20% Growth Y/Y in 1Q23 for Axcient

Axcient, Inc. announced that in 1Q23, the company achieved record-breaking growth, delivered significant product updates, and added new executives.

“As the industry evolves and partner needs change, Axcient is at the forefront with our innovative technology, MSP-focused business model, and consistent execution,” said Rod Mathews, CEO. “We are expanding our team with incredibly talented people, and MSPs are increasingly choosing Axcient as their BC and DR partner. I want to thank the entire Axcient team and our partners for delivering record-breaking results in 1Q, and we look forward to even more success in the remainder of 2023.“

Record-breaking growth
Axcient continued its momentum from 2022 with revenue growth in 1Q23 of over 20% Y/Y. Quarterly bookings also grew up 48% Y/Y. Today, over 3,700 MSPs are standardizing on Axcient’s channel-centric BC and DR solutions to increase data security, reduce business downtime, and boost profitability.

Product innovation
Axcient delivered significant product updates in 1Q23, expanding OS support, adding features, and improving user experience.

• Expanded Linux Support: Axcient x360Recover’s Linux agent was released for Ubuntu and Debian systems. This early access release supports file-level recoveries for both Appliance-Based and Direct-to-Cloud versions of x360Recover. Capabilities include backup of Linux endpoints, with additional recovery capabilities to be added in the coming months.
• Automated Backup Verification: Axcient’s AutoVerify feature has expanded capabilities for x360Recover Direct-to-Cloud, including an early access release of advanced health checks. Previously available only in the Appliance-Based version, advanced checks validate the recoverability of backup snapshots, ensuring rapid and reliable recovery when needed. AutoVerify can also alert users about backup inconsistencies, initiate self-healing, and provide telemetry data to support for rapid problem resolution. Features like AutoVerify, Virtual Office, and AirGap allow Axcient partners to automate processes and get improved results like faster recoveries, increased security, and greater efficiency.
• Portal Expansion: Axcient’s x360Portal has been redesigned for easier navigation and improved user experience. A new hardware ordering system allows partners to order appliances directly from the portal through intuitive wizards, eliminating the need for a separate licensing portal. An improved Learning Management System (LMS) enables easier access to Axcient’s training content through the portal. The firm’s product roadmap is accessible from the portal dashboard, enabling partners to provide feedback and feature requests.
• Greater Management Speed: The x360Recover Manager has been redesigned for easier navigation and better performance, with loading times reduced in many cases by over 20x.

Executive leadership additions
In the last 8 months, Axcient has recruited talent to its executive leadership team led by CEO Rod Mathews, an IT industry veteran with understanding of the data protection space and the MSP community. In 1Q23, it announced the appointment of Madhu Rawat as SVP engineering, the promotion of Tim Sheahen to SVP global sales, VP technical support Rob Haggerty, and a new VP people, Nancy Gutwein.

Industry accolades
The company has been recognized with more than 17 awards in the last 6 months, including being named one of the industry’s Coolest Cloud Companies, a leading spot on the Storage 100 list, a perfect score for the Axcient Partner Program, a Backup and DR Innovation Award for x360Recover.