Tech IPOs have almost become too easy, as this week's offering of Compellent Technologies
Compellent develops storage solutions targeted for small-to-medium-sized enterprises (SMEs). To attack this prickly market, the company has focused on affordability, ease of use, and minimal maintenance.
So far, the formula is working nicely. As of the first half of 2007, revenue doubled to $20.9 million and there are more than 600 customers, which include Munder Capital Management, Rivals.com, and even the FBI.
Compellent faces a very competitive marketplace, jockeying for position in storage solutions among such heavy hitters as IBM
But Compellent does have one compelling aspect to its technology: a simple point-and-click interface. In the age of Amazon.com
But at what price? Keep in mind that Compellent's stock trades at 12 times trailing-12-month revenues. Other IPOs of storage companies, such as CommVault Systems
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