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60% Q/Q Sales Growth in 2Q16 for Infinidat

And 100% Y/Y

INFINIDAT, Ltd announced its 2Q16 results, reporting over 60% quarter over quarter sales growth.

The company also achieved 100% sales growth in 2Q16 over 2Q15.

INFINIDAT continued to forge reseller and distributor partnerships in 2Q16, capturing over 50% of its revenue through the channel.
 
2Q16 customer wins for the InfiniBox enterprise-proven storage system doubled the number of wins achieved in 1Q16. The company closed new deals with several existing customers and added numerous new brands to its customer roster. One of INFINIDAT’s existing Fortune 500 customers in the financial services sector has continued to order new storage arrays over the past year and is now up to 25PB of InfiniBox storage spread across multiple sites.
 
Our message of flash-optimized storage innovation is resonating, especially with enterprise customers who require performance, capacity and reliability at a reasonable cost,” said Moshe Yanai, INFINIDAT founder and CEO. “We’ve assembled the top sales, engineering and service teams in the storage industry, who are collaborating tirelessly with customers and partners to deliver a high performance, scalable and reliable storage solution to meet enterprises’ business needs.”
 
INFINIDAT continued to achieve sales traction in key vertical markets in 2Q16, reporting that 32% of sales was to leading firms in the finance sector, 28% was in technology, telecommunications and cloud services, and 24% was in healthcare and life sciences.

The company added several new customers in 2Q16, including BT (communications services provider), HMSA/Hawaii Medical Service Association (health insurer), Triple C (cloud services provider), and Credit Andorra (financial services).  
 
Two of recently-implemented customers have commented on the value InfiniBox has already provided in their environments:
 
With InfiniBox, we’re obtaining the high performance and exceptional reliability we need to meet our technology goals,” said Michel Danon, SVP and CIO, HMSA. “At the same time, we’re getting the best overall storage pricing and exceeding our cost objectives.”
 
InfiniBox has delivered the outstanding performance we require as we serve some of the most data-intensive industries, such as energy,” said Richard Higgs, CEO, Brightsolid. “Flexibility is one of our key priorities and the scalability of the InfiniBox platform meets this requirement, particularly where customers need to quickly spin resources up and down depending on business demand and budget.”
 
In 2Q16, INFINIDAT announced its offices in Canada and Latin America and made inroads in several other global markets.

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