Over the past five (5) years StoredIQ has
had more than its fair share of ups and downs. Founded in 2001,
venture backed StoredIQ began to establish itself as a "next
generation" player in the eDiscovery software market around 2005.
However, after being overlooked for a large consolidation move in 2009,
StoredIQ seemed to loose its way and couldn't figure out if they were
in the Information Governance market competing with Autonomy, IBM and Symantec or in
the eDiscovery Early Case Assessment (ECA) market competing with Clearwell Systems.
2010 became a pivotal year as they brought on Phil Myers as the new CEO. With 29 years of experience in the technology industry and having managed three successful start-up companies, Phil made adjustments in personal, mission and strategy and got StoredIQ back in the game.
In 2011, Phil hired Tom Bishop as The new Chief Technology Officer (CTO). Bishop was the former chief technology officer of IBM Tivoli. After Tivoli, Bishop served as CTO of VIEO, Inc., where he was named “Chief Technology Officer of the Year” by InfoWorld magazine vice president and CTO at BMC Software where he was responsible for product vision and direction, including advancing Atrium, the company’s innovative open-architected foundation for Business Service Management solutions. Tom was the right technology leader at the right time to figure out what the market wanted StoredIQ to be and how to get them there technically.
Throughout 2011, StoredIQ executives met with customers, prospects and other industry thought leaders to try and establish their corporate identity. More importantly, they tried to figure out if they were going to build product to compete in the Information Governance or eDiscovery markets. Where they ended up may surprise some of you.
2010 became a pivotal year as they brought on Phil Myers as the new CEO. With 29 years of experience in the technology industry and having managed three successful start-up companies, Phil made adjustments in personal, mission and strategy and got StoredIQ back in the game.
In 2011, Phil hired Tom Bishop as The new Chief Technology Officer (CTO). Bishop was the former chief technology officer of IBM Tivoli. After Tivoli, Bishop served as CTO of VIEO, Inc., where he was named “Chief Technology Officer of the Year” by InfoWorld magazine vice president and CTO at BMC Software where he was responsible for product vision and direction, including advancing Atrium, the company’s innovative open-architected foundation for Business Service Management solutions. Tom was the right technology leader at the right time to figure out what the market wanted StoredIQ to be and how to get them there technically.
Throughout 2011, StoredIQ executives met with customers, prospects and other industry thought leaders to try and establish their corporate identity. More importantly, they tried to figure out if they were going to build product to compete in the Information Governance or eDiscovery markets. Where they ended up may surprise some of you.
Named by Gartner as a 2012 "Cool
Vendor" in Risk Management, Privacy and Compliance, StoredIQ ended up
in the middle of "Big Data" with its new mission to enable
organizations to actively manage their vast and ever-increasing amounts of
unstructured data. So, with a slight twist on the approach and who they
are now selling to, StoredIQ actually ended up in both Information Governance
and eDiscovery. You see, at the root of any Information Governance or
eDiscovery project or process is the ability to identify, collect, index and
analyze Big Data. And, that's what StoredIQ is now doing.
I had the pleasure of spending an hour today
with Phil Myers, StoredIQ's CEO and Amir Jaibaji,
Vice President of Product Management for StoredIQ. They walked me through
their "new strategy" and gave me a quick demo of DataIQ, their recently
announced data analytics
module that provides users with an exceptionally unique visual
overview and approach to analyze unstructured data. It’s very visual,
fast and provides an abundance of information that you probably didn’t even
know that you had about your data. Whether you are an analyst in the
Information Technology (IT) department managing storage utilization, a risk
manager looking for “open shares” in SharePoint or a General Counsel trying to
forecast the cost of pending litigation, DataIQ is just what you have been
hoping for. It was impressive to say the least and if it is any
indication of where Myers and Bishop have taken StoredIQ, they have not only
reinvented themselves, they had established themselves as a formidable player
in the Big Data analytics market.
Over the next couple of
weeks, I plan to spend more time with StoredIQ and will report on what I
find. My expectations are very high.
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