At Last, a Hardware IPO
"Holy cow, it's an initial public offering by a computer hardware company! BusinessWeek Online has learned that Rackable Systems, a small server company based in Milpitas, Calif., plans to file the paperwork that preludes an IPO as early as the week of Jan. 24."
Company was founded in 1999. Parthenon Capital and PTI Ventures raised a $22M round of financing in December 2002.
Rackable is a provider of rack-mount servers for large-scale data center deployments. The company's servers in 1U, 2U, and 3U form factors are configured half-depth, "back-to-back" rack mounting. They compete directly with IBM, Dell. One of their marquee customers is Google.
No comments:
Post a Comment