ExaGrid, Provider of Intelligent Hyperconverged Storage for Backup, Reports Record Annual Revenue for 2018

ExaGrid?, a leading provider of intelligent hyperconverged storage for backup, today announced record revenue for the full year of 2018. ExaGrid’s revenue grew 20% in 2018 over 2017. The company is growing faster than the overall market and continues to grow its market share position. Demonstrating growing demand on the part of enterprise IT environments for a superior solution that’s also cost effective, ExaGrid added over 100 new customers in the 4th quarter of 2018

“ExaGrid had an excellent year in North America, Latin America, EMEA and APAC,” said Bill Andrews, CEO and President of ExaGrid. “We are gaining momentum as our growth percentages demonstrate. In 2016, ExaGrid reported 12.2% growth; in 2017, 14.5%; and in 2018, 20%. The corporate goal is a growth rate of 25% in 2019 and 30% in 2020.” ExaGrid has continued to added global sales teams and now covers over 30 countries worldwide. The company will continue to expand its global reach with the goal of covering over 50 countries in 2020.

Andrews reports that customers in record numbers are turning to ExaGrid out of frustration with poor performance and excessive cost incurred when using disk behind backup applications with deduplication. Similar performance and cost complaints are heard from customers using inline deduplication products such as Dell EMC Data Domain and HPE StoreOnce. ”ExaGrid’s unique scale-out architecture with a landing zone and adaptive deduplication beats every solution on the market when it comes to backup performance, restore performance, cost up front, and cost over time. In addition, ExaGrid eliminates forklift upgrades and product obsolescence.”