This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.
Pilot Network Services Inc., one of the earliest, if not the first company to offer subscription-based security services, has all but closed its doors. The company issued a press release Thursday stating that it laid off most of its employees on Wednesday, and suspended normal business operations.
According to the release, Pilot is retaining a skeleton crew to assist clients with their transitions, but the company had not returned several phone calls for comment at deadline. According to the company's Web site, customers included Newsweek, PeopleSoft, Rand Corp., Sovereign bank, and Venture Law Group.
Nasdaq halted trading of the company's stock on Thursday. Its last share price was 21 cents, down from a 52-week high of $34.87. Trouble for the company started earlier this month when directors Marvin Zonis and Tom Kelly resigned from the board, and the company cut its workforce by 23%.
Gartner security analyst John Pescatore says Pilot's failure isn't a reflection on the managed-security market. It's more a result of management mistakes. "They tried to be a little bit of everything. They were part hosting, part ISP, part security," says Pescatore. "And as a result they didn't have a partner channel like companies that offer managed security [and] partner with hosting companies and ISPs."
We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
State of the CloudCloud has drastically changed how IT organizations consume and deploy services in the digital age. This research report will delve into public, private and hybrid cloud adoption trends, with a special focus on infrastructure as a service and its role in the enterprise. Find out the challenges organizations are experiencing, and the technologies and strategies they are using to manage and mitigate those challenges today.
Data Science and AI in the Fast LaneThis IT Trend Report will help you gain insight into how quickly and dramatically data science is influencing how enterprises are managed and where they will derive business success. Read the report today!