Thursday, August 29, 2013

ServiceNow's Slootman Aligns With Pre-IPO Flash Storage Firm

Frank Slootman, the CEO of San Diego-based ServiceNow, headed up the software developer's very successful IPO last year. Now, a data storage provider, Pure Storage, is hoping to take advantage of Slootman's expertise for its own IPO. Pure Storage, which is based in Silicon Valley, announced the addition of Slootman to its board today, along with a huge, $150M funding. That funding came from T. Rowe Price, Fidelity, Tiger Global, and Sutter Hill, Greylock, Redpoint, and Index Ventures. Pure Storage said it will use the funding to take on storage giant EMC, and also hinted at its own, IPO plans. More information »

---