Actifio Closes Record First Quarter 2013 with 558% Growth
April 23, 2013
Copy Data Management Leader Achieves Eleven Consecutive Quarters of Double-Digit Growth
WALTHAM, Mass.--(BUSINESS WIRE)--April 23, 2013--
Actifio(TM), the radically simple copy data storage company, today announced that it closed the first quarter of 2013 with over 500% year-over-year earnings growth, securing eleven consecutive quarters of double-digit growth in the process.
In the first quarter, Actifio was recognized among the 50 most promising companies in America by Forbes Magazine, and secured several prestigious product awards including Storage Magazine “Product of the Year.” The company also launched a major product release, and closed a $50 million capital investment to advance its leadership position in the $44B* copy data storage market and reshape how data is managed by the enterprise.
IDC estimates that last year, more than 60% of enterprise disk storage systems (DSS) capacity may have been made of copy data. Similarly, in 2012, copy data made up nearly 85% of hardware purchases and 65% of storage infrastructure software revenue.* Organizations of all sizes — in 18 countries worldwide– have adopted Actifio’s solutions, replacing legacy backup, snapshot, disaster recovery, and business continuity applications with a single, purpose-built copy data storage system, which lets them recover anything instantly for up to 90% less than they’re paying today.
Actifio was recently recognized in the global Copy Data Management market that Gartner recently defined as products that can “perform a host of functions, including backup, archiving, replication and creation of test data using a minimal number of copies,” in their March 2013 report entitled, Best Practices for Storage Administrators: Staying Relevant in an Information-Centric Data Center**.
Additional first quarter 2013 milestones include:
-- Seven consecutive quarters of quarterly year-over-year growth over 500% -- Sales operations now in 18 countries -- Continued focus on user satisfaction with Net Promoter Score (NPS) of 62 -- Continued leadership in the Managed Service Provider market as the foundation for Copy Data Management services: Backup, Disaster Recovery, Business Continuity and Test & Development
Actifio is radically simple copy data storage. By virtualizing the storage and management of data, Actifio can replace any or all of the siloed data protection and availability storage applications a company might be using, with a single system that’s purpose-built to manage copy data. Actifio creates a single, perfect copy of production data and maintains changes to that master copy in a way that gives users a simple application running in a single window to recover anything, from any time, instantly. Doing so delivers recovery times in minutes instead of hours, even for large scale application data sets, while slashing total cost of ownership by as much as 90 percent versus the traditional model.
“As always, we’d like to thank our users first for making this happen,” said Ash Ashutosh, Actifio Founder & CEO. “Helping to make those users successful are now over 200 Actifians around the world. We’re incredibly pleased to see copy data management emerging as a recognized global phenomenon, and to see organizations of all sizes solving the problem by deploying our radically simple solution.”