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Home > Company Index > Computer Hardware > Data Storage Devices > Network Engines, Inc.
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Network Engines, Inc. |
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NEWS FROM THE WIRES |
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Network Engines to cut staff, take $7 mln Q4 charge Jul 31 2001 01:25 PM PDT
> More WIRE STORIES about this company
PROFILE |
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Network Engines powers Internet drivers with a need for speed. The company develops computer server appliances and related software designed for use by online content, Web hosting, application service, and Internet service providers. Its WebEngine servers can act as stand-alone units or they can be grouped to handle more data. The company has also entered the network-attached storage (NAS) market with its StorageEngine appliances, which are designed to work in conjunction with its servers. Customers include IBM (16% of sales) and Akamai Technologies (12%). Investment funds Ascent and HarbourVest own 16% and 14%, respectively, of Network Engines, which has announced it is reducing its workforce by 30%.
COMPETITION |
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Compaq Computer Corporation (CPQ)
Network Appliance, Inc. (NTAP)
Sun Microsystems, Inc. (SUNW)
DEALS |
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Deal: Network Engines' Second Round Totals $8.3 Million
Date Announced: 05.10.99
Value of transaction (US $Mil): 8.3
Description: Thin-server maker receives $8.3 million second round.
TRACKERS |
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Aug. 01, 2001 - LAYOFF TRACKER
65 laid off
Description: De-emphasizing its customized software and hardware development efforts. Planning to obtain its components from commodity suppliers rather than create them.
Apr. 17, 2001 - LAYOFF TRACKER
170 laid off
Description: Citing current market conditions as the reason for the layoffs. According to the company, tight cost controls have gone into effect and expansion plans have been put on hold. Cuts represent approximately 30% of its staff.
> More LAYOFF NEWS
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STOCK ANALYSIS |
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FURTHER ANALYSIS
Advanced Charting
Deals
FINANCIAL OVERVIEW |
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Fiscal Year-End: September
2000 Sales (mil.): 43.10
1-Yr. Sales Growth: 618.3%
Employees: 232
Revenue per employee: $185,775.86
KEY PEOPLE |
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John Curtis
CEO
Douglas G. Bryant
CFO
CONTACT INFO |
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25 Dan Rd.
Canton, MA 02021
US
Phone: 781-332-1000
Fax: 781-770-2000
Online: Web Site
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Hoover's Company Capsule
Copyright © 2001, Hoover's Inc. Austin, Texas.
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