Panasas Revenues Grew 40% in 2010

Panasas, Inc. achieved record revenue in 2010, increasing by more than 40 percent for the year. Building on five consecutive years of revenue growth, Panasas plans to ramp employee headcount by more than 50 percent across several key functions including engineering, sales and marketing in 2011.
 
The company attributes its growth to the introduction of Panasas ActiveStor 12 (PAS 12), a fast parallel storage system and success in vertical markets including energy, government, bioscience, and other core research and development sectors. The company’s global reach extends to 50 countries, with individual HPC installations supporting more than four petabytes of data storage in a single global namespace.
 
"Panasas is one of the best known and most respected vendors in the HPC storage market, which IDC projects will continue to exhibit healthy growth over the next five years," said Steve Conway, IDC research vice president, High Performance Computing. "With its experienced leadership and strong portfolio of HPC products, Panasas is well positioned to capitalize on the increasing needs for HPC storage and data management in the government, academic and commercial sectors."
 
Technology
Panasas recently launched PAS 12 featuring the Panasas PanFS parallel file system. PAS 12 delivers improvement in both parallel HPC performance as well as traditional NFS for scale-out NAS. Panasas continues to play a role in the storage industry-wide roll-out of pNFS, a networked storage standard that aims to bring HPC performance to broader markets.
 
Expanded Executive Leadership
Panasas is now positioned to benefit from the executive leadership team it put in place over the course of 2010, starting with the hire of Faye Pairman, president and chief executive officer, and with the hires of Barbara Murphy, chief marketing officer; Bill Ribera, vice president of sales; and Celeste Baranski, senior vice president of engineering and operations.
 
"As we acknowledge the many successes Panasas achieved last year, the company is laser focused on growing the team to deliver compelling products, win new verticals, and continue to increase market share in 2011 and beyond," said Faye Pairman, president and CEO of Panasas.
 
Industry Awards

• HPCwire Readers’ Choice Award for the Best HPC Storage Product or Technology (Panasas ActiveStor parallel storage products)
• HPCwire‘s People to Watch in 2011 (Faye Pairman)
• InfoWorld The Best CTOs of 2010  Award (Garth Gibson)