60% Y/Y Annual Recurring Revenue Increase in 2019 for Ctera

CTERA Networks, Ltd. announced growth in 2019 driven by the demand for its enterprise file services platform.

It enters 2020 having realized a 60% Y/Y annual recurring revenue increase in its edge-to-cloud solutions, which today power more than 50,000 enterprise locations and millions of corporate devices in 110 countries.

CTERA’s global file system is trusted by McDonald’s, Humana, WPP, the US Department of Defense, and other organizations.

Enterprise IT leaders are tired of the headaches involved with distributed data management. End users and devices generate massive amounts of unstructured data every day, and traditional NAS and file servers quickly reach capacity limits creating silos of information across remote sites. Data replication and backups across sites require complex processes. Multi-site collaboration is limited or non-existent. Full-time IT personnel are needed at each location, and the resources spent managing these challenges can impact an organization’s bottom line.

CTERA provides an approach to enterprise file services, harnessing the power of cloud to address use cases typically managed by legacy systems without compromising security or performance. Its edge devices and clients provide a hybrid connection for remote sites and users to a global file system powered by any public or private cloud infrastructure.Enterprises gain new levels of multi-site productivity and centralized data management while keeping costs under control.

Additional CTERA 2019 highlights include:
• First Hyperconverged Edge Filer – By unifying hyperconverged edge computing with CTERA’s global file system, the Edge X Series delivers infrastructure consolidation for unified branch IT, VDI file services, and performance workloads. The X Series was named a 2019 enterprise storage Product of the Year finalist by TechTarget’s SearchStorage.com.
• First Edge Filer for M&E – Designed for M&E agencies with massive creative content requirements, the Edge Media Edition boasts 128TB of local cache, petabytes of cloud capacity, and advanced support for macOS and Adobe applications. It is an edge filer optimized for video editing and enables creative content teams to ingest and collaborate on large media files with clients and remote production crews.
• DoD APL Certification – The platform is an edge-to-cloud file services solution to be added to the Approved Product List (APL) of the US Department of Defense (DoD). This designation identifies products that have undergone a testing process conducted by the DoD that assures acceptable levels of security, information assurance and interoperability, and further solidifies firm’s position as the most secure solution of its type. The company is deployed in military sites with 100% on-premises installation and multi-factor CAC (Common Access Card) authentication. It previously was awarded FIPS 140-2 validation for military-grade encryption.
• Patents – During 2019 the vendor was issued multiple fundamental patents on novel techniques and architectures for global file systems and cloud file caching. Its expanded IP portfolio further solidifies the company’s in the edge-to-cloud file services market.
• Partnerships – The company expanded strategic partnerships with providers, including IBM, HPE, and Cisco, to provide customers with infrastructure options provided as an integrated solution from edge to core to cloud.

“CTERA delivers the only global file system with complete data access and control across both edge filers and endpoint clients for ultimate multi-site productivity,” said Liran Eshel, founder and CEO. “With our recent breakthrough developments in the hyperconverged and media spaces, we are yet again setting the direction for the post-storage era, in which file services will be purely provided by software on top of cloud and multi-purpose hyperconverged systems.”