Copy Data Storage Leader Achieves Tenth Consecutive Quarter of Double-Digit Sequential Growth
WALTHAM, MA – January 7, 2013 – Actifio™, the radically simple copy data storage company, today announced that it closed 2012 with 700% year-over-year bookings growth. The company reported record growth from all major geographies including North America, Europe, the Middle East, Israel and Asia/Pacific; and its tenth consecutive quarter of double-digit sequential growth driven by market demand for better tools to manage the unchecked copy data growth, which is at the core of most enterprise customers’ storage explosion. Organizations of all sizes – from the Fortune 1000 to the enterprise mid-market – are now adopting Actifio’s radically simple solution, replacing traditionally siloed backup, snapshot, disaster recovery, business continuity, and development & test applications with a single, purpose-built copy data storage system, letting them recover anything instantly for up to 90% less.
Actifio is now the fastest growing enterprise storage firm from inception ever, and also reported additional 2012 milestones:
- Six consecutive quarters of quarterly year-over-year growth over 500%
- 62 new transactions in the fourth quarter 2012 each averaging over $210,000
- Direct sales operations now in 16 countries
- New customers in key regions such as United Arab Emirates, Israel, Australia, Japan, Canada and the United Kingdom
- Continued momentum in the reseller channel with 84% of revenue delivered by the global partner ecosystem
- Over 100 referenceable users in 5 global regions
Market research firm IDC has estimated that the copy data problem targeted by Actifio represents a $34 billion market opportunity around the world. Organizations today make many duplicate copies of the same electronic data to analyze, share, and protect their businesses from the combined threats of infrastructure failures, regulatory compliance, and natural disasters. Traditional model has been to deploy disparate tools with silos of duplicated infrastructure, storage and operations personnel. The cost of these efforts often represent a larger share of total revenue than net profits, consuming massive amounts of capital and operational resources.
While a range of market solutions have emerged to treat the symptoms of the copy data explosion, Actifio’s breakthrough copy data storage solutions are the first to cure the disease, employing virtualization technology to efficiently manage data through it’s lifecycle by capturing only changes and reusing a single copy of production data for multiple business applications. The resulting system is so efficient, it allows IT teams to recover important data – even at multi-Terabyte scale – within seconds rather than hours or even days.
“It’s not uncommon for our customers to learn they’re supporting 10, 25, even 150 excess copies of the data they need to protect, and that they’re spending a small fortune to do so” said Actifio Founder & CEO Ash Ashutosh. “Just 3 years ago we set out to find a better way, to bring enterprise data management into the 21st century and in the process put control back into the hands of our users. With a growing base of happy customers and a world-class team that now circles the globe, we are well on our way to building what we believe will be the next great enterprise technology brand.”
Actifio is radically simple copy data management. Our copy data storage platform lets businesses recover anything instantly, for up to 90% less. Actifio eliminates siloed data protection applications, virtualizing data management to deliver an application-centric, SLA-driven solution that decouples the management of data from storage, network and server infrastructure. Actifio has helped liberate IT organizations and service providers of all sizes from vendor lock-in and the management challenges associated with exploding data growth. Actifio is headquartered in Waltham, Mass., with offices around the world. For more information, please visit https://www.actifio.com/or email firstname.lastname@example.org.
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