Komprise announced that subscription revenues more than doubled for a
third consecutive year. Komprise enterprise customers are distributed across
healthcare, life sciences, biotech, media and entertainment, public sector,
higher education, financial services, legal, energy, high-tech and other
industries managing petabyte-scale unstructured data environments.
Customers are using Komprise
in several ways to enhance their data-driven operations, including cold data
tiering for an average cost savings of 70%, 25 times faster cloud file
migrations, cloud storage cost optimization, self-service data management and
storage capacity planning through cross-silo visibility and actionable
analytics. Other growing use cases include unstructured data tagging and
automated workflows to right-place data for AI and data science initiatives.
Komprise 2022 Highlights:
- Doubled
annual subscription revenues for a third consecutive year.
- 50%
growth in the Komprise Global File Index, which consists of
hundreds of billions of files, providing customers a Google-like search
across their entire data estate to find, tag and mobilize unstructured
data.
- 120%
net dollar retention (NDR) showing world-class customer retention and
expansion, even during an economic downturn.
- 30%
of revenues came from expansions, indicating strong customer satisfaction
and loyalty.
- 200%
growth in the number of organizations using Komprise for data migrations
to a new NAS or for cloud data migrations.
- 100+
Microsoft customers migrating data to Azure using Komprise during the
first 12 months of the Azure File Migration program, which funds customer
use of Komprise.
- The
company closed $37 million in new investment in January
2023.
- Recognized
as the leader in the GigaOm Radar for Data Migration Tools 2022 and
Coldago Report on Unstructured Data Management 2022, and covered in
Gartner Hype Cycle for Hybrid Cloud Storage, 2022
- Continued
product innovation with Smart Data
Workflows, Departmental/User Self-Service and Hypertransfer for Elastic Data Migration.
Customer Trends in
Unstructured Data Management & Storage
Komprise internal research
on its customers during Q4 of 2022 uncovered several trends which will likely
persist throughout the coming year. Customers are looking to prioritize time
and investment in the following areas.
- Reducing
IT spending by pivoting to more of an OPEX environment and by deleting
data that is no longer needed to reduce storage costs and complexity.
- Simplifying
infrastructure, getting rid of legacy apps and software and data center
consolidation to support business growth and IT modernization.
- Managing
research workflows and the full lifecycle of data: Examples include, from
a major university: enabling users to share data between labs and send
some data to the cloud for processing, then bring it back on-premises.
- Use
industry standards to move data easily between platforms.
- Externalize
(tier) data off NAS: IT and storage managers want to tier cold data from
across the business to cheaper, secondary storage to save money and free
up primary storage capacity.
"Every enterprise IT
organization today is looking to cut costs as they modernize and simplify how
their users can get faster access to data," says Krishna Subramanian, COO and
cofounder of Komprise. "This is why unstructured data management is becoming a
must-have strategy for companies to be efficient, stop overspending on data
storage, ensure successful migrations to the cloud and generate new value from
data."