ExaGrid, Hyper-Converged Secondary Storage for Backup Leader, Reports Record Q1 Bookings and Revenue for Q1-2018
ExaGrid®, a leading provider of hyper-converged secondary storage for backup, today announced record Q1 bookings and revenue for Q1 2018. ExaGrid grew at a rate of 20% over the same quarter of the prior year, continuing its trend of progressive growth at a faster rate than that of the overall market and resulting market share gain. ExaGrid continues its up-market trajectory, attracting increasing numbers of enterprise customers with hundreds of terabytes to petabytes of data to be backed up.
“ExaGrid posted another record first quarter due to the company’s continued focus on execution of our up-market strategy. In parallel to this up-market progression, ExaGrid’s average selling price for initial system purchases continues to rise,” said Bill Andrews, CEO and President of ExaGrid.
In addition to record Q1 bookings and revenue, ExaGrid:
- began shipping its EX63000E that scales to a 2PB full backup in a single system with an ingest rate of over 400TB per hour and supports a replicated second site with storage of up to 4PB for disaster recovery and long-term retention, making it the largest and fastest system on the market;
- announced a new strategic alliance with HYCU for purpose-built support of Nutanix environments using VMware or AHV hypervisors; and
- received recognition as a “finalist” for a Network Computing award and Storage Magazine’s Product of the Year.
“Backup data is growing at over 30% year-over-year in larger IT organizations. They are continuing to hit the wall with inline deduplication with scale-up storage architectures that result in slower backups, slower restores, and an ever expanding backup window,” Andrews said.
Unlike first generation deduplication solutions that were either built into a backup application media server or into a scale-up storage appliance, ExaGrid delivers the backup industry’s only true scale-out architecture with data deduplication. It provides hard-dollar savings and also improves backup and restore performance by combining zone-level deduplication, adaptive deduplication, global deduplication, and a unique landing zone.
As the market matures, customers are understanding the performance degradation that data deduplication can have on backup unless a solution is intentionally architected to prevent any such impact. All deduplication solutions reduce storage and WAN bandwidth to a degree, but only ExaGrid solves the three inherent compute problems to achieve faster backups, restores, and VM boots by leveraging its unique landing zone, adaptive deduplication, and scale-out architecture.
“First generation deduplication solutions can be cost prohibitive for backup storage and are also slow for backups, restores, and VM boots, which is why over 80% of ExaGrid’s newly-acquired customers are replacing Dell EMC Data Domain, HP StoreOnce, Commvault Deduplication, and the Veritas 5200/5300 series of appliances with ExaGrid,” said Andrews.
ExaGrid is the only second generation backup storage vendor that has eliminated the three compute challenges inherent to backup storage with data deduplication. All backup storage vendors reduce storage and bandwidth to varying degrees but provide slow ingest rates because they perform data deduplication ‘inline.’ In addition, because they only store deduplicated data, restore speeds and VM boots are also very slow. ExaGrid’s ingest rate is three times faster - and restores/VM boots are up to 20 times faster - than its closest competitor. Unlike the first generation vendors that only add capacity as data grows, ExaGrid appliances add compute with capacity, ensuring that the backup window remains fixed in length. Only ExaGrid uses a scale-out architecture with a unique loading zone, which holistically addresses all of the scalability and performance challenges of backup storage.
ExaGrid’s published customer success stories and enterprise stories number over 350, more than all other vendors in the space combined. These include a two-page narrative and customer quote, demonstrating how satisfied customers are with ExaGrid’s unique architectural approach, differentiated product, and unrivalled customer support. Customers consistently state that not only is the product best-in-class, but ‘it just works.’
ExaGrid provides hyper-converged secondary storage for backup with data deduplication, a unique landing zone, and scale-out architecture. ExaGrid’s landing zone provides for the fastest backups, restores, and instant VM recoveries. Its scale-out architecture includes full appliances in a scale-out system and ensures a fixed-length backup window as data grows, eliminating expensive forklift upgrades. Visit us at www.exagrid.com or on LinkedIn. See what ExaGrid customers have to say about their own ExaGrid experiences and why they now spend significantly less time on backup.
ExaGrid is a registered trademark of ExaGrid Systems, Inc. All other trademarks are the property of their respective holders.
Christine Murphy, 508-898-2872 x248
For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.
Tilaa tiedotteet sähköpostiisi
Haluatko tietää asioista ensimmäisten joukossa? Kun tilaat mediatiedotteemme, saat ne sähköpostiisi välittömästi julkaisuhetkellä. Tilauksen voit halutessasi perua milloin tahansa.
