Business Wire

ExaGrid Reports Record Bookings and Revenue in Q1 2022

Share

ExaGrid®, the industry’s only Tiered Backup Storage solution, today announced that it had an all-time record bookings and revenue quarter ending March 31, 2022. This accomplishment was on the back of ExaGrid’s four record-breaking quarters throughout 2021, increasing both bookings and revenue to a new all-time high.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220412005172/en/

ExaGrid’s revenue grew sequentially from Q4 2021 to Q1 2022, and grew in double digits as compared to Q1 2021. In addition, ExaGrid was cash positive in the quarter for the sixth quarter in row. ExaGrid added over 150 new customers in Q1 2022, including over 40 six- and seven-figure deals, and has more than 3,300 active upper mid-market and enterprise customers that use ExaGrid Tiered Backup Storage to protect their data. ExaGrid’s growth is accelerating, and the company is hiring over 50 additional inside and field sales staff worldwide.

“ExaGrid’s continued momentum is the result of the ongoing expansion of our sales team and working with our channel partners across the globe. We continue to see that organizations are realizing that primary storage disk is too expensive for longer-term retention and that traditional deduplication appliances don’t deliver the backup and restore performance needed to ensure that data is always available. ExaGrid offers the best ransomware recovery solution in the industry, which remains top of mind in today’s world,” said Bill Andrews, President and CEO of ExaGrid.

ExaGrid appliances have a network-facing disk-cache Landing Zone where the most recent backups are written without inline deduplication for fast backups and are stored in an undeduplicated format for fast restores. ExaGrid uses scale-out architecture, which maintains a fixed-length backup window and also eliminates expensive and disruptive forklift upgrades and product obsolescence. ExaGrid’s Adaptive Deduplication technology deduplicates the data into a non-network-facing repository where deduplicated data is stored for longer-term retention, often for weeks, months and years. The combination of a non-network-facing tier (virtual air gap) plus delayed deletes with ExaGrid’s Retention Time-Lock feature, and immutable data objects, guards against the backup data being deleted or encrypted.

Highlights of Q1 2022:

  • Strong competitive win rate at 75%
  • Brought on more than 150 new customers
  • Strong quarter in EMEA and APAC regions
  • Over 40 six and seven-figure new customer deals
  • Company remains Cash and P&L positive over the last 6 quarters
  • More than 3,300 customers protect their data with ExaGrid Tiered Backup Storage

ExaGrid Tiered Backup Storage – Built for Backup

ExaGrid provides Tiered Backup Storage with a front-end disk-cache Landing Zone, the Performance Tier, which writes data directly to disk for the fastest backups, and restores directly from disk for the fastest restores and VM boots. The long-term retention data is tiered to a deduplicated data repository, the Retention Tier, to reduce the amount of retention storage and resulting cost. This two-tiered approach provides the fastest backup and restore performance with lowest cost storage efficiency.

In addition, ExaGrid provides a scale-out architecture where appliances are simply added as data grows. Each appliance includes processor, memory and network ports, so as data grows, all resources required are available to maintain a fixed-length backup window. This scale-out storage approach eliminates expensive forklift upgrades, and allows for mixing appliances of different sizes and models in the same scale-out system, which eliminates product obsolescence while protecting IT investments up front and over time.

About ExaGrid

ExaGrid provides Tiered Backup Storage with a unique disk-cache Landing Zone, long-term retention repository, and scale-out architecture. ExaGrid’s Landing Zone provides for the fastest backups, restores, and instant VM recoveries. The retention repository offers the lowest cost for long-term retention. ExaGrid’s scale-out architecture includes full appliances and ensures a fixed-length backup window as data grows, eliminating expensive forklift upgrades and product obsolescence. ExaGrid offers the only two-tiered backup storage approach with a non-network-facing tier, delayed deletes, and immutable objects to recover from ransomware attacks. Visit us at exagrid.com or connect with us on LinkedIn. See what our customers have to say about their own ExaGrid experiences and learn why they now spend significantly less time on backup in our customer success stories.

ExaGrid is a registered trademark of ExaGrid Systems, Inc. All other trademarks are the property of their respective holders.

To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.

Contact information

Mary Domenichelli
ExaGrid
mdomenichelli@exagrid.com

About Business Wire

For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.

