January 24, 2017 7:15 PM ET

Technology Hardware, Storage and Peripherals

Company Overview of Xiotech Corporation

Company Overview

Xiotech Corporation provides storage solutions for virtualized infrastructure and database management systems to customers worldwide. It offers intelligent storage element (ISE) G3 storage arrays for virtualized, online transaction processing (OLTP), and cloud hosting environments; ISE station X for various typical cloud service providers, telecommunications and media, and enterprise data center workloads; ISE management applications and integration software to simplify the operations of data centers and maximize the performance of storage solution; and network attached storage that delivers file-based shared storage and predictable applications. The company also provides desktop virtualizat...

9950 Federal Drive

Suite 100

Colorado Springs, CO 80921

United States

Founded in 1995

Phone:

719-388-5500

Fax:

719-388-5300

Key Executives for Xiotech Corporation

Executive Chairman and Chief Executive Officer
Age: 55
Co-Founder
Age: 72
Chief Financial Officer
Chief Technology Officer and Senior Vice President of Engineering
Senior Vice President of Engineering and Operations
Compensation as of Fiscal Year 2016.

Xiotech Corporation Key Developments

X-Io Technologies Announces Executive Appointments

X-IO Technologies announced two new members have joined its board of directors. Dave O'Callaghan and Mike Wall join the company at a time of renewed momentum, new products and entry into new markets. Dave O'Callaghan has served as vice president of sales in a number of leading technology companies including VMware, Cisco and Hitachi. Mike Wall is a seasoned technology executive with a long history of managing storage startups and launching Intel's storage business.

X-IO Technologies Lays Off 70 to 80 Employees as it Shuts Down its Colorado Springs Manufacturing Operation

X-IO Technologies laid off 70-80 employees last week as it shuts down its Colorado Springs manufacturing operation after failing to secure financing, and will instead focus on selling its data analysis and cybersecurity software. The company notified the Colorado Department of Labor and Employment that it would close manufacturing operation April 29 and lay off 107 employees.

X-IO Technologies’ Storage to Record Data from Bloodhound Project’s World Land Speed Record Attempt

X-IO Technologies announced a new partnership with the BLOODHOUND Project, which aims to set a new world land speed record in 2017. Data from the car will be captured and stored by two X-IO ISE (Intelligent Storage Element) Systems. The supersonic runs will be in one of the most extreme and challenging storage environments - the alkali playa of South Africa. X-IO’s Intelligent Storage Element (ISE) is a modular scale-out storage foundation, which enables customers to build comprehensive storage solutions. Simple and easy-to-use, X-IO’s ISE delivers affordability, performance and availability. X-IO’s approach of ‘ground up‘ engineering is very much in line with that of the BLOODHOUND team. It also selects the best components available and combines them with the most experienced engineering skills to challenge everyday thinking and push technology to its limits.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
January 12, 2017
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