Storage Markets Looks For Buyer

Boulder, Colorado-based Storage Markets, a firm operating a predictive marketplace for predicting movement in the storage industry, said in an email to its users Thursday that it is looking for a buyer. According to the email, the firm is looking for individuals and organizations who might be interested in continuing the growth and operation of Storage Markets as an owner of the service. Co-founder Rich Pappas confirmed with in a phone call that the firm is indeed looking for a buyer. The firm did not give any further details on the search for a buyer, but said that its objective analysis shows that the quality of the firm's predictive forecasts has been very good. The service said it now has more than 500 traders in its predictive market, which is used to make future predictions about the data storage market.