Revenue of Exagrid in 2Q15 Climbs 21% Over 2Q14

ExaGrid Systems, Inc. is continuing its growth in the disk-based backup market, with record bookings and revenue in Q2 2015.

It grew bookings 28% over the same quarter a year ago, and grew revenue 21% over the same period last year.

This is the best bookings quarter and best revenue quarter in the history of the company.

In addition, this was ExaGrid’s sixth consecutive quarter as both cash and P&L positive, following double-digit growth in 2014.

“ExaGrid continues to move up market into larger accounts, and in Q2 2015, ExaGrid’s ASP was the highest in its history,” said Bill Andrews, CEO of ExaGrid. “ExaGrid has always been strong in the mid-market to small enterprise with customers that have tens to hundreds of terabytes of data, but is now also doing a large amount of business with customers that have multiple hundreds of terabytes of data. The combination of our unique product architecture and moving up market are responsible for our accelerating growth.”

In addition to the financial milestones of record revenue and bookings, ExaGrid continued innovation and international expansion in several other areas as well, announcing the following additional quarterly milestones:

• The release of ExaGrid’s Version 4.8, a software upgrade that increases capacity and improves replication for its backup storage appliances. Version 4.8 expands scale-out GRID capacity to an 800TB full backup in a single scale-out system while adding bandwidth throttling and encryption for WAN replication to improve replication to a DR site.
• Aggressive hiring overseas, including the appointment of a new VP of EMEA and APAC sales – industry veteran Andy Walsky – to address the burgeoning growth of the disk-based backup storage appliance market.
• ExaGrid’s VP of international systems engineers, Graham Woods, winning the coveted Service to Industry Award from Storage Magazine at The Storries XII in London.

  “ExaGrid’s only competitors are the large brand players who have first-generation inline deduplication with scale-up architectures, whether in an appliance or the backup media server,” added Andrews. “These approaches cannot keep up with today’s IT demands for short backup windows, fast restores, and VM boots in the face of data growth. ExaGrid’s unique landing zone with scale-out architecture is the only new generation solution on the market that can handle all of the IT data center’s backup needs.“