Storage Made Easy achieves 171% Year on Year growth in recurring revenue in Q3 December end 2014
OEM's, Governance features, continued OpenStack related deal growth, and a strong reseller channel continue to fund growth.
LONDON, Feb. 9, 2015 /PRNewswire/ -- Storage Made Easy, the private Enterprise File Share and Sync provider who focus on governance and control of public and private data clouds, today announced strong results for their fiscal Q3 quarter ending December 31st 2014. The company increased recurring revenues by 171% year on year increase and achieved a 7th consecutive quarter on quarter growth, inclusive of a further 34% increase on their previous quarter.
Storage Made Easy's go to market for ISP's is that it provides a storage agnostic enterprise file share and that enable ISP's to be completely vendor neutral when it comes to their storage service offerings. This openness continues to fuel growth with ISP's keen to add cloud services to their offerings that work with what they have.
The company also continues to drive forward with private Enterprise File Share and Sync deployments for OpenStack Swift and is also seeing deal volumes grow across a variety of other object storage vendors, including CleverSafe and Cloudian.
The SME professional services capability has also helped increase revenue growth with professional services accounting for 30% of the quarterly revenue number. New service offerings include helping companies in their Object Storage evaluations and offering bespoke App creation services.
Jim Liddle CEO said, "Storage Made Easy is continuing to see growth as it straddles two of the high growth areas in cloud. The first is Cloud Governance and Cloud Security, and the second is the OpenStack wave for private / hybrid data cloud deployments."
"From day one we have been storage agnostic and had a vision that Enterprise File Share and Sync has to work across vendor data silos as enterprises need a common data control point. Vendor interoperability and integration is a key reason why we are able to move forward with such strong revenue growth."
About Storage Made Easy (SME):
Storage Made Easy is the trading name of Vehera LTD who has offices in the UK, USA and Switzerland. The SME solution allows IT to regain control of "cloud data sprawl" by unifying private/public company data and privately used employee cloud data solutions into a single converged infrastructure.
This can easily be managed and be used to set and enforce governance and audit controls for file access and sharing in addition to providing deep content search of indexed data.
This approach provided a solution to the "shadow IT" conundrum and makes it possible for companies to find a balance between the protection of corporate data and employee data by allowing businesses to monitor, secure and audit all data silos, be they private or cloud or company or employee, from a single access point.
Further information can be found at www.StorageMadeEasy.com
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SOURCE Storage Made Easy
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