Company Springboards From Oversubscribed Series C Funding Round to Further Expand Adoption of Its Breakthrough Data Storage Technology
SAN JOSE, CA--(Marketwire - January 25, 2011) - Nimble Storage, developer of the first converged data storage and backup solution, today announced that it has amassed over 40 customers of its innovative CS-Series enterprise storage solution in the first four months of shipping, tripling its aggressive revenue projections for the period. In November, 2010, the company also garnered $16 million in an oversubscribed Series C round of funding. By addressing pervasive storage challenges facing midsize enterprises, Nimble has ramped revenue faster than the most successful storage startups of the past decade. Nimble helps organizations overcome the high costs and complexity of enterprise storage by providing an innovative storage architecture that accelerates performance and reduces the cost of primary storage; easily incorporates backup as part of an overall storage strategy; and provides a simplified, cost-effective approach to disaster recovery.
Momentum
Nimble has seen rapid acceptance of its CS-Series converged storage and backup solution, with especially strong adoption in high tech, architecture, financial services, legal, healthcare, and state and local government. To meet demand, the company has doubled sales staffing in the first quarter of 2011 and increased overall headcount by 25 percent over end-of-2010 levels.
Nimble's widespread adoption has been driven by overwhelmingly positive customer response. "Our primary storage and backup processes were previously separate and siloed, and we lacked the systems necessary to make disaster recovery a reality," said Mike Brester, systems administrator for MulvannyG2, a Bellevue, Washington-based architecture firm. "And the costs for maintaining separate storage appliances and regimens were out of control. Nimble gave us the first practical alternative, with a converged storage and backup solution that also made offsite replication for disaster recovery a routine process."
"Nimble Storage has the right idea at the right time," said Robin Harris, founder and senior analyst, StorageMojo. "The Nimble solution combines storage, backup, and disaster recovery into a single process, simplifying IT's job. Combined with its CASL™ storage architecture, this positions Nimble to relieve a serious pain felt by IT administrators."
The company's breakthrough CASL architecture, incorporated in the CS-Series, allows organizations to reduce their capital expenditures for storage and backup by at least 60 percent, while eliminating the need for separate, disk-based backup.
Awards and Certifications
Nimble has achieved high recognition for its breakthrough approach to enterprise storage:
Nimble Uniquely Addresses Customer Challenges
Widespread adoption of the Nimble CS-Series highlights Nimble's unique approach to solving some of the toughest challenges in enterprise data storage:
Disruptive Innovation
Nimble's CS-Series is based on its Cache Accelerated Sequential Layout (CASL™), which enables fast inline data compression, intelligent data optimization leveraging flash memory and high-capacity disk, instant deduped backups, and WAN-efficient replication -- all in a single device. CASL allows organizations to reduce their capital expenditures for storage and backup while eliminating the need for separate, disk-based backup. Pricing starts at under $3/GB (usable) for primary storage and $0.25/GB for backup storage.
About Nimble Storage
Nimble Storage has developed the first converged storage and backup solution that significantly reduces the cost and complexity of storing, accessing, and protecting data for enterprises. The company's CASL architecture uniquely combines flash and high-capacity disk to support the most demanding primary applications and reduces backup windows and restore times from hours to seconds -- all for at least 60 percent lower cost than existing solutions. Nimble Storage also provides a simple, cost-effective disaster recovery solution that offers business continuity and long-term data protection. Nimble Storage solutions are available through a nationwide network of IT solution providers. For more information visit www.nimblestorage.com.
©Nimble Storage and CASL are trademarks or registered trademarks of Nimble Storage. Other trade names or words used in this document are the properties of their respective owners.
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