New York City – February 12, 2019 — / — CTERA Networks, the global leader in secure edge-to-cloud file services, today announced a record year in 2018 in which it doubled enterprise software subscription revenue year-over-year. CTERA’s momentum was driven by strong demand from large organizations with high priorities for unstructured data management and security across both on-premises and cloud.

CTERA’s strong business results capped a successful year in which CTERA secured $30M in Series D funding, developed strategic partnerships and continued its global expansion.

“The balance of enterprise storage investment has shifted away from NAS and traditional systems towards multi-cloud solutions that provide scale and cost savings,” said Liran Eshel, CEO of CTERA. “CTERA is primed to capitalize on a high-growth market opportunity by delivering a modern, software-defined platform with unparalleled security and performance, enabling enterprises to migrate file storage, collaboration, and data protection to the cloud on their terms.”

CTERA’s 2018 business highlights include:

Added more than 50 new large enterprise customers in 2018, in addition to major expansion in existing accounts. Won multiple deals greater than $1M in the financial, government, media, and healthcare verticals.


  • Extended the CTERA Edge Filer line with new appliances boasting larger capacities and all-flash options.
  • Launched new data loss prevention capabilities to enhance the protection of sensitive enterprise data.
  • Introduced smart cloud tiering capabilities for cloud cost optimization.

Expanded the CTERA global partner ecosystem, providing customers best-of-breed choice for infrastructure and managed services.

Geographic Expansion
Opened the CTERA Asia headquarters in Singapore with local sales and delivery resources to build on an emerging market opportunity in the APAC region.

Completed a $30 million Series D growth equity funding round, with the participation of all existing investors as well as new shareholders Red Dot Capital, a Temasek holdings-backed growth fund, and Singtel Innov8.

“Most organizations today have several relationships spanning on-premises object storage and large public cloud vendors, all of which have various benefits for unstructured data storage,” said George Crump, president of IT analyst Storage Switzerland. “This multi-cloud ecosystem has created the need for solutions like CTERA that bridge the gap between edge and cloud by ensuring fast file accessibility for users whenever and wherever they need it, and by moving data seamlessly between clouds to take advantage of pricing, available resources, and unique capabilities.”

Trusted by Fortune 100, government organizations and leading service providers, CTERA provides the only cyber-hardened and completely unified file sharing and data protection platform that allows enterprise IT to address the full continuum of global file services from the cloud infrastructure of their choice. CTERA is leading the digital transformation of enterprises to cloud-enabled file services, with millions of corporate users and tens of thousands of cloud-enabled offices worldwide.

Agency Contact:
Jill Rosenthal

CTERA Contact:

Source: CTERA Networks




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

Like us on Facebook

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


Related posts:

  1. Global Demand for Secure Enterprise File Services Drives Another Record Year for CTERA in 2016
  2. Global Demand Drives Hypergrowth and Record Results for CTERA in 2015
  3. CTERA Wins Cloud Storage Product of the Year at 2014 SVC Award Ceremony
  4. Global Demand for Secure File Services Drives Record Results for CTERA in 2017
  5. CTERA Receives 2014 Cloud Computing Product of the Year Award
  6. CTERA Introduces Powerful New Enterprise Cloud Storage Gateways
  7. Fortune 100 Financial Services Firm Selects CTERA For 50,000+ Enterprise File Sync and Share Licenses
  8. CTERA Networks Closes $25 Million Series C Round To Usher in the Platform Era for Enterprise Cloud Storage
  9. CTERA Networks Recognized in Gartner’s Magic Quadrant for Enterprise File Synchronization and Sharing
  10. New CTERA Platform Enhancements Simplify Cloud Migration and User Security for Enterprise File Services and Data Protection