Reports 53% Quarter Over Quarter Growth in Q3
WALTHAM, Mass. – November 15, 2016 – INFINIDAT, a leading provider of enterprise data storage solutions, today announced its Q3 2016 results, reporting 130 percent sales growth in Q3 2016 over Q3 2015. The company also achieved over 53 percent quarter over quarter sales growth and its highest revenue quarter to date.
Both North America and EMEA experienced 42 percent quarter over quarter sales growth, while the UK reported 200 percent growth. INFINIDAT has now shipped over half an Exabyte of capacity with the InfiniBox™ enterprise data storage system and continues to grow its customer base worldwide in all markets.
“Our growth is attributed to our success at delivering a product that not only meets the requirements of enterprise companies, but consistently outperforms the competition in customer evaluations,” said Moshe Yanai, INFINIDAT Founder and CEO. “In order for organizations to provide superior service to their customers, they require high performance, capacity and reliability without exception. With our innovative, flash-optimized InfiniBox storage system, they obtain all three capabilities, and at a cost that helps them realize a low total cost of ownership.”
INFINIDAT continued to achieve significant sales traction in key vertical markets in Q3, reporting that over 30 percent of sales was to leading firms in the finance sector, 27 percent was in technology, telecommunications and cloud services, and 23 percent was in healthcare and life sciences. INFINIDAT added several new customers in Q3, including Raymond James (financial services), eHarmony (online services), and Bluelock (cloud services provider).
New Customer Product Validation
“After an extensive evaluation, we happily joined the INFINIDAT customer base,” said Kelley Wood, Manager of Engineering and Architecture at Raymond James. “InfiniBox meets all of our firm’s key storage needs — Performance, Reliability, Capability, and Ease of Use — and the overall Total Cost of Ownership is outstanding. We’re excited about the prospects INFINIDAT brings to Raymond James.”
“INFINIDAT delivers the performance, reliability and scalability they advertise,” said Ninish Ukkan, SVP Technology at eHarmony. “In addition, InfiniBox comes with an outstanding Total Cost of Ownership that made it the perfect choice for our mission critical applications.”
INFINIDAT was named a Visionary for the second year in a row in the Gartner Magic Quadrant for General-Purpose Disk Arrays, published October 31. The company’s position in the Visionary quadrant advanced on both “Completeness of Vision” and “Ability to Execute.”
Companies who acquire, store and analyze the most data achieve the greatest competitive advantage. INFINIDAT helps clients achieve competitive business advantage at a disruptive price point by delivering 1M IOPS of performance at sub-millisecond latency, 99.99999% reliability and from 115 terabytes to over five petabytes of effective capacity in a single 42U rack. Automated provisioning, management, and application integration provide a system that is incredibly efficient and easy to deploy and manage. INFINIDAT is changing the paradigm of enterprise storage while reducing capital requirements, operational overhead, and complexity. INFINIDAT: Storing the Future.
For more information on INFINIDAT and its next-generation enterprise storage products, visit INFINIDAT.com.