WESTBOROUGH, Mass., April 14, 2015 /PRNewswire/ -- ExaGrid, a leading provider of disk-based backup solutions, today announced that Q1 2015 was its most successful quarter to date. The company achieved record bookings and marked its fifth consecutive quarter as both cash and P&L positive. In addition, the company reported double-digit growth from Q1 2014.
"Q1 2015 was another record-setting bookings quarter for ExaGrid," said Bill Andrews, CEO of ExaGrid. "Our competitive win rate remains high as organizations continue to see the benefit of our architectural approach to backup storage versus simply adding data deduplication to a backup application or to an inline/scale-up storage appliance. The combination of ExaGrid's unique landing zone and scale-out architecture solves all the problems of backup storage and is especially effective in virtual environments."
In addition to record bookings and five consecutive quarters of being cash and P&L positive, ExaGrid has continued its expansion with the addition of sales teams in key regions in North America, EMEA, and Singapore. ExaGrid also expanded its channel program, increasing its partner status with CDW and adding Lifeboat as its newest North American distributor. Lifeboat, a value-added distributor for virtualization, business continuity and other technically sophisticated products, will distribute ExaGrid's disk-based backup with data deduplication appliances to its resellers in the United States and Canada.
ExaGrid continues to grow faster than the overall disk-based backup market, and as a result is gaining market share. The company remains committed to solving the problems of backup and being a valued partner to its more than 2,000 mid-market and enterprise customers, representing over 10,000 installations. This March, ExaGrid received Network Computing's first ever Return on Investment Award due to its track record of lowering operating costs and improving productivity, further validating the value ExaGrid provides to its customers.
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Organizations come to us because we are the only company that implemented deduplication in a way that fixed all the challenges of backup storage. ExaGrid's unique landing zone and scale-out architecture provides the fastest backup — resulting in the shortest fixed backup window, the fastest local restores, fastest offsite tape copies and instant VM recoveries while permanently fixing the backup window length, all with reduced cost up front and over time. Learn how to take the stress out of backup at www.exagrid.com or connect with us on LinkedIn. Read how ExaGrid customers fixed their backup forever.
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Media Contact: Abbie Holmes, 617-969-9192, [email protected]
SOURCE ExaGrid Systems