Virtualization Technology News and Information
Zadara Storage Strong Momentum Accelerates with Record 2016 Results

Zadara Storage, the provider of award-winning, enterprise-class storage-as-a-service (STaaS) today announced record revenue in 2016, and records in almost every category of growth. The company's continued success demonstrates the excellent alignment between the market requirement for OpEx-based, flexible storage solutions and the Zadara Storage Cloud Enterprise Storage-as-a-Service Solution. Market research has predicted that the storage-as-a-service market will grow from about 16% of the overall storage market in 2016, to at least 80% by 2023 (source: IT Brand Pulse, October 2016). Zadara Storage addresses this rapid market transition by offering a unique and disruptive storage solution that is available in any location (cloud, on-premise and hybrid), supporting any data type (block, file and object), and connecting to any protocol (FC, iSCSI, iSER, NFS, CIFS, S3 and Swift).

"Market demand for enterprise storage-as-a-service was exceptional in 2016," said Nelson Nahum, CEO and co-founder of Zadara Storage. "It is clear that the market is making a dramatic transition from traditional CapEx-based storage to flexible, scalable, elastic OpEx-based Storage-as-a-Service, and Zadara Storage is well-positioned to satisfy this demand."

2016 highlights included:

  • Zadara Storage increased its expansion rate vs. 2015, with continued exponential sales growth of more than 2.5x (3-year CAGR).
  • Zadara International (non-US) sales grew 4x Year-over-Year (YoY).
  • Zadara Storage average revenue per customer grew 42% Year-over-Year (YoY).
  • Zadara On-Premise-as-a-Service (OPaaS) offering grew to 40% of overall recurring revenue.
  • Zadara's efficient business model enabled the company to continue its rapid growth while keeping headcount essentially flat.
  • Zadara Storage expanded globally into Russia, the Czech Republic, the Netherlands, Brazil, and the Philippines, among other locations.
  • Zadara Storage introduced key new functionality in 2016, including ZIOSTM Object Storage, Fibre Channel support, Large Flash Cache, and the Zadara "Cube" - a self-provisioning storage-as-a-service array available directly from the AWS marketplace. Revenues for the Zadara Cube more than doubled each month since its introduction in June.
  • Zadara Storage took the industry-leading position of announcing SSD storage services that are priced below HDD storage services.
  • Zadara Storage expanded its multi-cloud capability by adding Google Cloud Platform to the existing list of AWS, Microsoft Azure and other supported cloud service providers.
  • Zadara Storage continued to be recognized for its innovation and leadership by receiving 12 new awards and accolades, including TechTarget/Storage Magazine Product of the Year, Red Herring Top 100, Flash Memory Summit Best of Show, IT Brand Pulse Market Leader (5 categories), IT Brand Pulse "Industry First" for On-Premise as-a-Service, Entrepreneur 360, and Cloud Computing Backup and DR award.
Published Tuesday, January 31, 2017 11:48 AM by David Marshall
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