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2018 Press Releases

July 12, 2018

ExaGrid, Hyper-Converged Secondary Storage for Backup Leader, Reports Record Q2 Bookings and Revenue for Q2-2018

ExaGrid® announced record Q2 bookings and revenue for Q2 2018. ExaGrid grew at a rate of 22% over the same quarter of the prior year, continuing its trend of progressive growth at a faster rate than that of the overall market and resulting in progressive market share gain. The company also continued its up-market trajectory, attracting increasing numbers of enterprise customers with hundreds of terabytes to petabytes of data to be backed up.

“ExaGrid continues to drive up market with the most scalable backup storage in the industry that can ingest up to a 2PB full backup into a single system at 432TB/hr., which is twice the size of the Dell EMC Data Domain DD9800 with 3X the ingest performance,” said Bill Andrews, CEO and President of ExaGrid.

In addition to record Q2 bookings and revenue, ExaGrid:

  • continues to expand its worldwide presence with the opening of additional inside sales offices as well as field sales teams.

  • had many key global customer wins over the quarter; a sampling includes:

    • ExaGrid and strategic alliance partner HYCU replaced Rubrik at a major oil and gas producer in Malaysia.

    • A Hong Kong financial services firm migrated from a tape-based backup solution to ExaGrid.

    • An IT services firm in France replaced the straight disk in its cloud with ExaGrid, which allows it to fully leverage and maximize all of Veeam’s features, particularly Veeam’s Scale-Out Backup Repository (SOBR).

“Backup data is growing in excess of 30% year-over-year in larger IT organizations, and retention periods continue to lengthen due to legal discovery, financial audits, and other regulatory requirements,” said Andrews. “These organizations continue to hit the wall with traditional scale-up storage architectures using inline deduplication that result in slower backups, slower restores, and an ever-expanding backup window.”

Unlike first generation deduplication solutions that were either built into a backup application media server or into a scale-up storage appliance, ExaGrid delivers the backup industry’s only true scale-out architecture with data deduplication. It is typically half the cost of the large brand solutions and also improves backup and restore performance by combining zone-level deduplication, adaptive deduplication, global deduplication, and a unique landing zone.

As the market matures, customers are understanding the performance degradation that data deduplication can have on backup unless a solution is intentionally architected to prevent any such impact. All deduplication solutions reduce storage and WAN bandwidth to a degree, but only ExaGrid solves the three inherent compute problems to achieve faster backups, restores, and VM boots by leveraging its unique landing zone, adaptive deduplication, and scale-out architecture.

“First generation deduplication solutions can be cost prohibitive for backup storage and are also slow for backups, restores, and VM boots, which is why over 80% of ExaGrid’s newly-acquired customers are replacing Dell EMC Data Domain, HP StoreOnce, Commvault Deduplication, and the Veritas 5200/5300 series of appliances with ExaGrid,” Andrews said.