Press Release
Contact:
|
Davida Dinerman or Amy Burnis |
Wayne St. Amand |
ExaGrid Systems Posts Record Sales in Q4 2006
Company Achieves 5th Consecutive Quarter of Sales Growth
Westborough, - Mass. January 23, 2007- ExaGrid Systems, Inc., (www.exagrid.com) the leader in cost-effective and scalable disk-based backup solutions, today announced record sales for the fourth quarter ending December 31, 2006. Fourth quarter sales for the company were up 36% compared to Q3'06, and up 428% compared to the same quarter in 2005. Full-year sales for 2006 were up 337% over the same period in 2005. ExaGrid's compound quarter-over-quarter average growth rate, Q4'05 to Q4'06, was 51%.
Along with record sales results, the company continued to execute in a variety of important areas, including delivering new product releases and growing its customer base throughout 2006. Key achievements include the following:
- New product releases: ExaGrid v2.1 and v2.3 deliver additional data restore options for disaster recovery, optimized backup of Microsoft® SQL databases, and expanded support for backup applications such as CA BrightStor® ARCserve® Backup, Symantec™ Backup Exec™, Symantec NetBackup and CommVault® Galaxy™. For more product-related information visit: http://www.exagrid.com/news/pr_082206.htm
- Multiple new customers in key industry verticals: Local, State and Federal Government; Healthcare; Banking; Engineering Services; Architectural Firms; Manufacturing; Legal; Transportation and Education. For more customer-related information visit: http://www.exagrid.com/disk-backup/success_stories.html
- Backup application certifications: Both CA and CommVault certified the ExaGrid system for use with Brightstor ARCserve Backup and Galaxy via a rigorous compatibility testing process. For more certification-related information visit: http://www.exagrid.com/partners/technology_partners.html
- Government contract additions: The ExaGrid system was added to several major government contract acquisition vehicles in Q4'06, including GSA for general Federal acquisitions and the NASA SEWP III contract for DISA/DOD acquisitions. For more contract-related information visit: http://www.exagrid.com/news/pr_121906.htm
"The market's move to disk-based backup with cost saving data reduction technologies is definitely in progress and ExaGrid has become a fast-growing leader in the space," said Bill Andrews, President and CEO of ExaGrid Systems. "ExaGrid's sales to mid-market and small enterprise companies increased dramatically throughout 2006, with a strong finish in Q4. Over half of ExaGrid's customers have rolled out an onsite and offsite solution, turning tape backups completely off for both onsite and offsite retention. Disk-based backup remains a robust worldwide market opportunity and we are excited about the year to come."
About ExaGrid's Technology
The ExaGrid system is a turnkey, plug-and-play solution that sits behind existing backup applications and enables faster and more reliable backups and restores. Customers report that backup windows are reduced on average by 30 to 80 percent. ExaGrid's unique byte-level delta data reduction and last backup compression, coupled with high quality SATA storage, is on average 25 to 30 percent the price of standard storage without data reduction. This unique approach reduces the amount of disk space needed to at least 20 to 1.
About ExaGrid Systems, Inc.
Located in Westborough, Massachusetts, ExaGrid is the leader in cost-effective and scalable disk-based backup solutions. A scalable system that works with existing backup applications, the ExaGrid system is ideal for mid-market and small enterprise companies looking to quickly eliminate the hassles of tape backup while reducing their existing backup windows. ExaGrid's innovative approach minimizes the amount of data to be stored by providing standard data compression for the most recent backups along with byte-level delta data reduction technology for all previous backups. Customers can deploy the ExaGrid system at a primary site and at a second site to supplement or eliminate offsite tapes with a live data repository or for disaster recovery.
For more information, contact ExaGrid at 800-868-6985 or send us an email.
###
ExaGrid is a registered trademark and Intelligent Disk-based Data Protection is a trademark of ExaGrid Systems, Inc. All other trademarks are the property of their respective holders.
ExaGrid Headlines
Customer Quotes
