Nimbus Achieves Profitability and 2010 Record Revenues
But no one figure revealed
This is a Press Release edited by StorageNewsletter.com on February 14, 2011 at 3:18 pmNimbus Data Systems, Inc. achieved profitability in its fiscal year ending December 31, 2010, capping a year of record-setting revenue, customer adoption, and awards for its Sustainable Storage platform and intelligent flash memory systems.
"Today’s announcement of achieving profitability marks Nimbus’ maturity from an innovative startup to an established storage player intent on achieving rapid market expansion, unmatched innovation, and leadership in the emerging sustainable storage and flash memory storage market," stated Thomas Isakovich, CEO and founder of Nimbus. "Our commitment to customer satisfaction and responsible growth reflects in this important company milestone."
Nimbus also achieved record customer adoption, particularly in Q4 2010, the first full quarter of shipments for its S-class Sustainable Storage platform and HALO storage operating system. New Nimbus customers include Web 2.0 companies accelerating their Oracle and SQL database clusters with terabytes of network-attached flash, government agencies building high-performance analytics engines on top of Nimbus systems, and rich media organizations accelerating content production and distribution with faster, more efficient network storage.
In addition to unveiling the S-class, the most intelligent, scalable and versatile flash memory system, Nimbus also received prominent recognition for its innovation three times:
- Winner of the Best Midrange Storage System of 2010, Tech Awards Circle
- Finalist for Storage Product of the Year, Storage Magazine / SearchStorage.com
- Most Promising Storage Startups, StorageNewsletter.com
"We have been predicting that solid state storage will be the dominant storage type in the data center within the next five years," said George Crump, Lead Analyst at Storage Switzerland. "Solutions like those from Nimbus that offer a pure solid state solution on a highly reliable platform with complete storage services are a critical part of this transition. Nimbus’ achievement of profitability in the same year that it launched its sustainable storage system is proof that they are on the right track."
Comments
Last April 2010, CEO Tom Isakovich told us that sales were "in single digit million of dollars" and that the start-up was profitable since 2009 and debt-free.
During our meeting, he was accompanied by French Jose Rodrigues, just recruited for Europe and that was formerly at StoreAlliance, Dell/EqualLogic and Veritas. Rodrigues has already left Nimbus to join Accellion.
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