Global Demand Drives Hyper Growth and Record Results for CTERA in 2015

CTERA's IT-as-a-Service Platform Earns Customer Wins, Partner Endorsements and Industry Recognition

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Feb 23, 2016, 08:00 ET

NEW YORK and PETACH TIKVAH, Israel, Feb. 23, 2016 /PRNewswire/ -- CTERA Networks today announced that ever-increasing global demand for the company's Enterprise File Services Platform has resulted in significant market expansion throughout 2015. The company increased its period of hyper growth by doubling its subscription sales in 2015 versus 2014. This growth was propelled by a 230 percent increase in CTERA's enterprise business as organizations selected CTERA to begin their "journey to the cloud" and modernize how they deal with files, file-based collaboration, and data protection.

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2015 highlights include:

Customer Traction
CTERA's business continued its rapid growth through the year, powered by customer wins at enterprise customers such as AXA, the Carlyle Group, Delaware North, Deutsche Telecom, The Korte Company, Learfield Communications, Live Nation, LVMH, the State of Texas, and many more. The list continues to grow as CTERA becomes the platform of choice for a wide variety of industries that are applying IT-as-a-Service principles to modernize file service delivery and data protection.

New Products
The CTERA Enterprise File Services Platform is a private cloud IT-as-a-Service platform for storing, syncing, sharing, protecting and governing data across endpoints, remote offices and servers. In 2015, CTERA introduced two major product offerings:

Version 5.0 of CTERA's Enterprise File Services Platform was introduced in May 2015 as a single solution that ensures the complete privacy, governance, and security of organizational data while enabling distributed enterprises and service providers to address every aspect of online and offline file storage, file sharing and data protection.
In December, CTERA announced the availability of a new server data protection solution for enterprise CloudOps. The solution is unique in its focus on applications running natively in the cloud and provides a highly secure, fully optimized solution for organizations that want to back up their applications in cloud, across availability zones or even across different cloud providers.

Strategic Partnerships
CTERA ended 2015 having successfully entered into managed partnerships with leading global storage and storage services partners. CTERA strategic global partners include Amazon Web Services, HPE, IBM and others. CTERA continues to integrate with these partner solutions, and announced two new capabilities in 2015:

CTERA announced support for AWS's new cost-effective S3 Standard – Infrequent Access service. This integration enables organizations to "bring their own cloud" for CTERA deployments and enjoy storage savings by paying less than $0.01 per GB per month.
CTERA announced integration with HP's Cloud Service Automation suite to automate and simplify the deployment and management of CTERA's platform for enterprises and service providers.

Industry Endorsements
In 2015 CTERA's Enterprise File Services Platform received industry recognition from a number of independent experts. The company won many awards, including several Golden Bridge Awards, two Best In Biz Awards, a TMC Cloud Storage Award, a Network Product Guide Award, and a Computer Technology Review Award. In addition, CTERA's platform was highlighted by leading IT analyst Gartner in several reports, including: the 2015 Gartner Magic Quadrant for Enterprise File Sync and Sharing, and Gartner's Critical Capabilities for Endpoint Backup and Gartner's 2015 Market Guide for Cloud Storage Gateways.

In 2015, CTERA's business was also recognized by Deloitte as one of the 50 fastest growing technology companies in Israel and one of the 500 fastest growing companies in all of Europe, Middle East and Africa.

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