213% Y/Y Sales Growth in 1Q16 for Infinidat

INFINIDAT, Ltd., provider of enterprise storage solutions, announced its Q1 2016 results, reporting that the company achieved 213% sales growth over Q1 2015.

Shipments of the InfiniBox enterprise storage array to new customers increased by 300% versus Q1 2015 and now amounts to 422PB worldwide.
 
INFINIDAT continued to expand its reseller and distributor channels in Q1, capturing close to half of its revenue from the channel. It signed agreements with additional resellers and distributors in Q1, increasing its list of global channel partners to 204.
 
“Our quarterly sales growth continues at a triple-digit pace and is a direct result of our expansion across sales channels and around the globe,” said Moshe Yanai, INFINIDAT founder and CEO. “This growth also includes repeat sales from our existing customer base, proving our ability to deliver on the promise of a high performance, scalable and reliable storage solution. With the InfiniBox storage array, companies are finding that they can reduce their TCO and better utilize their most important asset – their information – for a greater competitive advantage.”
 
One of INFINIDAT’s Fortune 500 customers has ordered additional storage arrays five times over the last four quarters and now has over 10+PB of InfiniBox storage spread across multiple sites. The customer is using the platform for everything from tier 1 applications, such as their databases and virtual environments, to their data protection environment.
 
INFINIDAT continued to achieve sales traction in key vertical markets in Q1, reporting that 25% of sales was to firms in the finance sector, 16% was in healthcare and life sciences, 16% was in telecommunications and  cloud services, and 15% was in the technology services sector.

INFINIDAT added several brand name customers in Q1, including Houston Methodist Hospital (healthcare), Whipcord (cloud services provider), Sizemek (video cloud campaign management), Menora Mivtachim (insurance), Ofek Technologies (cloud computing solutions), Bezeq International (telecommunications), and Colmobil Corporation (motor vehicle importing and distribution).
 
Some of INFINIDAT’s new customers have commented on the value InfiniBox has provided in their environments.

“We were looking for a storage solution that would be highly reliable and less time-consuming to manage, in order to meet the increasing demands of our cloud customers,” said Dan Hamilton, VP of technology, Whipcord. “With InfiniBox, we obtained more than improved storage system management; we now have the ability to scale our storage capacity as needed and deliver “seven nines” of reliability that gives our customers peace of mind. Our high touch service has always differentiated us, so with the ease of use and stellar performance InfiniBox delivers, our team has more time to focus on the customer.”

“We were looking for a reliable and robust storage system that would allow us to reduce the cost of ownership while increasing our competitive advantage,” said Avi Pollak, CIO, Menora Mivtachim, an Israeli insurance company. “We are thoroughly impressed with the InfiniBox and its ability to provide us with improved performance and simple management while dramatically reducing our OpEx and CapEx.”
 
INFINIDAT also formed a technology alliance with SAP during the quarter, adding to its list of technology partners, which includes Cisco, Brocade, Commvault, IBM, Microsoft, Oracle, Red Hat, and VMware.