Powerfile

Silicon Valley-based optical network attached storage device that provided HIPPA and SARBOX compliant archive storage. Main industries included Financial Services and Medical Imaging spaces.

Company
Powerfile
Category
Manufacturing
Date
2003 - 2005
Website
Visit website

Our Role

Principal at Fortis was involved as a turnaround leader for Sequoia Capital and oversaw an Assignment for the Benefit of Creditors (ABC) process and a financial recapitalization. Served as COO, CFO, CEO. and Board Member. Responsible for all products, operations, finance, and China manufacturing.
‍

  • N/A – Company sold to Hitachi Data in 2010
  • ‍Exit: Secured Series A investment of $4.3MM from Sequoia Capital within one year of hiring date. Company eventually sold to Hitachi Data Systems in 2010.