824% Growth for StorMagic in FY13

StorMagic, Inc. generated a year-over-year revenue increase of 824% in its fiscal year 2013, a new record for the company.

This continues a trend of growth; its year-over-year revenues increased 300% in fiscal 2012 and 140% in fiscal 2011.

This growth is due primarily to sales and adoption of its product SvSAN in enterprise organizations with multiple distributed virtualized sites. These customers need low-cost, flexible, high-performance shared storage that enables HA and centralized management of sites. These needs are particularly acute in the retail, education, banking, government and manufacturing sectors.

"We’re solving key business problems for a growing number of large retailers, government agencies and more, enabling HA across their sites with less hardware and less operating expense than traditional and other competing virtual storage solutions," said Hans O’Sullivan, CEO, StorMagic. "The demand for affordable alternatives to expensive SANs in virtual server environments continues to grow, and we are perfectly positioned to deliver value to this still growing market."

"StorMagic’s impressive year-over-year revenue growth is validation that the market for efficient, multi-site virtual storage continues to expand – and that StorMagic is delivering an impressive solution with tremendous value," said Tony Asaro, CEO, The INI Group. "Organizations such as enterprise retail, are really gravitating toward the cost-efficiency, performance and ease of use that SvSAN brings, especially across multi-site environments."

StorMagic’s SvSAN is a virtual storage appliance designed for enterprise organizations managing a distributed IT infrastructure where there is high risk of revenue loss or liability. It provides shared storage to distributed IT environments and enables organizations to achieve HA and other advanced hypervisor features with lower CAPEX and OPEX investment than other storage solutions.