Andreesen's new company? Not all that new...
Business Week is touting Marc Andreessen's newest venture, Opsware.
"The Web browser pioneer's latest company, Opsware, may be sitting on another gold mine with its utility computing software," writes the venerable weekly.
The new company offers networking software that is the final remnant of Andreesen's ballyhooed post-Netscape venture, Loudcloud, which withered in the dot-com bust, and will compete against BladeLogic, a Waltham, Massachusetts start-up, Sun Microsystems, IBM, EMC, and Veritas Software.
Prospects for the company look reasonable, although the company is still losing money:
While Opsware is hardly the tech giant many envisioned Loudcloud would become, it's healthy. It has been cash-flow-positive for five quarters, revenues are expected to double to $35 million this year, it has more than 250 customers, and some analysts expect it to turn profitable within the next year. It has had two profitable quarters since it was founded. In its most recently reported quarter, which ended July 31, Opsware lost $813,000 on $8.6 million in sales.
Links:
Andreessen: The Right Spot Again?, Business Week
OnlineJournalist.org, edited by Doug Millison "on a need-to-know basis"
