Data-Deposit-Box-DataDepositBox-Online-Backup-Cloud-Data-Remote-Backup

Larger enterprise customer opportunities result in best quarterly bookings and revenue in company history

WESTBOROUGH, MA – April 12, 2017 – /BackupReview.info/ — ExaGrid®, a leading provider of next generation disk-based backup storage with data deduplication solutions, today announced record bookings and revenue for Q1 2017. ExaGrid grew double digits over the same quarter of the prior year, continuing its trend of progressive growth at a faster rate than that of the overall market and consistent growth of its market share position. ExaGrid continues to demonstrate success in the enterprise market as evidenced by its posting of a record number of new customer six-figure deals in the current quarter.

“ExaGrid again posted a record quarter as the number of higher-value enterprise deals continues to rise, resulting in a higher ASP,” said Bill Andrews, CEO and President of ExaGrid. “We are seeing the larger enterprise customers looking for better performance at a lower cost than the first generation of backup storage solutions can provide, and that’s what ExaGrid is uniquely positioned to deliver.”

First generation deduplication solutions were either built into a backup application media server or into a scale-up storage appliance. Customers did not truly understand the negative impact of data deduplication on backup until they deployed the first generation of products. The evolving market has resulted in more sophisticated customers who are now ready to understand the impact of ExaGrid’s unique approach on the data center.

“Over 70% of ExaGrid’s newly acquired customers are replacing first generation deduplication approaches from Dell EMC Data Domain, HP StoreOnce, Commvault Deduplication, and the Veritas 5200/5300 series of appliances. These solutions can be cost prohibitive for backup storage and are also slow for backups, restores, and VM boots,” said Andrews.

ExaGrid is the only second generation backup storage vendor that has eliminated the three compute challenges inherent to backup storage with data deduplication. All backup storage vendors reduce storage and bandwidth to varying degrees but provide slow ingest rates because they perform data deduplication ‘inline.’ In addition, because they only store deduplicated data, restore speeds and VM boots are also very slow. ExaGrid’s ingest rate is three times faster – and restores/VM boots are up to ten times faster – than its closest competitor. Unlike the first generation vendors that only add capacity as data grows, ExaGrid appliances add compute with capacity, ensuring that the backup window remains fixed in length. Only ExaGrid uses a scale-out architecture with a unique loading zone, which holistically addresses all of the scalability and performance challenges of backup storage.

In the first quarter of 2017, ExaGrid achieved:

  • record bookings and revenue
  • a record number of six-figure new customer opportunities
  • designation as a Nutanix Elevate partner and inclusion in its Technology Alliance Partner Program
  • Nutanix Ready certification after having completed all testing and validation

ExaGrid’s published customer success stories and enterprise stories number over 300, more than all other vendors in the space combined. These include a two-page narrative and customer quote, demonstrating how satisfied customers are with ExaGrid’s unique architectural approach, differentiated product, and unrivalled customer support. Customers consistently state that not only is the product best–in-class, but ‘it just works.’

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 second generation product offers a unique landing zone and scale-out architecture, providing the fastest backup — resulting in the shortest fixed backup window, 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. See what ExaGrid customers have to say about their own ExaGrid experiences and why they now spend significantly less time on backup.

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

Media Contact:
Christine Murphy
ExaGrid
508-898-2872 x248
cmurphy@exagrid.com
www.exagrid.com

Source: ExaGrid

 

 

General Tags: online backup services, online backup reviews, online backup, data security, online data backup, backing up online, online backup news, CEO interviews, SaaS, online backup providers directory, cloud computing, online file backup, online file storage, data storage, online backup companies, top rated online backups, software as a service, compare online backups

Like us on Facebook




===========================
Do you like this post? Subscribe to our RSS feed ===========================

Sponsored Links:

Data Deposit Box

Asigra



Share/Save/Bookmark

Related posts:

  1. ExaGrid, Next Generation Disk-Based Backup Storage Appliance Vendor, Reports Record Quarterly Revenue for Q2-2017
  2. ExaGrid, Next Generation Disk-Based Backup Storage Appliance Vendor, Reports Record Quarterly Revenue for Q4-2016 and Record Annual Revenue for 2016
  3. ExaGrid Disk-Based Backup Storage Appliance Vendor Reports Record Quarter for Q2 2015 with Record Bookings and Revenue
  4. ExaGrid, Leading Disk-Based Backup Storage Appliance Vendor, Reports Record Revenue for Q2 2016
  5. ExaGrid, Leading Disk-Based Backup Storage Appliance Vendor, Reports Record Revenue for Q3 2016
  6. ExaGrid, Leading Disk-Based Backup Storage Appliance Vendor, Reports Record Revenue for Q1 2016
  7. ExaGrid, Leading Disk-Based Backup Storage Appliance Vendor, Reports Record Quarter for Q3 2015 with Record Bookings and Revenue
  8. ExaGrid Reports Record Bookings in Q1 2015, Continues its Upward Trajectory in the Disk-Based Backup Appliance Market
  9. ExaGrid, Leading Disk-Based Backup Storage Appliance Vendor, Announces Partnership with Nimble Storage
  10. ExaGrid Systems Continues its Fast Growth in the Disk-Based Backup Market with Record Revenue in Q3 2014

Tags: ,