500% Quarterly Revenue Growth for Elastifile
From 3Q to 4Q FY18
This is a Press Release edited by StorageNewsletter.com on March 14, 2019 at 2:36 pmElastifile, Inc. has met and exceeded milestones implemented to measure success in the cloud infrastructure marketplace, illustrating the increasing demand for scalable, enterprise file storage as an enabler for ubiquitous cloud adoption.
Buoyed by the launch of a fully managed, scalable file storage service on Google Cloud, its enterprise file storage solutions have seen customer adoption since their debut on the GCP Marketplace in April 2018.
It provides Google Cloud users with highly-available, scalable storage for Kubernetes and supporting a variety of enterprise applications including SAP, WordPress, and industry-specific workloads such as media rendering, electronic simulation, financial modeling. Its automated deployment and flexible, pay-as-you-go pricing deliver simplicity and flexibility aligned with the needs of the modern enterprise.
The growing market demand for appropriate cloud-native solutions was also demonstrated by firm’s 5X quarter-over-quarter revenue growth from 3Q to 4Q of FY18. In this time frame, the vendor saw increase in adoption across a variety of enterprise use cases and across diverse industries including financial services, life sciences, media and entertainment, and manufacturing.
“Our consistently improving metrics demonstrate that Google Cloud users are seeing excellent value in Elastifile’s marketplace offerings,” said Erwan Menard, CEO. “This success on the GCP Marketplace, coupled with the increasingly diverse set of use cases we address, makes us confident that our place in this growing market is one of strength and leadership. It is from this position that we will continue to offer cutting-edge, customer-centric solutions to solve the ever-evolving cloud data challenges.”
To ease enterprise cloud adoption, the company was designed to deliver the feature set, flexibility, and cost-efficiency to support customers at every stage of their cloud journey. Whether starting off with simple cloud backup/archival, bursting to cloud for additional compute, or executing a wholesale ‘lift and shift’ to cloud, Its service allows customers to reap the benefits of cloud integration, at their own pace. In addition, by delivering file storage via standard protocols (e.g. NFS), with no need for OS kernel modifications or client-side software installs, the company provides native compatibility with existing applications and workflows, eliminating the need for costly refactoring projects.
Elastifile is available on Google Cloud Platform (GCP), Amazon Web Services (AWS), and bare metal on-premises environments, with Microsoft Azure availability coming soon.
Read also:
Elastifile Introduces ClearTier
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October 4, 2018 | Press Release
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In scale-out file in public cloud
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Comments
This announce illustrates again the new wave of file storage with other players, rising as well, also with very good growth rate in their respective comfort zone. This is the case for BeeGFS-based products, Quobyte, Qumulo, Panasas, Rozo and WekaIO who all did well for several quarters.
The surprise with Elastifile is the radical shift to pure cloud environments as they designed the product to shake the on-premise file environments with hybrid models. Now they claim to be cloud-native, a bit funny when you know the story of the company and the product. Also the product doesn't have erasure coding but just replication, it means that it limits itself to environments with pretty small capacity and file size as replication represents a real penalty for large files and capacity. Other vendors, listed above, have demonstrated real efficient erasure coding at scale for primary storage use cases. So what's the plan here?
The other missing piece is the absence of SMB as Elastifile ECFS supports only NFS. We imagine that Elastifile addresses only NFS use cases which is a part of the market, big enough probably for them, but a part. Could we say it's half a NAS?
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