StorCentric Closes 2020 With Record Growth

StorCentric, Inc. announced it has closed 2020 on a high note with a greater than 35% CAGR achieved over the past several years.

During 2020, the company continued to grow and diversify its market participation through innovation, with the launch of over 8 new products; strategic investment, with the acquisition of Violin Systems; and the strengthening and expansion of customer relationships, while increasing operational efficiencies.

As the events of 2020 forced the world to change in rapid ways, organizations looked to technology to build and protect enterprise resilience, driving increased demands for data management solutions. To meet these new customer challenges, the firm introduced 8 new products during the year, including a backup solution which provides security vs. the rising ransomware attacks business are facing. Furthermore in 2020, it was able to increase operational efficiencies by consolidating its supply chain and leveraging higher product volumes, creating an unified support team and streamlining operations across all functions.

“It goes without saying that the past year will go down in history as challenging for countless reasons. For StorCentric, however, it has been a transformative year,” said Mihir Shah, CEO. “Our tremendous achievements, including product announcements, operational efficiencies as well as our ability to meet our customers’ diverse requirements and exceed their expectations, would not have been possible without our unparalleled global employee team and strategic partners. We look forward to the promise of 2021, and maintaining this exceptional momentum.“

Highlights of StorCentric’s 2020 achievements include:

Corporate Momentum:

Enterprise customers over 7,000 organizations
Enhanced and diversified solutions portfolio with acquisition of Violin Systems, the company’s fifth acquisition in 2 years
Added experienced leaders to the company, including Rob Eggers as CFO, and former Brocade CFO, Dan Fairfax together with financial services visionary Manju Agarwal to its board of advisors

Innovation:

Unveiled over 8 new data management solutions offerings, including its a software-only Data Mobility Suite (DMS) software platform, empowering customers to more fully control their data and ensure maximum ROI
Released a backup solution to provide security vs. ransomware attacks

In addition, the company also introduced:

Retrospect Backup 17.5 with cloud updates and the latest Apple support
Unity third gen 3300 and 7900 enterprise unified storage
E-Series 32F Storage Platform a compact, high density QLC SSD solution
Retrospect Backup 17 and Retrospect Virtual 2020
BEAST Platform with new BEAST Elite Models with major performance and connectivity improvements
E-Series 18F QLC-powered storage
RoCE and private blockchain technology to its Assureon solution

Awards and Acclaim:

Innovation highlighted: StorCentric named to CRN’s The 40 Coolest SDS Vendors: The 2020 Storage 100, Nexsan and Drobo recognized in the 2020 CRN Partner Program Guide
World class employee team acknowledged: Judy Kaldenberg recognized as one of CRN’s 2020 Women of the Channel, and Read Fenner recognized on CRN’s 2020 Channel Chiefs

StorCentric launched a video looking back over the past year to recognize and thank its employees and strategic partners for their dedication and contributions to its success.