Record 2016 Revenue for Zadara Storage

Zadara Storage Ltd, provider of enterprise storage-as-a-service (STaaS) announced record revenue in 2016, and records in almost every category of growth.

The company’s continued success demonstrates the alignment between the market requirement for OpEx-based, flexible storage solutions and the Zadara Storage Cloud enterprise STaaS solution.

Market research has predicted that the STaaS market will grow from about 16% of the overall storage market in 2016, to at least 80% by 2023 (source: IT Brand Pulse, October 2016).

Zadara addresses this rapid market transition by offering a storage solution that is available in any location (cloud, on-premise and hybrid), supporting any data type (block, file and object), and connecting to any protocol (FC, iSCSI, iSER, NFS, CIFS, S3 and Swift).

“Market demand for enterprise storage-as-a-service was exceptional in 2016,” said Nelson Nahum, CEO and co-founder, Zadara. “It is clear that the market is making a dramatic transition from traditional CapEx-based storage to flexible, scalable, elastic OpEx-based Storage-as-a-Service, and Zadara Storage is well-positioned to satisfy this demand.”

2016 highlights included:
    •    Zadara increased its expansion rate vs. 2015, with continued exponential sales growth of more than 2.5x (3-year CAGR).
    •    International (non-US) sales grew 4x Y/Y.
    •    Average revenue per customer grew 42% Y/Y.
    •    On-Premise-as-a-Service (OPaaS) offering grew to 40% of overall recurring revenue.
    •    Efficient business model enabled the company to continue its growth while keeping headcount essentially flat.
    •    Expanded globally into Russia, the Czech Republic, the Netherlands, Brazil, and the Philippines, among other locations.
    •    Introduced new functionality in 2016, including ZIOS Object Storage, FC support, Large Flash Cache, and the Zadara ‘Cube’ – a self-provisioning storage-as-a-service array available directly from the AWS marketplace. Revenues for the Zadara Cube more than doubled each month since its introduction in June.
    •    Announced SSD storage services that are priced below HDD storage services.
    •    Expanded its multi-cloud capability by adding Google Cloud Platform to the existing list of AWS, Microsoft Azure and other supported cloud service providers.
    •    Continued to be recognized for its innovation and leadership by receiving 12 new awards and accolades, including TechTarget/Storage Magazine Product of the Year, Red Herring Top 100, Flash Memory Summit Best of Show, IT Brand Pulse Market Leader (5 categories), IT Brand Pulse ‘Industry First’ for On-Premise as-a-Service, Entrepreneur 360, and Cloud Computing Backup and DR award.