SolidFire Records Average 50% Increase in Sequential Quarterly Bookings in 2014

SolidFire, Inc. closed out the year with an average 50% increase in sequential quarterly bookings in 2014, while its enterprise business grew 570% over the previous year.

Enterprise customers represented over 50% of bookings in Q4, while the service provider segment also continued to grow rapidly.

The company grew its Cloud Builder reseller channel to over 100 partners in 2014, driving channel contribution to over 60% of total bookings with enterprise wins from Endicia, ezVerify, Gearbox Software, The Leavitt Group and Wagner Equipment Co.

Over 90% of total enterprise bookings for the year involved a Cloud Builder channel partner, highlighting SolidFire’s channel-centric strategy.

The company continues its leadership position with service providers by more than doubling the number of businesses leveraging service provider infrastructure.

Now, an estimated 58,000 businesses worldwide are fueled by SolidFire storage infrastructure, with the company adding several new service provider customers including Lunacloud, HOSTING, Hosted Network, Immedion, Rackforce Networks, Inc., and Richard Fleischman & Associates in the last quarter.

“SolidFire exceeded all expectations in 2014,” commented SolidFire’s founder and CEO, Dave Wright. “We have seen demand for large-scale flash infrastructure accelerate pace not only here within North America, but across EMEA and APJ as well. SolidFire’s storage platform doesn’t stop at helping customers meet immediate performance challenges. We enable storage to be the most transformative element within customers’ datacenter infrastructure, helping them drive greater automation and scale across their businesses. As we look forward in 2015, SolidFire plans to continue expanding our market reach with unique storage solutions aligned to the many different ways that customers are consuming storage infrastructure now and in the future.”

As SolidFire also:

• Secured $82 million in Series D funding, bringing total funding to $150 million.
• Received the highest product score for overall use case in Gartner’s 2014 Critical Capabilities for Solid-State Arrays (3.43 out of 5) and was recognized as a Visionary in Gartner’s 2014 Magic Quadrant for Solid-State Arrays.
• Shipped the 3rd generation of SolidFire’s SF Series product line and 7th major Element OS software release.
• Shipped storage systems to more than 20 countries.
• Doubled its employee base to over 300 people worldwide.

Throughout 2014, customers continued to take advantage of SolidFire’s fine-grain QoS (QoS) control to support a broadening set of tier 1 and tier 2 applications.

In a recent TechValidate survey, customers identified QoS, Scale-Out architecture and In-line Data Reduction as key features driving their decision to purchase and deploy SolidFire.

Additional surveys showed that over 80% of enterprise and service provider customers have seen end-user satisfaction improve as a result of implementing company’s all-flash platform.