Subscribe to releases from Business Wire

Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from Business Wire

TRON Founder Justin Sun Attends the Inaugural NFTBERLIN with His Twelve Digital Zodiac Heads Collection24.5.2022 14:41:00 EEST | Press release

On May 24, NFTBERLIN tweeted that Justin Sun, the founder of TRON, confirmed attendance at the first NFTBERLIN event virtually and participation in a panel discussion on the future trends of NFT. He will exhibit many of his valuable collections, including the Twelve Digital Zodiac Heads, which are to be presented to the public for the first time. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220522005048/en/ TRON Founder Justin Sun Attends the Inaugural NFTBERLIN with His Twelve Digital Zodiac Heads Collection (Graphic: Business Wire) NFTBERLIN is a community-led unconference and exhibition focusing on the innovative development of NFT. The inaugural event will be held in Berlin, Germany, from May 25 to May 27, where creators, collectors, artists, and other art enthusiasts worldwide will meet to discuss the trends and future of the NFTverse. The NFTBERLIN event consists of three sessions: an NFT art exhibition, symposium, a

NTT Opens Its First Data Center In Spain24.5.2022 13:49:00 EEST | Press release

NTT Ltd., a world-leading global technology services provider, continues its expansion plans by opening its first data center location in the Spanish market in Madrid. The high-availability, Tier 3-compliant colocation data center is located on NTT's Európolis Business and Technology Park site 20km northwest of Madrid. It provides hyperscalers as well as enterprise clients with 3,600m2 of IT space and a maximum IT capacity of 6.3MW when fully built out. NTT is currently massively expanding its data center capacities worldwide. The company attaches the greatest importance to creating a highly available, secure and sustainable infrastructure. At the Madrid site, the entire cooling concept of the data center was adapted to the warm climate of central Spain: air-cooled chillers and higher cooling water temperatures reduce power consumption and ensure efficient operation of the facility. NTT’s first major client installation in the facility is powered entirely by renewable energy. Companies

Eaton’s eMobility Business Introduces Battery Disconnect Unit Featuring Updated Breaktor® Circuit Protection Technology24.5.2022 13:30:00 EEST | Press release

Power management company Eaton today announced its eMobility business has introduced a battery disconnect unit (BDU) that can be combined with upgraded Breaktor® circuit protection technology to provide circuit protection in electrified vehicles (EVs) while reducing overall complexity and cost. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220524005297/en/ Eaton’s battery disconnect unit combined with Breaktor® circuit protection technology provides circuit protection in electrified vehicles while reducing overall complexity and cost. (Photo: Business Wire) When paired with the Breaktor circuit protection technology, which combines current switching and resettable bidirectional short-circuit protection with fast actuation, Eaton’s BDU eliminates the need for up to 15 additional system components. Traditional systems require a combination of pyro and thermal fuses and contactors. “As manufacturers continue to increase the po

Asda Selects Blue Yonder’s Order Management to Accelerate its Omni-Channel Transformation24.5.2022 13:00:00 EEST | Press release

Having selected Blue Yonder last year to digitally transform its end-to-end supply chain and retail operations, Asda, one of Britain’s leading retailers with a unique position in the market, is continuing its retail transformation journey with Blue Yonder by selecting Luminate® Commerce solutions to modernize its order management capabilities. Asda will also partner with Bringg, a Blue Yonder technology alliance partner and the leading delivery and fulfillment cloud platform, to make each element of the supply chain seamless, connected and orchestrated. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220524005263/en/ Asda consists of supercenters, superstores, and smaller supermarkets. The retailer also runs petrol filling stations and Asda Living stores, which offer its popular George clothing and home merchandise lines. The company employs more than 140,000 colleagues serving more than 16 million customers who shop in its s

Hurricane Electric Expands Global Network to The Albanian Internet Exchange 24.5.2022 12:20:00 EEST | Press release

Hurricane Electric, the world’s largest IPv6-native Internet backbone announced today that it has further expanded its presence in Southeastern Europe by connecting to the Albanian Neutral Internet eXchange (ANIX). ANIX is the first neutral and not-for-profit Internet Exchange point in Albania and is hosted and managed by Namex in the carrier-grade data center of RASH, the Albanian Academic Network, in Tirana. ANIX went live in March 2018. Prior to the establishment of ANIX, traffic between Albanian endpoints had to pass through foreign countries. ISPs throughout Albania and the world come to ANIX to interconnect their networks. Hurricane Electric’s presence in ANIX will provide reduced latency and improved fault tolerance, load balancing and congestion management infrastructure. The added direct connectivity paths also increase the reach of Hurricane Electric’s next-generation (IPv6) Internet infrastructure and services. Additionally, ANIX members can now exchange IP traffic, or “peer

In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.

Visit our pressroom