Alacritech in Bad Shape

Alacritech, Inc. is on the way to stop to produce its ANX 1500 NFS acceleration appliance flagship product and could close doors having no more cash to pursue its activity.

We got this information from one of its storage distributor getting the confirmation from an inside source of Alacritech.

This old company was founded in 1997 by its current president and CEO Larry Boucher, received $34 million in financial funding, but never was successful.

It’s surprising because Boucher is a great figure of the storage industry. Named “Mr. SCSI”, he was the former founder an CEO of two great storage companies, Adaptec (whose RAID business was sold to Newisys (Sanmina-SCI) in 2006 for $14.6 million and RAID channel business was acquired by PMC-Sierra for $34 million in cash in 2010) and Auspex, launched in 1987, probably the first NAS company in the world that disappears following bankruptcy in June 2003 and falling behind NetApp. When the company was liquidated, its patent portfolio was acquired by NetApp and its services business went to GlassHouse Technologies.

Based San Jose, CA, Alacritech began in iSCSI TCP/IP acceleration cards then, from 2011, entered into NAS caching acceleration appliance. It has 54 issued US patents.