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By | Chris Mellor 9th April 2010 22:36

Nexsan postpones IPO - again

Hello, is the recession back?

AutoMAID spindown storage startup Nexsan has postponed its planned IPO due to poor market conditions.

This comes days after Compellent, another supplier of storage to small and medium enterprises had to drop its revenue guidance for the first quarter of the year. This is Nexsan's second IPO attempt, and we'll have to wait and see if pulling it is temporary or not.

More Reading

Nexsan adds NAS range topper Nexsan plays catchup with flash-cached storage controller Has Compellent caught a cold? Nexsan tries for IPO - again Compellent could rise into Gartner's leader box

That's $55m Nexsan will now have to do without. Wasn't the recession supposed to be ending? ®

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