Double-Digit Growth in Bookings and Revenue for Exagrid

ExaGrid Systems, Inc. announced record bookings and revenue for 4Q19 ending in December and in FY19.

It had significant growth in the Americas, Latin America, EMEA and APAC.

“This was our best quarter and fiscal year for bookings and revenue to date,” said Bill Andrews, CEO and president. “We added over 100 new customers with a record number of new customer 6-figure purchase orders. We achieved double-digit growth over the same quarter a year ago. ExaGrid focuses on organizations that need to store hundreds of terabytes to petabytes of backup data.“

Partner and Product Highlights in 4Q19
• Continued its strong sales growth with mid-market to enterprise organizations that use Veeam Software, Commvault, Veritas NetBackup, Oracle RMAN Direct and other enterprise backup applications.
• Had a record quarter for backup storage behind Commvault due in part to an announcement made earlier in the year about its ability to further deduplicate Commvault deduplicated data. ExaGrid does not require any change to the Commvault configuration and can improve backup efficiency by a factor of 3X.
• Announced a new storage solution for Acronis Cyber Backup which provides edge data protection and storage for remote sites.
• Was voted Backup Storage Innovation of the Year at Storage, Digitalisation + Cloud (SDC) Awards 2019.

ExaGrid solves the 3 inherent compute problems to achieve faster backups, restores, and VM boots by leveraging its Landing Zone, adaptive deduplication, and scale-out architecture.

“First-gen deduplication solutions can be cost prohibitive for backup storage and are slow for backups, restores, and VM boots, which is why a high percentage of ExaGrid’s newly-acquired customers are replacing Dell EMC Data Domain, HPE StoreOnce, and the Veritas NetBackup 5200/5300 series of appliances. We are replacing low cost primary storage disk behind Commvault, as ExaGrid is far less expensive than Dell, HPE Nimble, NTAP eSeries and Cisco 3260, when customers require longer term retention,” Andrews said. “We continue to see growth behind Commvault, Veeam and Veritas NetBackup as the company moves up market.“

All backup storage vendors reduce storage and bandwidth to varying degrees, but most provide slow ingest rates due to deduplication being performed ‘inline.’ Additionally, other solutions only store deduplicated data, which causes restore speeds and VM boots to be very slow. ExaGrid’s ingest rate is 6X faster than its closest competitor.

Unlike the first-gen vendors that only add capacity as data grows, its appliances add compute with capacity, ensuring that the backup window remains fixed in length. The firm uses a scale-out architecture with a Landing Zone, which holistically addresses all of the scalability and performance challenges of backup storage.

Company’s turnkey disk-based backup system combines enterprise storage with zone-level data deduplication, delivering a disk-based solution that is more cost effective than low cost disk.

Unlike first-gen inline/scale-up deduplication solutions that were either built into a backup application media server or into a dedicated storage appliance, the vendor delivers the backup a true Landing Zone and scale-out architecture with data deduplication.

Utilizing Landing Zone with adaptive deduplication typically halves the cost of the first-gen large brand solutions and is 3X the backup performance and 20X the restore/VM boot performance. By using a scale-out architecture, ExaGrid is a solution that keeps the backup window fixed in length as data grows and eliminates forklift upgrades and forced product obsolescence.