StorMagic Revenues Growing 140% Y/Y

StorMagic, provider of enterprise class virtual storage for virtual-server environments, announced record shipments of its Virtual SAN (SvSAN) software.

The 5-year old company saw its revenues grow 140% year over year for its last fiscal year through sales in Europe, Japan and North America.

The revenue growth was largely generated from sales of SvSAN to customers operating smaller data centers in multiple sites. These customers needed a high-performance, low-cost, and highly-available virtual SAN that would enable automatic failover and remote maintenance of virtual servers. Many of the multi-site customers were from government, education, banking, retail and manufacturing sectors, where on-site IT staff was limited and centralized management was needed.

"We needed shared storage in order to use the advanced features of VMware but didn’t have the budget for a hardware SAN. StorMagic’s SvSAN is not only ‘budget friendly’ but it’s rock-solid and the performance is fantastic," said Jeremy Bailey, IT User Support Analyst at Kent State University at Tuscarawas.

SvSAN provides virtual, shared storage for server virtualization environments and is a certified Storage Virtual Appliance for VMware vSphere. SvSAN provides high availability to applications running in a virtual-server environment and avoids the cost and complexity of traditional SANs.

"StorMagic’s growth confirms the significant demand for an affordable alternative to expensive SANs in virtual server environments," said Hans O’Sullivan, CEO of StorMagic. "We’ve invested significant resources over the last few years to develop a cost-effective alternative that provides the availability and performance required in virtualized, multisite environments."