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Brier Dudley's blog

Brier Dudley offers a critical look at technology and business issues affecting the Northwest.

Topic: Isilon

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December 3, 2012 at 9:57 AM

Seattle tech forecast: Cloudy with showers of cash

It’s revenge-of-the-nerds time in Seattle. The cool kids in Silicon Valley usually get all the attention. But the tables are turning, now that it’s getting harder to make a killing with a clever app or website. Lately, the Valley’s been fretting about a slowdown in venture funding for consumer Web companies. Venture capitalist Fred Wilson opined…

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Comments | More in | Topics: Big Fish Games, cloud, Enterprise

February 4, 2010 at 5:30 AM

Isilon posts first profit, aims for $1 billion, CEO says

Many tech companies are emerging from the downturn in better shape than before, but the turnaround for Seattle’s Isilon Systems is striking.

The storage-system manufacturer Thursday is reporting its first profitable quarter – by a hair – and record sales of $37.5 million, up 18 percent from the same period last year. It’s reporting a profit of $140,000, after losing $4.3 million a year ago.

Whether the profitability continues remains to be seen, but founder and Chief Executive Sujal Patel characterized the quarter as a turning point for the company he started after leaving RealNetworks in 2001.

“For us this is a pretty significant step because it really leaves 2009, a year where we were playing defense, behind and sets us up to play offense in 2010 and really grow this business aggressively,” he said.

Isilon went from Wall Street darling and the state’s largest IPO in 2006 to an outcast of sorts after it missed projections, fumbled its expansion and was accused by the SEC of inflating sales reports.

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Comments | Topics: Enterprise, Isilon, isilon