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|ExaGrid, Provider of Intelligent Hyperconverged Storage for Backup, Reports Record Annual Revenue for 2018|
|Posted: Thu Jan 03, 2019 11:47:03 AM|
Company announces 20% annual growth
Marlborough, Mass., January 3, 2019 – ExaGrid®, a leading provider of intelligent hyperconverged storage for backup, today announced record revenue for the full year of 2018. ExaGrid’s revenue grew 20% in 2018 over 2017. The company is growing faster than the overall market and continues to grow its market share position. Demonstrating growing demand on the part of enterprise IT environments for a superior solution that’s also cost effective, ExaGrid added over 100 new customers in the 4th quarter of 2018
“ExaGrid had an excellent year in North America, Latin America, EMEA and APAC,” said Bill Andrews, CEO and President of ExaGrid. “We are gaining momentum as our growth percentages demonstrate. In 2016, ExaGrid reported 12.2% growth; in 2017, 14.5%; and in 2018, 20%. The corporate goal is a growth rate of 25% in 2019 and 30% in 2020.” ExaGrid has continued to added global sales teams and now covers over 30 countries worldwide. The company will continue to expand its global reach with the goal of covering over 50 countries in 2020.
Andrews reports that customers in record numbers are turning to ExaGrid out of frustration with poor performance and excessive cost incurred when using disk behind backup applications with deduplication. Similar performance and cost complaints are heard from customers using inline deduplication products such as Dell EMC Data Domain and HPE StoreOnce. “ExaGrid’s unique scale-out architecture with a landing zone and adaptive deduplication beats every solution on the market when it comes to backup performance, restore performance, cost up front, and cost over time. In addition, ExaGrid eliminates forklift upgrades and product obsolescence.”
For the year 2018, ExaGrid reports the following results:
ExaGrid is the only provider of intelligent hyperconverged storage for backup that overcomes the three compute challenges of backup storage with data deduplication. All backup storage and backup software vendors reduce storage and bandwidth to varying degrees but are impaired by sluggish ingest rates due to the fact that they perform data deduplication ‘inline.’ In addition, because they only store deduplicated data, restore speeds and VM boots are also very slow. Deduplication that is built into the backup software is far less aggressive, uses a larger amount of disk, and is much slower for backups and restores.
ExaGrid’s ingest is 3 times faster – and restores/VM boots are up to 20 times faster – than its closest competitor. In addition, since each ExaGrid appliance that is added to an existing system brings compute with capacity, the backup window remains fixed in length even as data grows. Only ExaGrid uses a scale-out architecture with a unique loading zone, which addresses all of the scalability and performance challenges of backup storage. ExaGrid not only delivers the fastest backups and restores, but is the only solution that truly scales, provides a fixed length backup window as data grows, and eliminates forklift upgrades as well as product obsolescence.
ExaGrid’s published customer success stories and enterprise stories number over 360, more than all other vendors in the space combined. These stories demonstrate high customer satisfaction 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.’