100% Bookings Growth for Panzura in 4Q17 Over 4Q16

Panzura, Inc., in enterprise hybrid cloud file services and cloud data management, announced a record year and 100% bookings growth in its fourth quarter.

New customer wins during the fourth quarter grew 115% over the same quarter in the prior year.

The company saw accelerated adoption for its enterprise hybrid cloud file services (NFS, SMB, and object) for consolidation of backup, archive, and DR; NAS replacement; real-time collaboration; and DevOps. Fueled by digital transformation and growth of data, there was strong new and existing customer growth across all key verticals including healthcare, financial services, energy, media and entertainment, engineering, and government.

According to IDC, the worldwide data services for hybrid cloud market is forecast to be $68.8 billion in 2021.

“The company executed extremely well in 2017, which resulted in record growth and customer adoption,” said Patrick Harr, CEO. “Our enterprise hybrid cloud file services platform, Panzura CloudFS, non-disruptively moves workloads to the cloud without sacrificing performance, delivers 90% reduction in NAS file infrastructure, and saves 70% total cost. With the $68 billion market, the leading enterprise cloud file system, and significant investments in innovation, leadership, sales, and channel, I expect our record momentum to continue.“

Key Highlights from 2017 Include:

• Record bookings and customer adoption: Q4 bookings were up 100% and new customer acquisition was up 115% over the same quarter in the prior year
• Accelerated channel momentum: Q4 channel growth was up 360% over the same quarter in the prior year; channel bookings were up 76% for the year
• Record data under management: 140% growth in petabytes under management for the year, with 90% of data stored in AWS and Azure
• Category-best customer satisfaction: Net Promoter Score (NPS), an industry measurement of customer satisfaction, reached 78

New Advisory Board Members
Tech luminaries Aruna Ravichandran and Mike Gustafson have joined the Panzura advisory board.

Aruna Ravichandran is known as a leader in DevOps, digital transformation, and software-defined networking, and was named one of the top 100 most influential women in Silicon Valley by Silicon Valley Business Journal.

Mike Gustafson brings over 25 years of experience as a leader of multiple public and private technology companies and teams, across infrastructure and software offerings and high growth businesses from pre-revenue to multi-billion dollar revenues. He is executive chairman of Druva since 2016 and was SVP and GM of WD/HGST from 2013 to 2016.

Expanded Leadership Team

Steve Morgan, CFO, comes most recently from Cyphort and Edgewater Networks, with a career focused on providing financial and operational leadership for high growth technology.

Criss Marshall, CMO, has led marketing programs generating excellent ROI and increased sales for start-ups to multibillion-dollar global enterprises such as NetApp, Imperva, and Palerra.

Geoff Tudor, VP and GM for cloud data services, was most recently the chief cloud strategist for HPE, where he helped grow the private cloud business from $50 million to over $1 billion in annual revenue.

Jason McKinney, VP of channels and alliances, comes from CloudGenera where he was co-founder and chief revenue officer. He also held leadership positions at Salesforce.com and VMware.

John Scott, VP of North American sales, was VP of US HP cloud sales at HPE, and led the Panzura East and North Central teams to a record year in 2017.