Egnyte , a company that sells a hybrid file storage product that employs both cloud and local storage, raised $29.5 million last December . The enterprise cloud storage market is among the best funded niches in technology, and it is also one of the most competitive.

With the recent entrance of Microsoft into the stand-alone business-facing cloud storage market, and the recent news that Dropbox has picked up an entire VC fund in new capital, I decided to catch up again with Egnyte’s CEO Vineet Jain to see how his company is faring, and pick his brain on his industry.

The company previously told TechCrunch that it expected to be cash flow break even by the end of 2014. It now expects to be profitable by the end of the fourth quarter. Revenue growth is still on target for $100 million in 2015. In short, the financial guidance that Egnyte provided TechCrunch in…

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