Lue lisää julkaisijalta Business Wire
New Industry Research Shows Augmented Reality Adopters Have Best-in-Class Performance Related to Factory Operations, Service, and Training18.10.2018 13:00 | Tiedote
PTC (NASDAQ: PTC) today announced from Augmented World Expo (AWE) Europe 2018 the availability of new research in conjunction with Aberdeen Group titled, “How the Best-in-Class Use Augmented Reality for Superior Service Management.” The comprehensive research study and corresponding report identifies significant financial improvements realized by industrial companies embracing augmented reality (AR), and provides best practices for unlocking the potential of the technology across various environments. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181018005051/en/ PTC announced exclusive data from Aberdeen Group shows that organizations using augmented reality have experienced significant year-over-year business growth and have improved their bottom lines dramatically. (Graphic: Business Wire). In addition to the report published today, PTC announced exclusive data from Aberdeen that shows that organizations using AR have ex
PotNetwork Holdings, Inc. Concludes Record Breaking 3rd Quarter with Revenues Exceeding $6.1 Million18.10.2018 13:00 | Tiedote
PotNetwork Holdings, Inc. (OTC Pink: POTN ) today announced third quarter revenues totaling $6.1 Million representing a 37% increase over the same period last year. The Company committed to increasing marketing during the last year resulting in the increase of year over year revenue. The marketing budget increased by more than 200% during that time. Diamond CBD distributes premium quality products and has established a successful, continually broadening distribution footprint. Diamond CBD’s products are taking advantage of the popularity of hemp-derived CBD. Diamond’s hemp-derived CBD products do not contain any THC and are tested for purity. Driven by the continually growing results of its wholly-owned subsidiary, Diamond CBD, Inc., PotNetwork Holdings, Inc. has recently filed its Form 10 registration statement with the U.S. Securities and Exchange Commission that includes the Company’s audited financial statements. Additionally, PotNetwork Holdings, Inc. intends to seek listing on th
Cigalah Medpharm Announces the Launch in Saudi Arabia and United Arab Emirates of Nexodyn® AOS, the Tehclo-Based Wound Cleanser Developed by the Swiss Pharma Company APR18.10.2018 12:30 | Tiedote
Nexodyn® AcidOxidizing Solution (AOS), the Tehclo-based cleanser for acute and chronic wound management, is now starting to be available in Saudi Arabia and United Arab Emirates (UAE), promoted and commercialized by the leading pharmaceutical company Cigalah Medpharm, part of Cigalah Group, following an exclusive partnership with the Swiss Pharma company APR Applied Pharma Research (“APR”). The current size of wound care market in Saudi Arabia and United Arab Emirates accounts for almost 70 million USD and it’s expected to keep growing in the next years because of the aging of the population and the increasing prevalence of chronic wounds, which represent roughly the 70% of the total market. As confirmed by market research, strong is the need from Healthcare Professionals (HCP) of new treatment options to ensure a faster and effective wound healing. The innovative wound cleanser, Nexodyn® AOS, based on APR’s proprietary and patented technology Tehclo®, offers to HCPs and caregivers a n
New Open Applications Advance Comprehensive Modeling Environment for Multidiscipline Collaboration18.10.2018 11:58 | Tiedote
The Year in Infrastructure 2018 Conference – Bentley Systems, Incorporated, the leading global provider of comprehensive software solutions for advancing the design, construction, and operations of infrastructure, today launched OpenSite Designer, a built-for-purpose application for the design and construction of civil site projects. It also launched OpenBuildings, bringing together its AECOsim building design and Speedikon factory and industrial design applications; and announced the availability of OpenBuildings Station Designer, a specialized application for designing rail and metro stations. At the same time, Bentley announced the availability of OpenBridge Designer, which combines Bentley’s bridge modeling, analysis and design capabilities into one comprehensive package, and OpenFlows FLOOD, a flood analysis and early warning system. In addition, in pursuit of its ‘industrialization’ strategy, Bentley announced it has rebranded under its Open portfolio several of its applications
Takeda Receives Clearance from the Japan Fair Trade Commission for the Proposed Acquisition of Shire plc18.10.2018 10:19 | Tiedote
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION Takeda Pharmaceutical Company Limited (“Takeda”) announces that it has received unconditional clearance from the Japan Fair Trade Commission for the proposed acquisition of Shire plc announced on May 8, 2018 (the “Acquisition”). The receipt of antitrust clearance in Japan is another significant step towards closing the transaction. In addition to Japan, the Acquisition has now received unconditional clearances from regulatory authorities in multiple key jurisdictions, including the United States, China and Brazil, among others. “We are very pleased to have received unconditional clearance from the Japan Fair Trade Commission for our proposed acquisition of Shire,” said Christophe Weber, President and Chief Executive Officer of Takeda. “Takeda is proud of its Japanese heritage, and we are look
FedEx Expanding Freight Forwarding Capabilities with Acquisition of Manton18.10.2018 09:00 | Tiedote
FedEx Corp. (NYSE:FDX) announced today that it has agreed to acquire Manton Air-Sea Pty Ltd, a leading provider of logistics services, including freight forwarding and customs brokerage solutions. Manton’s capabilities complement and expand the FedEx portfolio of offerings essential to the rapidly growing global commerce landscape. The acquisition is expected to close later this year and is subject to customary closing conditions. With operations across Australia, Manton connects customers to global markets through regional gateways and relationships with multiple air carriers. With specific expertise in the healthcare and automotive markets, Manton is a proven leader in air and ocean freight forwarding solutions, as well as customs brokerage. Headquartered in Sydney, Australia, Manton will operate as a subsidiary of the FedEx Trade Networks operating company. “Adding Manton’s capabilities to FedEx Trade Networks and the broader FedEx portfolio will open up opportunities for us to cont
Uutishuoneessa voit lukea tiedotteitamme ja muuta julkaisemaamme materiaalia. Löydät sieltä niin yhteyshenkilöidemme tiedot kuin vapaasti julkaistavissa olevia kuvia ja videoita. Uutishuoneessa voit nähdä myös sosiaalisen median sisältöjä. Kaikki STT Infossa julkaistu materiaali on vapaasti median käytettävissä.Tutustu uutishuoneeseemme