130% Y/Y Sales Growth in 3Q16 for Infinidat

INFINIDAT Ltd. announced 130% sales growth in 3Q16 over 3Q15.

The company also achieved over 53% quarter over quarter sales growth and its highest revenue quarter to date.
 
Both North America and EMEA experienced 42% quarter over quarter sales growth, while the UK reported 200% growth.

The firm has now shipped over half an exabyte of capacity with the InfiniBox enterprise storage system and continues to grow its customer base worldwide.
 
“Our growth is attributed to our success at delivering a product that not only meets the requirements of enterprise companies, but consistently outperforms the competition in customer evaluations,” said Moshe Yanai, INFINIDAT founder and CEO. “In order for organizations to provide superior service to their customers, they require high performance, capacity and reliability without exception. With our innovative, flash-optimized InfiniBox storage system, they obtain all three capabilities, and at a cost that helps them realize a low TCO.”
 
INFINIDAT continued to achieve sales traction in key vertical markets in Q3, reporting that over 30% of sales was to firms in the finance sector, 27% in technology, telecommunications and cloud services, and 23% in healthcare and life sciences. The company added several new customers in Q3, including Raymond James Financial (financial services), eHarmony (online services), and Bluelock (cloud services provider).   

“After an extensive evaluation, we happily joined the INFINIDAT customer base,” said Kelley Wood, manager of engineering and architecture, Raymond James. “InfiniBox meets all of our firm’s key storage needs – performance, reliability, capability, and ease of use – and the overall TCO is outstanding. We’re excited about the prospects INFINIDAT brings to Raymond James.“

“INFINIDAT delivers the performance, reliability and scalability they advertise,” said Ninish Ukkan, SVP technology, eHarmony. “In addition, InfiniBox comes with an outstanding TCO that made it the perfect choice for our mission critical applications.”
 
INFINIDAT was named a Visionary for the second year in a row in the Gartner Magic Quadrant for General-Purpose Disk Arrays, published October 31. The company’s position in the Visionary quadrant advanced on both Completeness of Vision and Ability to Execute.’