ExaGrid reports a record reservations and earnings quarter in Q4 2023, and 12 successive quarters of favorable P&L, EBITDA, and totally free capital
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MARLBOROUGH, Mass.– ExaGrid®, the market’s only Tiered Backup Storage option, today revealed that it had an all-time record reservations and income in the 4th quarter ending December 31, 2023, and a record-breaking year in general in 2023.
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ExaGrid’s earnings grew over the previous quarter and the exact same quarter a year earlier. ExaGrid grew at over 20% in 2023 while keeping favorable P&L, EBITDA, and totally free capital for the previous 12 successive quarters.
ExaGrid included 173 brand-new clients in Q4 2023, consisting of 59 six-figure brand-new client offers and 3 seven-figure brand-new client offers. ExaGrid has more than 4,100 active upper mid-market to big business clients that utilize ExaGrid Tiered Backup Storage to secure their information, including lots of Fortune 1000 consumers in the quarter. ExaGrid’s development is speeding up, and the business is employing in all elements of business worldwide.
“ExaGrid is continuing to broaden its reach and now has sales groups in over 30 nations worldwide, with consumer setups in over 80 nations. Beyond the United States, our organization in Canada, Latin America, Europe, the Middle East, Africa, and Asia Pacific is quickly growing. We now do 48% of our service beyond the United States,” stated Bill Andrews, President and CEO of ExaGrid.
“Years back, ExaGrid understood that no supplier was constructing storage that enhances backup, as they were all offering main storage items as backup storage targets or they were offering inline deduplication home appliances, which are sluggish for backups and brings back and lead to expensive forklift upgrades. Backup storage has distinct requirements, due to big backup tasks, incrementals, artificial fulls, backup rotation, long-lasting retention and numerous other elements that make backup various than main storage. ExaGrid’s distinct Tiered Backup Storage was developed particularly to enhance backup efficiency, bring back efficiency, scalability as information grows, security, ransomware healing, catastrophe healing and the economics of backup, with low expenses in advance and with time,” stated Andrews. “Primary storage is not as quick for big backup tasks, is generally not scalable, and it is really pricey for longer-term retention, and it is network-facing making it susceptible to security attacks. Inline deduplication home appliances are sluggish for backups, sluggish for brings back, are not scalable, and are likewise network-facing making them susceptible to security attacks.
“ExaGrid prides itself on having actually an extremely distinguished item that simply works, does what we state it does, is sized effectively, is well supported, and simply does the job. We can support these claims with our 95% net consumer retention, NPS rating of +81, the reality that 92% of our clients have our Retention Time-Lock for Ransomware Recovery function switched on, and 99% of our consumers are on an active annual upkeep and assistance strategy,” stated Andrews.
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Emphasizes of Q4 2023:
- Strong competitive win rate at over 70% for the quarter
- Caused 173 brand-new clients
- 59 six-figure brand-new consumer offers and 3 seven-figure brand-new consumer offers
- More than 4,100 clients safeguard their information with ExaGrid Tiered Backup Storage
- Sales and assistance groups in 30 nations and consumer setups in over 80 nations
- Growing worldwide sales– 48% of service originated from beyond the United States
- Business stays Cash, EBITDA, and P&L favorable over the last 12 quarters
- ExaGrid won “Storage Company of the Year” and “Backup/Archive Innovation of the Year” at the SDC Awards in November, contributing to the 5 market award wins previously in the year at the Storage Awards and the Network Computing Awards– for an overall of 7 market awards in 2023
- More powerful combination with Commvault: Previously, ExaGrid might take Commvault deduplicated information and enhance the deduplication ratio by 3X. In Q4, ExaGrid revealed that both Commvault compression and deduplication can be allowed and ExaGrid can even more deduplicate the information.
About ExaGrid
ExaGrid offers Tiered Backup Storage with a special disk-cache Landing Zone, long-lasting retention repository, and scale-out architecture. ExaGrid’s Landing Zone attends to the fastest backups, brings back, and instantaneous VM healings. The Repository Tier provides the most affordable expense for long-lasting retention. ExaGrid’s scale-out architecture consists of complete home appliances and guarantees a fixed-length backup window as information grows, removing pricey forklift upgrades and prepared item obsolescence. ExaGrid provides the only two-tiered backup storage method with a non-network-facing tier (producing a tiered air space), postponed deletes, and immutable challenge recuperate from ransomware attacks.
ExaGrid has physical sales and pre-sales systems engineers in the following areas: Argentina, Australia, Benelux, Brazil, Canada, Chile, CIS, Colombia, Czech Republic, France, Germany, Hong Kong, India, Israel, Italy, Japan, Mexico, Nordics, Poland, Portugal, Qatar, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Turkey, United Arab Emirates, United Kingdom, United States, and other areas.
Visit us at exagrid.com or get in touch with us on LinkedInSee what our consumers need to state about their own ExaGrid experiences and find out why they now invest substantially less time on backup storage in our client success storiesExaGrid takes pride in our +81 NPS rating!
View source variation on businesswire.com: https://www.businesswire.com/news/home/20240108089855/en/
Contacts
Media:
Mary Domenichelli
ExaGrid
mdomenichelli@exagrid.com
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