Neverfail Grows 61% in FY08

Neverfail announced that the company grew by 61 percent during the company’s fiscal year ending March 31. Neverfail’s 2007/8 growth far exceeded market expectations for host-based storage replication, which IDC estimated at 25.4 percent growth over 2006. The overall storage replication market for 2007 was $2.66 billion worldwide with host-based replication accounting for 11.5 percent or $305 million, according to IDC1.

"The host-based replication market shows strong adoption in particular for deployments in mid-size businesses, departmental applications in larger enterprises and remote and branch office deployments. While the entire storage replication market shows strong projected growth rates with a 13.6% CAGR between 2006 and 2011, of note, the host-based replication segment is outpacing the overall market growth with a 21.8% CAGR over the next five year period,” said Laura DuBois, Program Director for Storage Software at IDC. “Neverfail is a company capitalizing on this opportunity with solid go-to-market execution, application integration and virtualization support.”

Among the company’s highlights this year was:

Signing of a partnership with Vodafone UK, part of the world’s leading international mobile telecommunications group, to offer a co-branded service for BlackBerry Enterprise Server customers
Worldwide expansion into the Middle East, Australia and Asia Pacific
Launch of Neverfail’s Application Management Framework to focus on automation of application availability
Launch of Neverfail for VMware® VirtualCenter to protect operational control of VMware’s Virtual Infrastructure
Major customer wins encompassing both small and medium-sized businesses, as well as larger companies named on the Fortune 1000 and Global 2000 lists
Significant growth in verticals such as financial services, technology, government, healthcare and manufacturing

“After a little more than a year as Neverfail’s CEO, our growth has beat even the high expectations I had set and I couldn’t be more pleased,” said Peter Parker, Neverfail Group CEO. “It is notable that our fourth quarter growth was up by 93 percent over the same period last year – clearly, the changes we’ve made in the last year are bearing fruit. We remain committed to our vision of creating a world where business applications are continuously available.”

“Hollywood never rests, so neither can Thomson Technicolor’s Memphis HES DVD Distribution Center. We’re charged with running a 24×7 operation to distribute DVDs from the top movie studios to retailers around the country,” said Jim Tessier, senior server engineer for Thomson Technicolor. “We chose Neverfail because we quite simply can never fail. While business continuity was our primary driver, we selected Neverfail also because it saves us money and time by providing a cost-effective option that is highly intuitive and easy-to-use, so we don’t have to spend time on training. To top it off, Neverfail’s support organization treated us like a customer before we even purchased the product. You just don’t see that very often.”

Neverfail’s best selling products include Neverfail for Microsoft SQL Server, Neverfail for Microsoft Exchange and Neverfail for BlackBerry Enterprise Server. The company offers the widest range of solutions for Windows-based applications including SharePoint, File Server, IIS, IBM Lotus Domino Captaris RightFax and VMware VirtualCenter. Neverfail’s products can be implemented in physical and virtual environments and over a LAN or WAN which offers businesses the ability to locate their secondary server in the next room or across the globe. Neverfail’s offerings are available worldwide through more than 850 channel partners and distributors or direct.

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