52% Y/Y EMEA Revenue Growth for Panasas

Panasas, Inc., in high performance parallel storage for technical computing applications and big data workloads, has realized revenue increases across the EMEA region.

The company saw 52 percent revenue growth in EMEA during the first three quarters of 2011, compared to the same period last year. Third quarter revenue registered a 168 percent increase compared to 2010.

"In 2011, we focused on expanding our product portfolio and building our regional infrastructure to strengthen our worldwide footprint," said Faye Pairman, president and chief executive officer of Panasas. "As we turn our sights to delivering high performance scale-out NAS products to the broader commercial market, we anticipate continued success in all of our key verticals and global regions."

Demand for the Panasas ActiveStor 12 high performance parallel storage appliance drove growth across all vertical segments in EMEA. The company saw 56 percent year-over-year growth in the energy sector while manufacturing grew by 60 percent. The region’s financial sector fueled the most notable growth at nearly 340 percent. Panasas attributes its success in this sector to the advantages its parallel storage systems offer over traditional scale-out NAS for the extreme performance requirements of major financial institutions, many of which have European headquarters.

Revenue from advanced research institutes recorded close to 200 percent year-over-year growth despite the tough economic climate that is forcing many research facilities to cut IT budgets aggressively. Panasas storage provides the performance, scalability, and ease of management these institutions require to consolidate their storage and to deliver results quickly and economically, as demonstrated by the recently announced ALICE supercomputing project at the University of Leicester.

"We’ve worked hard this year to build the team that is championing this expansion into new geographies. The resulting growth across a broad range of industries in the region is evidence that our work is paying off," said Anthony Yeates, vice president of sales for EMEA. "Our PanFS parallel file system and ActiveStor 12 high-performance storage appliance have helped drive big wins in the largest, most established European markets as well as the emerging Eastern European and Middle East markets. This broad acceptance of our products will assure our long-term growth and health in this important region."