CTERA Surpasses Its 2014 Sales within First Half of 2015

NEW YORK and PETACH TIKVAH, Israel, Aug. 19, 2015 /PRNewswire/ -- CTERA Networks today announced that it has exceeded the company's 2014 sales within the first six months of 2015. With multiple strategic wins at global enterprise customers, CTERA's Enterprise File Services Platform is experiencing unprecedented worldwide reception as the company's performance continues to outpace the industry benchmark.

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Increased deployments of both public and virtual private clouds, user demands for flexibility and IT requirements for security and governance are driving the adoption of enterprise IT-as-a-service platforms. From January 2015 to date, CTERA has experienced significant sales growth, product innovation and the strategic expansion of its management team. In addition, the company and its Enterprise File Services Platform have been recognized by industry experts.

Customer Traction
CTERA's enterprise business grew at an even higher pace, fueled by customer wins at world-leading companies such as Céline (a LVMH company), Delaware North Companies, Learfield Communications, Live Nation Entertainment, the Texas Department of State Health Services and many more. CTERA is rapidly becoming the platform of choice for many enterprise-wide financial services companies, including the following recent wins:

• A 60,000 license enterprise file sync & share project at a Fortune 100 financial services provider;
• A 4,500 cloud storage gateway deployment at a Fortune Global 500 retail bank; and
• A selection by a Fortune Global 100 financial services company to protect thousands of cloud servers as part of a global CloudOps initiative.

Product Innovation
In May, CTERA launched version 5.0 of its Enterprise File Services Platform with more than 100 new features to deliver a complete file services platform for enterprise IT. The Platform now boasts a new, elegant and simple user interface and file management framework, new productivity tools, an Outlook plugin and additional capabilities for online viewing and editing.

Industry Endorsements
CTERA's Enterprise File Services Platform has received validation from a number of industry experts, including:

• CTERA's Enterprise File Sync & Share solution debuted on the Gartner Magic Quadrant
• Computer Technology Review's 2015 MVP Award
• Two 2015 IT World Awards

Management Team Expansion
The CTERA team continued to grow worldwide to keep pace with customer demand; key hires include:

• Yochai Rozenblat: Chief Revenue Officer
• Danny Weinstein: VP of Customer Services

"CTERA was founded around a vision of providing enterprises and service providers with a secure and comprehensive toolkit to address enterprise file storage, file sharing and data protection that they can deploy and manage entirely on their own terms," said Liran Eshel, CEO and Co-Founder of CTERA. "Our success during the last six months is validation that we are achieving our goals, while also helping our valued partners to reach theirs. The pipeline for the second half of the year is testament to the fact that CTERA's offerings are a requirement for organizations looking to address enterprise-wide data governance and efficiency demands."

CTERA's platform uniquely combines cloud storage gateways, end-point clients for file access, collaboration and data protection, and a cloud-based service delivery and data management system to securely sync, share, protect and govern files from any device or remote office, all from the enterprise's choice of private or virtual private cloud. With a multi-tenant Storage-as-a-Service platform, CTERA's offering is designed to enable end-to-end security and comprehensive data governance to enterprise users and scalability and flexibility for cloud administrators.

About CTERA
CTERA enables enterprises to securely sync, share, protect and govern files from any device or remote office, all from the private or virtual private cloud of their choice. Trusted by the Fortune 100 and leading service providers, CTERA provides industry's most secure approach to file services, with the widest choice of use cases and infrastructure options to enable the IT-as-a-Service transformation. To learn more, visit www.ctera.com.

SOURCE CTERA

Related Links

http://www.ctera.com/