Date: Monday , November 03, 2008
The technologies in corporations are like cement, which is hard to change. However, while 1000-pound Gorilla – Amazon beating the drums and creating awareness on cloud storage services for the last few months, ParaScale CEO Sajai Krishnan eyes a fair share in a roughly $15 billion market. While Amazon offers a service, ParaScale is essentially packaging the secret sauce into a pure software offering. The Cupertinobased company’s t solution named ParaScale Cloud Storage (PCS) software, aggregates storage across multiple standard Linux servers to provide one highly scalable storage cloud, with massive capacity and parallel throughout. Files are accessible via 100 percent standard file-access protocols (NFS, HTTP, FTP), which means that applications don’t have to be modified to use PCS, and installation is easy.
Currently cloud computing represents a sea change in the way IT is architected. With enterprises under severe economic pressure to innovate and cut costs, the cloud storage alternative is one that seems to makes sense. Krishnan finds that the immediate market in the streaming media space is about a billion dollars worth and it will ramp up by about 100 percent every year, and a much larger archival market which though not growing in dollar terms, is going through a radical refresh. With less than 50 employees, the company has raised $11.37 million from venture capital firms Charles River Ventures and Menlo Ventures till now.
ParaScale may just be at the tip of the iceberg as startups and established storage vendors see the profit possibilities in clearly conceived, secure cloud storage technologies. ParaScale, the name being a combination of “parallel” and “scalable”, is on a path to secure, convenient, scalable and available storage, that has never been clearer. ParaScale plans to sell software, to service providers who can deploy public clouds to deliver public storage services over the internet,or to enterprises who can buy it to create their own private clouds behind their firewall.