Company Boosts Bookings with Double-Digit Revenue Growth Over Same Period in 2015, Marking Best Revenue Quarter in ExaGrid's History
WESTBOROUGH, Massachusetts, July 12, 2016 /PRNewswire/ -- ExaGrid®, a leading provider of disk-based backup storage with data deduplication solutions, today announced that it is continuing its rapid growth in the disk-based backup storage market with record revenue in Q2 2016. ExaGrid grew revenue with double-digit growth over the same quarter a year ago, making it the best revenue quarter in the company's history and the company's tenth consecutive cash positive quarter. ExaGrid also booked a record number of six-figure new customer opportunities as the company continues to push further up market into the enterprise.
"ExaGrid is continuing to grow faster than the overall disk-based backup market and as a result is growing its market share position," said Bill Andrews, CEO of ExaGrid. "ExaGrid believes it is the only storage company that is growing at a double-digit rate while maintaining a cash positive position quarter after quarter. ExaGrid's systems scale to a one petabyte full backup in a single scale-out GRID with an ingest rate of 200TB/hr. while delivering the fastest restores and VM boots due to its unique landing zone and scale-out architecture. As a result, ExaGrid is replacing larger EMC Data Domain installations at an increasing rate."
In Q2 2016, ExaGrid booked a record number of six-figure new customer opportunities as ExaGrid continues to push further up market into the enterprise. In larger data centers, ExaGrid's unique scale-out architecture and landing zone shorten backup windows due to an ingest rate that is three times faster than that of its closest competitor and can restore a backup, boot a VM, or make an offsite tape copy up to ten times faster.
In addition to the financial milestones of record revenue and continued cash positive status, ExaGrid announced the following quarterly milestones:
Awarded best "Value for the Money" product of the year by Storage magazine
Go-to-market field events with Veeam, Nimble Storage, and Zerto
"ExaGrid is the only company in the space that assigns level 2 support technicians to customers so that each customer deals with the same senior support person all the time. Customers rave about our support model," said Andrews. "As a result, ExaGrid saw a record number of repeat order bookings in Q2 2016 as customers continue to expand their ExaGrid footprint."
About ExaGrid Organizations come to us because we are the only company that implemented deduplication in a way that fixed all the challenges of backup storage. ExaGrid's unique landing zone and scale-out architecture provides the fastest backup — resulting in the shortest fixed backup window, the fastest local restores, fastest offsite tape copies and instant VM recoveries while permanently fixing the backup window length, all with reduced cost up front and over time. Learn how to take the stress out of backup at www.exagrid.com or connect with us on LinkedIn. Read how ExaGrid customers fixed their backup forever.
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