back to article Atlantis Computing in urgent refinancing talks

Atlantis Computing is in middle of "delicate ongoing negotiations" seeking funding from investors. The Register’s Storage Desk has heard from two sources that admin, sales and marketing employees are being laid off, with engineering remaining for support. Another source claimed that staff had "not been paid for weeks". We …

  1. Anonymous Coward
    Anonymous Coward

    Surprised they kept going this long...

    Once the darlings of the VDI world and then a CEO believes his own hype, "inspires" staff by effing and blinding and generally berating them on calls, he never respected his staff and thought he knew best. Great product once then got left behind whilst the CEO when off on an ego trip of taking on Nutanix in the HCI space telling everyone that the competition days were numbered, what a tool!

    Some great people at Atlantis, alas now sank just like it's namesake, hope everyone lands safely and the guys that drove it under the waves learn a valuable lesson.

    1. Anonymous Coward
      Anonymous Coward

      Re: Surprised they kept going this long...

      I heard they were on their way out a year ago. Channels have remained loyal amidst the negative talk, however. I think it's fairly clear they will struggle re-finance, and get buyers enthusiastic about them again. Such a shame. Some good people too. Reminds me somewhat of Violin in terms of their demise.

  2. Anonymous Coward
    Anonymous Coward

    Maybe...

    Maybe they should merge with Tintri.

  3. Anonymous Coward
    Anonymous Coward

    Atlantis has been tanking since the Cisco investment

    Many were fooled on this one, but it was obvious that Atlantis' model was screwed from the beginnning.

    There seems to be long-standing a pattern here. It seems that every storage play that Cisco invests in tanks. Going all the way back to NuSpeed and considering Atlantis, Whiptail/Invicta and now SpringPath, it seems like Cisco has a "Reverse Midas Touch".

    Cisco needs to spin-out a storage startup business with people who understand storage and know how to do due-dilligence. Then they could stop flushing hundreds of millions of shareholder's cash into poorly chosen startups.

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