Tiered Backup Storage solution provider ExaGrid has reported all-time record bookings and revenue quarter ending March 31, 2022.
This comes in the back of ExaGrid’s four record-breaking quarters throughout 2021, increasing both bookings and revenue to a new all-time high, the company said. ExaGrid’s revenue grew sequentially from Q4 2021 to Q1 2022, and grew in double digits as compared to Q1 2021. Bill Andrews, President and CEO of ExaGrid said:
“ExaGrid’s continued momentum is the result of the ongoing expansion of our sales team and working with our channel partners across the globe. We continue to see that organizations are realising that primary storage disk is too expensive for longer-term retention and that traditional deduplication appliances don’t deliver the backup and restore performance needed to ensure that data is always available. ExaGrid offers the best ransomware recovery solution in the industry, which remains top of mind in today’s world.”
In addition, ExaGrid was cash positive in the quarter for the sixth quarter in row. ExaGrid added over 150 new customers in Q1 2022, including over 40 six- and seven-figure deals, and has more than 3,300 active upper mid-market and enterprise customers that use ExaGrid Tiered Backup Storage to protect their data. ExaGrid’s growth is accelerating, and the company is hiring over 50 additional inside and field sales staff worldwide.
ExaGrid appliances have a network-facing disk-cache Landing Zone where the most recent backups are written without inline deduplication for fast backups and are stored in an undeduplicated format for fast restores.