Pilot's Crash Landing - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

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.

IoT
IoT
News

Pilot's Crash Landing

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.
Comment  | 
Print  | 
More Insights
2020 State of DevOps Report
2020 State of DevOps Report
Download this report today to learn more about the key tools and technologies being utilized, and how organizations deal with the cultural and process changes that DevOps brings. The report also examines the barriers organizations face, as well as the rewards from DevOps including faster application delivery, higher quality products, and quicker recovery from errors in production.
Slideshows
Data Science: How the Pandemic Has Affected 10 Popular Jobs
Cynthia Harvey, Freelance Journalist, InformationWeek,  9/9/2020
Commentary
The Growing Security Priority for DevOps and Cloud Migration
Joao-Pierre S. Ruth, Senior Writer,  9/3/2020
Commentary
Dark Side of AI: How to Make Artificial Intelligence Trustworthy
Guest Commentary, Guest Commentary,  9/15/2020
Register for InformationWeek Newsletters
Video
Current Issue
IT Automation Transforms Network Management
In this special report we will examine the layers of automation and orchestration in IT operations, and how they can provide high availability and greater scale for modern applications and business demands.
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll