Ctera Doubling Y/Y Enterprise Software Subscription Revenue

CTERA Networks, Ltd announced record results for fiscal year 2017, more than doubling its enterprise software subscription revenue year-over-year.

By combining unified and accelerated file services with military-grade security, CTERA provides a range of enterprise file services and continues to drive strong customer traction across Fortune 100 enterprises, global government organisations, and leading cloud service providers.
 
“The modernisation of corporate file services is a major priority around the world, but for many organisations the requirements for data security and performance come first,” said Liran Eshel, CEO and co-founder. “Our record results in 2017 are indicative of CTERA’s unique position in the market, enabling world-leading organisations to efficiently transition from legacy infrastructure to secure, cloud-based file services. No other solution provider offers modern file collaboration and data protection that can provide consistent performance and security from edge to cloud.”
 
CTERA’s 2017 business highlights include:
 
Customer Traction
The firm continued to add world-leading organisations to its global customer community, including McDonald’s and new commands within the U.S. Department of Defense, and also expanded its implementations at numerous tier-1 financial services firms and leading service providers.
 
Product Enhancements

• Announced version 6.0 of the Enterprise File Services Platform, adding smart caching capabilities to its edge filers and endpoint agents that deliver infinite file capacity and content access to branch office environments and corporate users.
• Added support for universal ACLs, making it simple for users to migrate legacy office file systems to a desktop or laptop experience. CTERA technology’s enables NT-ACLs to follow collaboration policies across office file servers, desktops and even mobile devices.
• Earned certification for FIPS 140-2, a U.S. federal government data encryption standard.
   

Strategic Partnerships
Th company continued to expand its alliance partnerships in 2017 with global cloud and software-defined storage providers. It announced strategic reselling agreements with IBM and HPE, and grew business with Dell EMC and AWS, as well as with world-leadingcloud service providers: Telefonica, Orange, Swisscom, Telecom Italia, and Bezeq.
 
Industry Recognition
The vendor was recognised in 2017 by industry analysts, including Gartner, IDC, and Forrester. It was mentioned as a selected vendor in Gartner reports across multiple categories, including Cloud Storage Gateways, Enterprise Endpoint Backup, Integrated Backup Appliances and Information Dispersal Algorithms, and was named by Gartner to the 2017 Magic Quadrant for Content Collaboration Platforms.
 
CTERA Customer Video and Momentum
Video – McDonald’s Presents at Gartner IO 2017