Follow the exit sign

We learn lessons from the past and build future on it: let's do once more what worked in the past, it should work again. In France we say "Jamais 2 sans 3", I'm pretty sure you'll get it or as George Santayana said "Those who do not remember the past are condemned to repeat it."

First, Reduxio Systems just appointed Mike Wall as chairman. We understand the influence of his recent track record having sold Atempo to ASG in 2011 when he was CEO and Amplidata to HGST in 2015 when he was executive Chairman. We also notice that the HQ in South San Francisco is now a city office under remodeled and the company HQ has moved to Palo Alto.

Second, Scality also announced Jason Donahue as the new chairman. He sold Ejasent to Veritas in 2004 for less then $60M - I was at Veritas at that time -, Meiosys to IBM in 2005, ClearApp to Oracle in 2008 or more recently Cloudmark to Proofpoint in 2017, here is the connection. He did the IPO for Apptix and led Acronis for more than 3 years as well, so a professional of exits.

It seems clearly that Reduxio, founded in 2006, and Scality, founded in 2009, are looking for an exit soon pushed by a board that starts to be a bit anxious.