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25 Jun 2015
Funding supports robust growth of software defined cloud storage business
HOUSTON, TX – June 23, 2015 — /BackupReview.info/ — SoftNAS, the # 1 Best-Selling NAS in the cloud, today announced a recent $5M funding round which brings the total funded amount to $6.4M since 2012. The funding was led by a group of angel investors based in Texas. Serving more than 500 customers, SoftNAS continues its capital efficient growth and continues executing on its vision to deliver powerful enterprise-class storage products for public, private and hybrid clouds. Markets and Markets analysis forecasts the cloud storage opportunity to be $50 billion by 2019.
“Many organizations turn to cloud storage because incessant data growth is overwhelming their IT organization’s ability to build an on-premises storage infrastructure and secure the required budgets to administer them. Placing data in public cloud infrastructures becomes the catalyst for moving applications into cloud environments,” according to Gene Ruth and Arun Chandrasekaran, Gartner.
“We have seen tremendous expansion and our software technology has been proven the past few years through a growing customer base on Amazon Web Services, Microsoft, VMware and other platforms,” said Rick Braddy, CEO of SoftNAS. “The real value SoftNAS is giving to hundreds of enterprise customers is the power to access and move large quantities of protected data to and from any cloud with no downtime or service interruptions,” added Braddy.
SoftNAS was a 2015 Red Herring Top 100 North America Winner and received the 2015 Datacentre ICT Cloud Storage Software Product of the Year award.
Learn more: https://softnas.com/
 – Gartner, Magic Quadrant for Public Cloud Storage Services, Gene Ruth and Arun Chandrasekaran, 09 July 2014.
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