Cirtas Systems Implodes

After raising $32.5 million

This is a Press Release edited by StorageNewsletter.com on April 25, 2011 at 2:51 pm

To read this article from Gigaom, click on:
Cirtas Systems Implodes, VC Pulls Out; What’s Next?
Cirtas Systems, a San Jose, Calif.-based maker of storage appliances, has hit rocky times. The company, which just exited stealth mode in September 2010 and had raised $32.5 million, is now cutting a large percentage of its workforce