Record Results for CTERA in 2024

CTERA Networks Ltd. announced a record-breaking year marked by accelerated international growth, key executive hires, and groundbreaking innovations in cyber storage and AI.

Capping off the year, the company secured an $80m growth investment from PSG Equity to fuel its next phase of growth.

CTERA’s edge-to-cloud file services annual recurring revenue (ARR) grew by 35%, with the AsiaPac region growing by 82%. Additionally, CTERA experienced 60% growth in the government segment and doubled the number of customers generating 7-digit ARR, underscoring its value proposition for organizations navigating hybrid cloud and distributed data challenges.

“2024 has been a transformational year for CTERA,” said Oded Nagel, CEO, CTERA. “Our clear vision and deep customer relationships have enabled us to maintain our leadership position in the hybrid cloud storage market, helping enterprises modernize their IT strategies while safeguarding their most valuable asset- their data. As we look ahead, with PSG Equity’s investment, CTERA is poised to enable organizations to harness the potential of AI in unlocking new levels of efficiency, intelligence, and overall business impact.“

CTERA extended its hybrid cloud data platform into the AI arena with the introduction of CTERA Data Intelligence, a new AI-first offering designed to connect private enterprise data, with AI services with efficient distributed ingestion and end-to-end permission enforcement.

“Over the past year, enterprise AI has become a top priority for nearly every IT organization. While the potential of AI is transformational, the primary challenge lies in adapting data platforms to support the new AI workflows securely and efficiently,” said Liran Eshel, chairman and co- founder, CTERA. “CTERA remains committed to being at the forefront in delivering solutions that empower customers to not only simplify and modernize their IT environments with confidence, but to leverage evolving technologies that can maximum their business advantage.“

CTERA also expanded its executive team with the strategic additions of Cheryle Cushion as SVP marketing, Peter Mulvihill as VP of North America sales, and Klaus Seidl as VP of EMEA. To meet the demands of 2024 and expected growth in the year ahead, CTERA also promoted Daryl Tan to VP of APAC sales, Shannon Pope to VP of customer success and Michael Ivanov to VP of product marketing.

Additional 2024 highlights included:

• Continued Industry Leadership: CTERA was named a Leader in the 2024 GigaOm Radar for Cloud-Native Globally Distributed File Systems, the fourth consecutive year in which CTERA has been named a Leader in GigaOm Radar file system reports.
• CTERA Insight: Empowers enterprises to tackle the challenges of unstructured data growth across distributed environments by providing end-to-end observability, centralized analytics, and real-time visibility, enabling data-driven decisions that enhance security, optimize storage, reduce costs, and improve IT management efficiency across edge locations.
• Data Exfiltration Prevention: CTERA Ransom Protect was updated to include active data exfiltration protection using honeypot techniques, strengthening enterprises’ defenses insider threats and advanced ransomware extortion tactics.
• Microsoft Sentinel: A recent integration that enhances data protection and incident response, providing advanced tools to bolster cybersecurity and proactively counter emerging threats.
• Awards: CTERA was the Silver winner in Tech Target’s Enterprise Data Storage Products of the Year in the Enterprise Cloud Storage category. CTERA also was recognized as a Top 5 Enterprise Multi-Site File Collaboration Solution and a Top 5 Enterprise Hybrid Cloud SDS NAS Solution by DCIG, a leader in the Coldago Research Map 2024 for Cloud File Storage, and by CRN as a Top 50 Coolest Software-Defined Storage Vendor, while Michael Amselem was recognized by CRN as Channel Chief in 2024 and again in 2025. CTERA also won the Cloud Computing Product of the Year, an SDC Award for Cloud Storage Innovation of the Year, a TMcom AI in Cybersecurity Innovation Award and Cloud Computing Excellence Award, a Gold Globee Award in Technology for Cyberstorage, Software Defined Storage Vendor of the Year and Cloud Company of the Year at The Storries XXI Storage Awards, and as a highly recommended solution for Cloud Security Product of the Year (Enterprise) at Computing’s Cloud Excellence Awards.