3,116% Three-Year Growth for Axcient

Axcient Inc., in cloud solution for DR and BC, announced three
year growth of 3,116%, which is greater than overall industry growth
forecasts.

Analysts have said they expect the DraaS market to grow at a
compound annual growth rate of 55.2% and to reach $5.7 billion by
2018. Earlier this month, Inc. Magazine
named the company the No. 1 fastest growing security company in the
U.S. and the No. 4 fastest growing company in Silicon Valley.
Overall, it was No. 110 on the Inc. 5000 list.

"During the past 12 months, we’ve experienced strong
growth in our revenues, our channel partnerships and the amount of
data being protected by Axcient’s cloud service. This is all
indicative of the growing need for a reliable cloud-based solution
for making sure that companies’ information is protected and that
critical business applications are always available," said
Justin Moore, CEO, Axcient. "Traditional solutions for
backup, BC and DR no longer satisfy the needs of today’s businesses
and Axcient’s growth is proof of that. We are again honored to be
acknowledged by Inc. Magazine, and to see more partners and
businesses seeking our innovative solution, which replaces multiple
legacy solutions and simplifies and reduces the time to protect and
restore critical corporate data and applications."

The company saw a shift among companies moving away from
unreliable tape backup solutions toward more integrated and secure
cloud-based platforms. Today, it has more than 3,500 customers. And,
during the past three years, the company has increased the number of
channel partners reselling Axcient by 600%, to 1,550 partners,
including All Covered Inc., a division of Konica-Minolta, Thrive Networks, a
division of Staples, and Ingram Micro, Inc., a large distributor of
cloud services. Axcient also has a strategic technology and marketing
alliance with Hewlett-Packard Development Company LP – which ranked Axcient as its
AllianceOne partner of the year – for the local appliance that is
installed at customer sites.

The amount of data being stored in the company cloud has grown to
over 4PB – comprised of more than 15 billion files and applications
– over the past 12 months. And with approximately 1PB of data being
added each quarter and accelerating, the company expects to double
the amount being stored in the cloud in less than a year.

The largest
deals booked in 2013, in terms of monthly recurring revenue are 230%
higher than those booked in 2012. This trend is driven by the
increasing focus on mid-market and larger enterprises, such as
DataSafe, Budget Rent-a-Car and Union Bank, which need protection for
their multisite operations as well as a lower-cost alternative to
building their own data centers. Success in the mid-market is further
enabled by the recent deployment of storage architecture, also
announced, as well as the 300 features and enhancements rolled out
during the past year alone.

What’s Driving the BC/DR Market?
Aberdeen
Group’s (Harte-Hanks Company) published research report, BC and
DR: Don’t Go it Alone, reported on the top four pressures driving
organizations to launch a BC/DR plan and fueling industry growth.
These included risk of business interruption, business or regulatory
requirements, cost of downtime and loss of business critical data.

"Our data shows that risk of business interruption is the
number one reason companies implement or update their BC/DR plans,
processes and technologies," said Robert Bready, research
director and author of the report, Aberdeen Group. "This is
no surprise, considering our research found that the average cost per
hour of downtime was $163,674."

To address the variation in cost of downtime among companies of
different sizes and industries, he company has launched a cost of
downtime calculator used by partners and customers to assess the cost
associated with revenue, productivity and data loss, and generate
custom reports tailored to their business.