59% Sequentially Growth for Nexenta in 3Q10

Nexenta Systems, Inc. announced that the third quarter of 2010 marked further acceleration of its growth, including 59 percent quarter on quarter growth, the achievement of their 2,000th customer deployment, and a strategic investment from a major customer and a related venture fund.

Other achievements in the most recent quarter include expansion of the company’s partner programs, additional on-site and off-site training programs, additions to Nexenta’s team, and the first OpenStorage Summit in Palo Alto, Calif. on October 26-27. Through its performance and the OpenStorage Summit, Nexenta is ushering in a new era in enterprise storage by offering storage solutions which replace legacy storage technologies that lock in customers to rigid architectures.

NexentaStor is an independent storage solution built on open source ZFS file system. With NexentaStor, customers experience the benefits of enterprise storage including high performance and air-tight data integrity, multiple replication methods and in-line data deduplication, without relying on the vendor lock-in and outdated technologies of legacy storage vendors. Nexenta’s customers save up to 80 percent on storage costs while benefiting from NexentaStor’s superior storage functionality, tight integration across virtualization products, and faster development cycles versus legacy, proprietary storage products.

Partner, Customer, and Financial Growth
In the third business quarter of 2010, Nexenta exceeded all of its customer, sales, and partner goals, including:

• Sales: In the third quarter of 2010, Nexenta experienced an approximately 59 percent growth in sales – a further acceleration from the growth experienced in the first half of 2010, and the company’s tenth consecutive quarter of on-plan sales performance.
• Customers: NexentaStor has now achieved over 2,000 total commercial deployments, with 160 customers added in the third quarter of 2010 alone. In addition, over 3,600 new users registered for free trials or the Community Edition during the most recent quarter.
• Partners: Nexenta now has over 135 companies that are members of the Nexenta Reseller Partner Program. Several have made the transition from entry-level partnerships to Certified Nexenta Resellers. In addition, Nexenta’s Technology Partner Program has expanded to include cloud management software vendors Abiquio, Desktone and Cloud.com, and several solid state drive (SSD) makers.
• Financial Stability: While increasing the size of its team by 100 percent, and making sizable investments in engineering, sales and marketing, Nexenta maintained cash flow breakeven.

Other milestones for the third quarter of 2010 include:

• Increased Global Presence: Nexenta has seen marked growth in all markets, particularly in Europe and Asia, as exemplified by its new partnerships with Nordisk and Aberdeen in the United States, open systems providers E4 in Italy, and Compumedia in Israel as well as a strategic relationship with Korea Telecom, and other leading companies in the Asia Pacific Region.
• Joint-Certified Solutions: Nexenta has jointly certified two new solutions from hardware vendors including the SAS switch from LSI and the SBB storage platform ‘Cluster in a Box’ from Supermicro.
• Acceleration in Large Cloud Deployments: Nexenta has seen large cloud deployments accelerate, most notably the cloud deployment at Korea Telecom, which is amongst the fastest clouds.
• OpenStorage Summit: This month, Nexenta hosts the first OpenStorage Summit in Palo Alto, Calif. Sponsors of the event include Area Data Systems, High-Availability.Com, Aberdeen LLC, LSI Corporation, and Nordisk Systems, Inc. Speakers and presenters include Nexenta’s CEO, Evan Powell, Terri McClure, data storage analyst from Enterprise Strategy Group, Daniel Beveridge, senior desktop architect in the office of the CTO at VMware, and Richard Elling, senior director at Nexenta, who discussed the results of joint testing of NexentaStor as the foundation for XenDesktop deployments with Citrix. Additional presentations were made by Scott Cleland, senior manager of channel product strategy at LSI, and Robert Read, WhamCloud’s principal engineer and a noted expert on the Lustre HPC computing platform. There werel also a presentation by ZFS co-creator and Nexenta Advisor Bill Moore.

This month also marks Nexenta’s receipt of funding from Translink Capital, a U.S.-based venture capital fund with close relationships with a number of Nexenta customers, including co-investor Korea Telecom, as well as additional investment from existing investors Javelin and WTI. The endorsement of Nexenta by strategic investors and customers serves as yet more recognition that Nexenta is emerging as a leader of a fundamentally better enterprise storage industry.

"We are experiencing and helping to lead a transformation of the enterprise class storage industry," said Evan Powell, CEO of Nexenta. "I’m particularly proud of the quality of the team we’re building, the partners we’re attracting, and especially the customers such as Korea Telecom that trust their business to NexentaStor."

Read also:
Nexenta Achieved 414% Increase in Y/Y Quartely Revenue
And has now 1,000 commercial deployments, including 241 in 1Q10.