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.