47% Y/Y Annual Recurring Revenue Increase in 2020 for Ctera

CTERA Networks, Ltd. announced strong growth in 2020 driven by continued demand for its multi-cloud global file system.

It enters 2020 having realised a 47% Y/Y annual recurring revenue increase in its edge-to-cloud solutions. It today delivers a broadly implemented enterprise cloud file storage solution, deployed in over 50,000 sites in 110 countries and utilised by millions of corporate users daily.

As organisations WW close large campuses in favour of regional branches and satellite or work-from-home offices, they are prioritising global file system technologies that centralise data access and deliver an HQ-grade experience from any edge location or device. Additionally, they are leveraging the global file system’s built-in security and data protection tools to stop the proliferation of ransomware and other cybercrime attacks through increasing remote file access channels.

Firm’s business growth capped a year highlighted by new Fortune 500 customer wins, including global brands such as W.L. Gore and Festo, state governments including the State of Texas and the State of Florida, as well as prominent US federal civilian and military wins driven by CTERA’s US DoD Approved Product List (APL)-certified private cloud solution.
 
“Ensuring productivity or regional offices and work-from-home users became a top priority in 2020 for every IT organisation in the world,” said Liran Eshel, founder and CEO. “CTERA provides the only solution that unites core, branch and home offices under a single namespace, allowing the secure extension of the corporate file system to remote locations while maintaining centralised data control.”