Caringo Grew 50% in 4Q17 From 4Q16, Up 40% Y/Y

Caringo,Inc. announced sales growth of 50% in the fourth quarter of 2017 when compared to the same period in 2016 and upwards of 40% year-over-year growth.

This was achieved through a mix of existing customer expansion and new customer acquisitions in the media and entertainment, IoT, government, research and financial sectors.

To help capitalize on the increased momentum, the company also announced the appointments of industry veterans Kiran Agrahara as principal solutions architect and Charles Portnoy as regional sales manager, federal and Southeast. 

“Our continued focus on innovation and delivering value to existing and new customers has resulted in solid growth in sales from 2016 to 2017, and we start the year with our strongest and highest quality pipeline ever,” said Jonathan Ring, CEO and founder. “To meet the current demand for our products, we will continue to grow our Sales organization and are pleased to announce the hiring of Charles Portnoy and Kiran Agrahara. Their impressive experience is the ideal match for the tremendous opportunity we see in the media and entertainment, HPC, research/higher education and Federal government verticals.”

Kiran Agrahara brings over 20 years of experience as a technologist and solutions architect in the storage, virtualization, networking and security markets. At Formation Data Systems, he helped develop a converged data platform for enterprise data centers. He received his Bachelor of Engineering degree in Electronics and Communications Engineering from the Bangalore Institute of Technology and continued with post-graduate studies at Rutgers Business School.

Charles Portnoy‘s career spans over 20 years in both sales and executive management positions. He was most recently the senior director of sales at Formation Data Systems where he was responsible for developing and managing worldwide sales for the company. He received a BA in Communications, Computer Design Engineering from the State University of New York.