ExaGrid: Record Bookings and Revenue for 1Q19

ExaGrid Systems, Inc. announced record first-quarter bookings and revenue for 1Q19.

It grew both the bookings and revenue percentage over the same quarter of the prior year, continuing its trend of progressive growth.

“This was our best first-quarter bookings and revenue in the history of the company,” said Bill Andrews, CEO and president. “IT professionals that deal with the day-to-day complexities of backup and recovery understand the unique value that ExaGrid’s scale-out architecture with a Landing Zone brings to their data center environment as well as the resulting impact that value has on the business as a whole.“

In addition ExaGrid achieved the following:
• Increased its worldwide labor coverage in Argentina, Colombia, Dubai, Hong Kong, Italy, Mexico, Poland, South Africa, South Korea, Spain, Taiwan and Turkey.
• Additional integrations with Veeam Software and Zerto.
• Expanded relationship with HYCU to further its penetration into organizations deploying Nutanix with ESXi and AHV.
• Enhanced software so that appliances can sit behind Commvault deduplication and further deduplicate Commvault data by an additional 3X greatly reducing the storage costs behind Commvault. This allows Commvault deduplication to remain turned on.
• Received recognition as a finalist for the Network Computing Awards.

Unlike first-generation deduplication solutions that were either built into a backup application media server or into a scale-up storage appliance, ExaGrid delivers the backup industry’s a true scale-out architecture with data deduplication. It is typically half the cost of the large brand solutions and also improves backup and restore performance by combining Adaptive Deduplication with a unique landing zone.

As the market matures, customers are understanding the performance degradation that data deduplication can have on backup unless a solution is intentionally architected to prevent any such impact. All deduplication solutions reduce storage and WAN bandwidth to a degree, but only ExaGrid solves the three inherent compute problems to achieve faster backups, restores, and VM boots by leveraging its unique landing zone, adaptive deduplication, and scale-out architecture.

“First-generation deduplication solutions can be cost prohibitive for backup storage and are also slow for backups, restores, and VM boots, which is why over 80% of ExaGrid’s newly-acquired customers are replacing Dell EMC Data Domain, HPE StoreOnce, and the Veritas NetBackup 5200/5300 series of appliances with ExaGrid,” Andrews said.

All backup storage vendors reduce storage and bandwidth to varying degrees but provide slow ingest rates because they perform data deduplication ‘inline.’ In addition, because they only store deduplicated data, restore speeds and VM boots are also slow. Because the firm has eliminated the three compute challenges inherent to backup storage with data deduplication, ExaGrid’s ingest rate is 6X faster – and restores/VM boots are up to 20X faster – than its closest competitor.

Unlike the first generation vendors that only add capacity as data grows, ExaGrid appliances add compute with capacity, ensuring that the backup window remains fixed in length. The company uses a scale-out architecture with a loading zone, which holistically addresses all of the scalability and performance challenges of backup storage.