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Nimble Storage Ranked #1 in Electronic Devices/Hardware Category; Attributes 7,380 Percent Revenue Growth to Continued Technology Innovation
SAN JOSE, CA – February 22, 2016 — /BackupReview.info/ — Nimble Storage (NYSE: NMBL), the flash storage solutions company, today announced it ranked No. 6 on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences, and energy tech companies in North America. Nimble Storage revenue grew 7,380 percent during the period from 2011 to 2014.
Nimble Storage chief executive officer, Suresh Vasudevan, credits the company’s continued growth to broad customer adoption of the Adaptive Flash platform. “The Nimble Storage Adaptive Flash platform offers a broad approach to leveraging flash storage in the modern data center, enabling us to systematically expand our base of customers to more than 6,800 across the mid-sized enterprise, large enterprise and cloud service provider segments of the market. This acknowledgement is testament to the company’s continued push for excellence in product innovation and customer support. We attribute this award to the unwavering commitment of our employees, channel partners and customers have made in Nimble Storage, and are honored to be ranked among the top 10 fastest growing companies in the country. As the demand for flash-optimized storage grows, we believe that we stand alone in our ability to address the entire market opportunity as Hybrid-Flash arrays and All-Flash arrays displace disk-only storage arrays over the next several years.”
The Nimble Adaptive Flash platform is now the preferred choice for more than 6,800 customers in over 50 countries around the world. In contrast to disk-centric legacy architectures and more narrowly focused flash-only storage architectures, the Nimble Adaptive Flash platform offers a single storage architecture that dynamically caters to the needs of enterprise-wide workloads across performance, capacity, and data protection – delivering on the full potential and benefits of storage consolidation. The company’s flash storage solutions are based on CASL®, its flash-optimized software architecture, that powers Nimble storage systems, and Nimble InfoSight™, an analytics-powered cloud-based management and support engine that enables IT organizations to maintain storage system peak health and dramatically simplify operational management.
“Amid a fierce business climate, there seems to be no shortage of new and established companies that are unlocking a seemingly unlimited potential for growth and advancement through technology’s continued disruption and proliferation across industries,” said Sandra Shirai, principal, Deloitte Consulting LLP and U.S. technology, media and telecommunications leader. “It is inspiring to witness the innovative ways that companies are incorporating emerging technologies for business gains, be it cognitive computing, or the Internet of Things. We congratulate all those ranked on this year’s Fast 500 and look forward to seeing their continued growth into 2016.”
About Deloitte’s 2015 Technology Fast 500™
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
About Nimble Storage
Forward Looking Statements
Forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other factors including, but not limited to, unforeseen delays in product development or introduction, uncertainty around market acceptance of our solutions, our ability to increase sales of our solutions, our ability to attract and retain customers and to sell additional solutions to our existing customers, our ability to develop new solutions and bring them to market in a timely manner, introduction of new technologies and products by other companies, the effectiveness of our channel partners and sales team, and our ability to continue to expand our business and manage our growth. Moreover, we operate in very competitive and rapidly changing environments, and new risks may emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. Further information on these and other factors that could affect our financial results are included in our filings with the Securities and Exchange Commission and may cause our actual results, performance or achievements to differ materially and adversely from those anticipated or implied by our forward-looking statements.
You should not rely upon forward-looking statements as predictions of future events. Although our management believes that the expectations reflected in our forward-looking statements are reasonable, we cannot guarantee that the future results, levels of activity, performance or events and circumstances described in the forward-looking statements will be achieved or occur. Moreover, neither the Company, nor any other person, assumes responsibility for the accuracy and completeness of the forward-looking statements. We undertake no obligation to publicly update any forward-looking statements for any reason after the date of this presentation to conform these statements to actual results or to changes in our expectations, except as required by law.
Nimble Storage, the Nimble Storage logo, CASL, InfoSight, SmartStack, and NimbleConnect are trademarks or registered trademarks of Nimble Storage. Other trade names or words used in this document are the properties of their respective owners.
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