StorPool: 350% Y/Y Revenue Growth in 2016

StorPool Ltd., in distributed storage software specialist, announced that in 2016 it achieved revenues 4.5 times greater than the previous year and has also tripled its customer base.

This represents a year-on-year revenue increase just shy of 350%.
 
The company attributes this growth to the strength of its software, designed for private and public cloud storage builders, and to the rising adoption of software-defined storage.

Such progress is also thanks to a 100% increase in the number of channel partners.
 
Another factor in the company’s 2016 launch of the 13th major version of its software-defined storage technology. The latest release offers native backup and DR features for data protection. The update also includes wider OS compatibility, to include VMware, Windows Server and Hyper-V as well as Linux-based platforms, opening up a greater share of the market for StorPool.
 
The combination of strengthened technology and strategic sales has led to firm’s worldwide installed storage capacity growing by 3.8 times, and amounting to over 5PB.
 
In addition, StorPool’s global spread has increased from a predominantly European client base, which last year accounted for 70% of its business, to:

• 30% of customers in North America
• 20% in Asia and Australasia, and
• 50% in Europe.
   

Company’s growth in the US includes the deployment of its distributed storage software at cloud hosting provider eApps Hosting, selecting StorPool after witnessing its high performance and uptime. In Vietnam, StorPool won over vHost by resolving the service provider’s outage problems as well as increasing vHost’s storage system performance to over 500,000 IO/s.
 
Boyan Ivanov, CEO, StorPool, said: “Last year was a clear inflection point for the software-defined storage market. Previously companies were more inclined to choose a traditional storage array; in 2016 however even bricks-and-mortar businesses started to look at SDS alternatives. As a result, we’ve been winning deals from competitors providing hybrid and all-flash solutions as well as other storage software vendors. We expect this trend to accelerate over the next couple of years.”