Double Digit Growth in Revenue for 4CQ16 and in 2016 for Exagrid

ExaGrid Systems, Inc. announced record revenue for Q4 2016.

In addition, Q4 was the company’s 12th consecutive cash positive quarter.

ExaGrid grew double digits over the previous quarter and same quarter of the prior year as well as for the year of 2016 over 2015.

ExaGrid is growing faster than the overall market and continues to grow its market share position.

Marking continued success in its upmarket move into enterprise accounts, ExaGrid also achieved a record number of six-figure new customer opportunities in the 4th quarter.

“ExaGrid had a strong record quarter in both North America and EMEA, and was cash positive for the 12th consecutive quarter,” said Bill Andrews, CEO and president. “We are seeing a record number of customers move to ExaGrid’s next generation approach from the first generation inline/scale-up deduplication appliances as well as from backup software with deduplication to disk. Customers that deal with the day-to-day complexities of backup understand the unique value that ExaGrid’s scale-out architecture with landing zone brings to their data center environment.“

ExaGrid’s second generation backup storage company overcomes the three compute challenges of backup storage with data deduplication. All backup storage vendors reduce storage and bandwidth to varying degrees but provide slow 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.

ExaGrid’s ingest is three times faster – and restores/VM boots are up to ten times faster – than its closest competitor. In addition, since each ExaGrid appliance adds compute with capacity, the backup window remains fixed in length as data grows. ExaGrid uses a scale-out architecture with a loading zone, which addresses all the scalability and performance challenges of backup storage.

For the year 2016, ExaGrid:

• Achieved a record bookings and revenue year
• Maintained cash positive status across all four quarters and for the year overall
• Announced the addition of three new strategic partnerships with Zerto Ltd, Nimble Storage, Inc., and Pure Storage, Inc.
• Won Storage Magazine‘s Gold Product of the Year, Backup Hardware
• Was voted SVC Awards’ Product of the Year, Backup and Recovery/Archive
• Was rated #1 Recommended Deduplicating Backup Appliance in DCIG’s 2016-17 buyer’s guides
  

“ExaGrid has over 300 published customer success stories on its website, which is more than all other vendors in the space combined,” said Andrews. “This demonstrates how satisfied customers are with ExaGrid’s architectural approach, product, and customer support.“