nScaled Reports 2013 Results, Posts Strong Annual Growth

SAN FRANCISCO, Feb. 20, 2014 /PRNewswire/ -- nScaled, developer of the industry-leading all-in-one online backup, cloud storage and IT disaster recovery solution for business continuity, today announced its 2013 results with its greatest highlight a doubling in its new customer acquisitions. nScaled achieved growth into new mid-market sectors such as healthcare and construction driven by continued product development and partnerships, including the roll out of a strategic partnership with storage leader NetApp.

"We're thrilled with the momentum we saw in 2013, which positioned us well coming into the new year," said Bradley Kolb, CEO. "Beyond increasing our new customer acquisitions, we also saw increased interest in Disaster Recovery as a Service from analysts who monitor critical technology deployments. There's greater recognition today for the horizontal value of our platform, further validated by the increasing variety of our customer base."

2013 nScaled Highlights

• Annual Revenue: nScaled posted an increase of 40% year over year
• New Customers: nScaled's number of total subscribers also rose 40%.
• Customer Retention: Customer retention remained over 95% for the year
• New Partners: In 2013 nScaled rolled out a strategic partnership with storage leader NetApp, additionally taking on new Channel partnerships with CDW, SHI and more.

"We successfully crossed into new markets in 2013," said Mark Jameson, VP of Sales. "While our early adopters were largely legal and venture capital firms, last year we took on new clients in industries ranging from chemical to construction to healthcare and more. We've got the fundamentals covered for helping mid-sized businesses get their environments protected. It's part of why our retention rate has stayed over 95% since inception."

In a recently published study¹ by Forrester Research nScaled was cited among providers ranked as a Leader. nScaled received the highest score possible in the security, change management, growth and partnerships categories.

About the maturity of the technology sector itself, Ilya Beyer, CTO, noted "At this point, the Disaster-Recovery-as-a-Service (DRaaS) scene is solidly established. As it evolves customers are growing savvier about how much recoverability speed and scope they need as well as what features and functions they want."

Beyer added: "A year ago we saw many organizations trying to cobble together do-it-yourself solutions by and for themselves. Now we don't see that happening as much, but we haven't stood still either. We have been simultaneously driving developments and listening closely to requests and feedback in areas, for example, like automation and expanded security. We look forward to sharing more developments from our near-term roadmap soon."

About nScaled

For the critical IT infrastructures of companies who need to keep disaster recoveries from becoming a disaster, nScaled provides a smart, integrated and cost-effective service that helps ensure business continuity. Clients choose nScaled technology because unlike traditional backup and other cloud failover vendors, it automates disaster recovery of entire data centers and testing, applies industry-leading security and improves both local and remote backup functionality. nScaled is headquartered in San Francisco with offices in London, and partnered with NetApp, FalconStor, VMware and more.

For more information please visit http://www.nscaled.com or write to [email protected].

¹Forrester Research, Inc., "The Forrester Wave™: Disaster-Recovery-As-A-Service Providers, Q1 2014" by Rachel Dines, with Stephanie Balaouras and Heather Belanger

SOURCE nScaled