Record Bookings and Revenue for Exagrid for 2Q19

ExaGrid Systems, Inc. announced record first-quarter bookings and revenue for 2Q19.

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 bookings and revenue quarter in the history of the company,” said Bill Andrews, CEO and president. “We had a record number of six-and-seven-figure new customer deals in the quarter, which is a trend that continues to build as we gain momentum in large organizations globally.“

The firm also achieved the following:
• Is expanding support in Chile, Switzerland, India, Indonesia and other countries. It has sales staff in countries including Argentina, Australia, Benelux, Brazil, Canada, Colombia, Czech Republic, Dubai, France, Germany, Hong Kong, Israel, Italy, Mexico, Nordics, Poland, Singapore, South Africa, South Korea, Spain, Taiwan, Turkey, UK, United States.
• Has built upon its strategic alliance partner relationships with Veeam Software, HYCU and Zerto. The expanded relationship with HYCU allows for further penetration into organizations deploying Nutanix with ESXi and AHV.
• Enhanced functionality allowing Commvault deduplication to remain turned on so that appliances behind can further deduplicate Commvault data by an additional 3X, which reduces storage costs, and is gaining momentum with Commvault customers.
• Voted Storage Magazine‘s Enterprise Backup Hardware Product of the Year at its annual awards ceremony Storries XVI.

As the market matures, organizations realize 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 3 inherent compute problems to achieve faster backups, restores, and VM boots by leveraging its Landing Zone, Adaptive Deduplication, and scale-out architecture.

“First-generation deduplication solutions can be cost prohibitive for backup storage and are 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. We are replacing low cost primary storage disk behind Commvault, as ExaGrid is far less expensive than Cisco 3260, NTAP eSeries, HPE Nimble, Dell, etc. when customers require longer term retention,” Andrews said.

All backup storage vendors reduce storage and bandwidth to varying degrees, but most provide slow ingest rates due to deduplication being performed ‘inline.’ Additionally, other solutions only store deduplicated data, which causes restore speeds and VM boots to be very slow. ExaGrid’s ingest rate is 6X 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. Only ExaGrid uses a scale-out architecture with a unique loading zone, which holistically addresses all of the scalability and performance challenges of backup storage.

Firm’s disk-based backup system combines enterprise storage with zone-level data deduplication, delivering a disk-based solution that is more cost effective than low cost disk. Unlike first-generation inline/scale-up deduplication solutions that were either built into a backup application media server or into a dedicated storage appliance, the company delivers the backup industry’s true landing zone and scale-out architecture with data deduplication. Utilizing its landing zone with adaptive deduplication, typically halves the cost of the first-generation large brand solutions and is 3X the backup performance and 20X the restore/VM boot performance.

By using a scale-out architecture, ExaGrid is a solution that keeps the backup window fixed in length as data grows and eliminates both forklift upgrades and forced product obsolescence.

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ExaGrid: Record Bookings and Revenue for 1Q19
Best in history of company
April 5, 2019 | Press Release