all probability fold into the Nexsan brand name. The Nexsan brand name has a incredibly very good standing in our greatest prospects. You can commence to see that information occur out above the upcoming six months. We program to retain some of the software increased-stage brands less than StorCentric.

From an integration standpoint within the corporation, post-acquisition we generally combine the acquisition rather quickly. We retain the brand name close to for a minimal little bit, so it gives us time to transition it into the brand name we want it to be.

What about for the conclude people of these solutions? Will these variations be painless?

Shah: The suffering is extra on our conclude. Operationally, they are not going to notice any distinction other than the logo on their administration interface.

What about blockchain and other dispersed storage products? Does StorCentric have implementations in the works?

Shah: Our Assureon design has what we call a non-public blockchain. It fingerprints just about every file that moves again and forth. It truly is extra or less confirmatory in the eyes of another person who is carrying out an audit. It truly is a non-public blockchain-like technological know-how.

We have healthcare prospects who, because of to HIPAA, want to have a chain of custody on who’s touching a affected individual file. This distinct technological know-how retains an audit trail.

Are there further acquisitions prepared for this year?

Shah: We’re regularly analyzing in the framework what is the upcoming data administration assistance we want to increase on to that system? Items like, disaster get better as a assistance. How do we accelerate our recurring income stream?

We’re commencing to glimpse at hyper-converged infrastructure that helps make feeling for us. We’re getting a glimpse at points like administration interface. How can we increase our time to market place to produce that? Do we just receive that or produce parts of it? We’re looking at other software-defined options close to object storage.