ExaGrid reports a record quarter for bookings and revenue in Q4 2023 and 12 consecutive quarters of positive P&L, EBITDA and free cash flow.
Marlboro, Massachusetts, January 08, 2024–(BUSINESS WIRE)–ExaGrid®, the industry’s only tiered backup storage solution, announces that it achieved an all-time record for bookings and revenue in the fourth quarter ended December 31, 2023, and an overall record year in 2023.
ExaGrid’s revenue was up compared to the previous quarter and compared to the same quarter last year. ExaGrid grew by more than 20% in 2023, while maintaining a positive bottom line, EBITDA and free cash flow for the past 12 consecutive quarters.
ExaGrid added 173 new customers in the fourth quarter of 2023, including 59 six-figure deals and 3 seven-figure deals. ExaGrid has more than 4,100 active midsize enterprise customers protecting their data using ExaGrid’s tiered backup storage solution, with several Fortune 1000 customers added during the quarter. As ExaGrid’s growth accelerates, the company is hiring in all business areas worldwide.
“ExaGrid continues to expand its reach and now has sales teams in more than 30 countries worldwide, with customers having installations in more than 80 countries. Outside of the United States, business in Canada, Latin America, Europe, the Middle East, “Africa and Asia The Pacific is growing fast. We now do 48% of our business outside of the United States,” said Bill Andrews, president and CEO of ExaGrid.
“A few years ago, ExaGrid realized that no vendor was building backup-optimizing storage because they were all selling primary storage systems as backup storage targets or selling deduplication appliances online, which are slow to backup and restore. and result in costly upgrades. IT infrastructure overhauls. Backup storage has unique requirements, large backup jobs, incremental, synthetic full, backup rotation, long-term retention and many other aspects that make backup different from primary storage. ExaGrid’s unique tiered backup storage The solution was specifically designed to improve backup performance, restore performance, scalability as data grows, security, ransomware recovery, disaster recovery and backup economics, with low upfront and long-term costs,” Andrews explained. “Primary storage for large backup tasks. are not as fast, often not scalable and too expensive for long-term retention, and are network-oriented, making them vulnerable to security attacks.” , are not scalable, and are also networked, so they are security Also vulnerable to attacks.”
“ExaGrid prides itself on being a distinctly different product that just works, does what we say it does, is the right size, well supported and just gets the job done. We’re proud of our 95% Net Customer Retention, NPS Backing up these claims is a score of +81, the fact that 92% of our customers have activated our feature. Retention time-lock for ransomware recoveryAnd 99% of our customers enjoy an active annual maintenance and support plan,” said Andrews.
Q4 2023 Highlights:
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Strongly competitive acquisition rate, over 70% in the quarter.
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Inclusion of 173 new customers.
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A total of 59 six-figure deals with new customers and 3 seven-figure deals with new customers.
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Over 4,100 customers protect their data with ExaGrid tiered backup storage.
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Sales and support teams in 30 countries and customer facilities in more than 80 countries.
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Global sales growth: 48% of business was outside the United States.
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The company has positive treasury, EBITDA and income statement in the last 12 quarters.
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ExaGrid won “Storage Company of the Year” and “Backup/File Innovation of the Year” at the SDC Awards in November, adding to a total of 7 Storage Awards and 5 industry awards it previously won at the Network Computing Awards. Industry Awards in 2023.
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Greater integration with Commvault: So far, ExaGrid can take duplicated data from Commvault and increase the deduplication ratio by 3 times. In Q4, ExaGrid announced that both Commvault data compression and deduplication can be enabled and ExaGrid can deduplicate more data.
About ExaGrid
ExaGrid offers tiered backup storage, tiered backup storage with single disk cache landing zones, long-term retention repository and scale-out architecture. ExaGrid Landing Zone provides the fastest backup and restore as well as instant virtual machine recovery. The “repository tier” or repository level offers the lowest cost for long-term service. ExaGrid’s scalable architecture includes end-to-end appliances and ensures a fixed-length backup window as data grows, eliminating costly end-to-end upgrades and planned product obsolescence. ExaGrid offers only a two-tier backup storage approach with non-network-facing tiers (to generate a tiered air gap), delayed erase, and immutable objects to recover from ransomware attacks.
ExaGrid has physical sales and pre-sales system engineers in the following countries: Germany, Saudi Arabia, Argentina, Australia, Benelux, Brazil, Canada, Qatar, Chile, CIS, Colombia, South Korea, United Arab Emirates, Spain, United States States, France, Hong Kong, India, Israel, Italy, Japan, Mexico, Nordic countries, Poland, Portugal, United Kingdom, Czech Republic, Singapore, South Africa and Turkey, among other regions.
Visit us at exagrid.com or connect with us on LinkedIn. See what our customers have to say about their own experiences with ExaGrid and find out why they now spend so much less time on backups. It’s all in our customer success stories. ExaGrid is proud of its NPS score of +81!
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contacts
Press:
Mary Domenicelli
ExaGrid
mdomenichelli@exagrid.com
