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Largest independent backup storage provider continues momentum with another year of record top line sales results and year over year double-digit growth
WESTBOROUGH, Mass., Jan. 6, 2016 — /BackupReview/ — Revolutionary backup storage provider ExaGrid announced today that it had a record year in 2015 and grew over 20% from 2014 to 2015. ExaGrid was cash positive for all four quarters in 2015 and for the year, and has been cash positive for eight consecutive quarters. The company is consistently ranked “best at disk-based backup storage with deduplication” by leading experts and as the only vendor in the “Visionary” quadrant in the 2015 Gartner Magic Quadrant for Deduplication Backup Target Appliances1 is positioned for an even more successful year in 2016. ExaGrid is growing faster than the overall disk-based backup storage with data deduplication market and is gaining market share.
As the only provider of backup storage with data deduplication with a unique landing zone and scale-out architecture, ExaGrid offers the industry’s fastest backups; the fastest restores, recoveries, and offsite tape copies; VM boots in seconds to minutes; and permanently fixes the backup window length as data grows. ExaGrid also eliminates the forklift upgrades and product obsolescence of the big backup storage vendors.
Turning it up in 2015, ExaGrid highlights include:
“ExaGrid continues to move up market into more enterprise accounts, now selling into both the mid-market and enterprise,” said Bill Andrews, CEO of ExaGrid. “ExaGrid has the only solution that can keep up with IT environments that need fast ingest, a fixed-length backup window as data grows with fast restores and offsite tape copies, and VM boots in seconds to minutes. Virtualization has changed backup from merely restoring data to booting entire machines, and only ExaGrid’s landing zone and scale-out architecture can meet the new requirements.”
Vendors such as EMC Data Domain deduplicate data inline, which slows backups down and expands the backup window as data grows. In addition, requests for data restores are slow since the other vendors store only deduplicated data, which needs to be rehydrated for each request. Compared to EMC Data Domain, ExaGrid provides five times the restore, offsite tape copy, and VM boot performance (seconds to minutes vs. hours for EMC); keeps the backup window fixed as data grows; and provides ingest speed of almost four times that of EMC Data Domain.
“Backup storage with data deduplication is an over $3B market segment and, as result, ExaGrid has a lot of room to grow,” said Andrews. “We are hiring sales staff worldwide as quickly as we can.”
ExaGrid’s customers have tens of terabytes of data upwards to petabytes of data and typically deploy a second site ExaGrid appliance for disaster recovery. ExaGrid’s market is well above the SMB market where customers typically have less than 10TB of data and use a cloud solution for disaster recovery. ExaGrid’s customers use their own second data center for lower cost, high security, and fast recovery from site disasters. “Although the cloud is good for archive data, is it not conducive to backup data as it is too expensive, too slow, not secure, and virtually impossible to recover,” said Andrews.
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Praise from the Experts
In 2015, ExaGrid won numerous awards, including Computer Technology Review and IT Security Journal’s MVP (Most Valuable Product) award. Kim Kay, Associate Publisher & Editor-in-Chief of WestWorldWide, LLC included ExaGrid in its “elite group of innovative technology solutions that represent the standout leaders in their respective categories – solutions which we think should be at the top of every IT professional’s evaluation shortlist.”
Disclaimer: Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
ExaGrid is a registered trademark of ExaGrid Systems, Inc. All other trademarks are the property of their respective holders.
1 Gartner “Magic Quadrant for Deduplication Backup Target Appliances” by Pushan Rinnen, Dave Russell and Robert Rhame, September 25, 2015.
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