Record Revenue for ExaGrid

ExaGrid Systems, Inc. announced its most successful quarter to date with record revenue in 3Q14 while marking the company’s third consecutive quarter as both cash and P&L positive.

“The market is really starting to understand what sets ExaGrid apart from other vendors, specifically the backup performance and restore perform ance advantages of the ExaGrid landing zone and scale-out GRID architecture,” said Bill Andrews, CEO, ExaGrid. “2014 will be a record revenue year for the company, and we expect to be both cash and P&L positive for the year overall, and also for each individual quarter.”

In addition to these financial milestones, ExaGrid led the industry in 3Q14 with other accomplishments, across three key categories:

Industry Momentum and Recognition

• Signed its 2,000th customer, adding to the roster of organizations around the world that rely on its backup solutions every day.
• Positioned in the Visionaries quadrant of Gartner’s first Magic Quadrant for Deduplication Backup Target Appliances.

Innovation

• Released version 4.7 of its software with 14 appliances in a single GRID and 16 sites in a major data center cross-protection topology.
• Awarded its seventh U.S. patent for Method and Apparatus for Content-Aware and Adaptive Deduplication. The new technology performs deduplication and replication in parallel with nightly backups.

Partnerships and Support

• Expanded its partnership with Veeam, introducing the integrated ExaGrid-Veeam Accelerated Data Mover, which enables faster, more efficient ,kup and recovery of VMs as well as synthetic fulls that are up to six times faster.
• Added support for four additional backup applications now for more than 25 backup applications, utilities, and database dumps.

ExaGrid og-ffers a backup solution that permanently fixes the backup window and offers fast restores.

“As data volumes continue to grow, we’re seeing a tremendous pickup in momentum, especially in larger deployments where customers have over 100TB of data to backup,” said Andrews. “For them,w orking with ExaGrid means having a fast and reliable backup storage solution that fixes the length of the backup window as the data grows.”