Nimble Achieves 500% Growth From 4Q10 to 4Q11

Nimble Storage closed the last year with record growth and revenue.

Nimble Storage achieved 500 percent growth over the same quarter in 2010 and 80 percent quarter-over-quarter growth, while adding more than 100 new customers in Q4 alone.

The company is the industry’s most successful storage companies at a similar stage. It also expanded into Canada and the European market, opening offices in Vancouver, Toronto, London, Amsterdam and Hamburg. Current customers include Grocery Outlet, Premier Medical, Howard Rice and Plaxo, and represent industries including retail, services, financial, government, legal and healthcare.
 
To support its international sales growth and bolster R&D, last July the company raised $25 million in an over-subscribed Series D round of funding led by Artis Capital Management, which was joined by existing investors Accel Partners, Lightspeed Venture Partners and Sequoia Capital. To date, the company has received total funding of $58 million. Demand for its products also drove employee hiring, particularly in engineering and sales, bringing the company’s total to more than 150 employees, up from 38 a year ago.
 
"Nimble Storage designed its CS-Series arrays to be simple to buy, simple to install and simple to use. The system takes the guesswork out of having to optimise and re-optimise for changing workloads—allowing storage and virtualisation administrators to concentrate on higher-value business objectives," said Steve Duplessie, founder and senior analyst of Enterprise Strategy Group. “If Nimble Storage continues to execute as it has, it will have the opportunity to alter the storage landscape as we know it. Eliminating guesswork and automating the optimisation of the two primary metrics—performance and cost—will have the IT community singing the praises of the company."
 
Industry Recognition

• Cool Vendor: Analyst firm Gartner chose Nimble Storage as one of six Cool Vendors in Storage Technologies for 2011. The list highlights interesting new vendors that have caught Gartner’s attention with innovative technologies that have or will have a business impact.
• The Next Big Thing: The Wall Street Journal‘s The Next Big Thing list identifies and ranks venture-backed companies that have the capital, executive experience and investor know-how to succeed and make waves in their industry.
• FASTech 50: This list, selected by Dow Jones VentureWire and a board of leading venture capitalists, identifies technology start-ups with the most innovative and investment-worthy technologies.
• Execellence Award for Coolest New Technology: This award, which recognises innovative companies and technologies, was granted at the Exec Event for Virtualisation and Cloud.

During 2011, Nimble Storage added to its product line
at both the high and low end of the market:

• CS210: The entry-level CS210 brought enterprise SAN functionality and performance.
• CS260: It provides a five-fold increase in storage density over high-performance arrays offered by other providers.
• OS 1.1: This operating system upgrade offers a vCentre plug-in that simplifies the management of storage for VMware virtual machines.
• Industry Alliances
• VMware-Ready Certification: CS-Series storage arrays are certified for interoperability with VMware ESX 4.0 and 4.1 and 5.0 server virtualisation software platforms.
• Citrix Ready Certification: CS-Series arrays are verified as Citrix Ready for virtualised XenServer environments and in VDI deployments involving XenDesktop.
• CommVault IntelliSnap Connect Program: Nimble Storage joined CommVault’s program, enabling its arrays to integrate with CommVault’s Simpana SnapProtect software.
• Microsoft: CS-Series arrays are Microsoft logo certified, and integration with Microsoft VSS ensures application-consistent backups of Exchange, SQL Server and SharePoint.

"We ended last year with orders that were almost twice what we thought was feasible at the beginning of the year. Nimble Storage has been able to capitalise on our disruptive technology with strong execution across the board to achieve a level of maturity unmatched by most young companies," said Suresh Vasudevan, CEO of Nimble Storage. "We believe that we can continue to set a scorching pace in terms of top-line growth, customer acquisition and geographic expansion as well as in broadening our channel partner base this year."