ExaGrid’s fiscal year 2023 results were a record for the company.

ExaGrid reports a record quarter of orders and revenue in the fourth quarter of 2023, as well as 12 consecutive quarters of positive earnings, EBITDA and free cash flow.

MARLBOROUGH, MA January 8, 2024–(BUSINESS WIRE) –ExaGrid®, the industry’s only tiered backup storage solution, announces that it set an all-time record for orders and revenue in the fourth quarter ended December 31, 2023, and a record year overall in 2023.

ExaGrid’s revenue increased compared to the previous quarter and the same quarter in the previous year. ExaGrid grew more than 20% in 2023 while maintaining positive results, EBITDA and free cash flow for the last 12 consecutive quarters.

In the fourth quarter of 2023, ExaGrid added 173 new clients, including 59 six-figure deals and three seven-figure deals. ExaGrid has more than 4,100 active midsize and enterprise customers using ExaGrid’s tiered backup storage solution to protect their data, with many Fortune 1000 customers joining during the quarter. As ExaGrid’s growth accelerates, the company is hiring across all areas of its business across to the whole world.

“ExaGrid continues to expand its presence and now has sales teams in more than 30 countries around the world and installations at customers in more than 80 countries. Outside the US, business is carried out in Canada, Latin America, Europe, and the Middle East. “Africa and the Asia-Pacific region are growing rapidly. We now conduct 48% of our business outside the United States,” said Bill Andrews, ExaGrid President and CEO.

“Several years ago, ExaGrid realized that no vendor was building storage systems that optimized backup because they were all selling core storage systems as backup storage targets or selling deduplication appliances. Overhaul of IT infrastructure. Backup storage has unique needs due to large backup jobs, incremental, synthetic full, backup rotation, long-term retention and many other aspects that differentiate backup from primary storage. ExaGrid’s unique tiered backup storage solution was built specifically to improve backup performance, recover performance, scale as data grows, security, ransomware recovery, disaster recovery, and backup economics with low initial and long-term time investment.” Andrews explained. “Primary storage is not as fast at handling large backup jobs, is often not scalable and very expensive to store long-term, and is network-centric, making it vulnerable to security attacks.” ,are not scalable and are also networked, so they are also,vulnerable to security attacks.”

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“ExaGrid prides itself on having a clearly differentiated product that simply works, does what we say, is the right size, is well supported and simply gets the job done. We can back up these claims with our 95% net customer retention rate, NPS. score +81, the fact that 92% of our clients have our function activated Lock retention time for ransomware recoveryand 99% of our customers enjoy an active annual service and support plan,” Andrews said.

Key indicators for the fourth quarter of 2023:

• High level of competitive acquisitions, more than 70% per quarter.

• Attracting 173 new clients.

• In total, 59 six-figure deals were concluded with new clients and 3 seven-figure deals with new clients.

• More than 4,100 customers protect their data using ExaGrid’s tiered backup storage.

• Sales and support teams in 30 countries and customer representation in over 80 countries.

• Increased global sales: 48% of business was conducted outside the US.

• The company continues to have positive financial performance, EBITDA and earnings report over the past 12 quarters.

• ExaGrid won Storage Company of the Year and Backup/File Innovation of the Year at the SDC Awards in November, adding to the 5 industry awards it received earlier this year at the Storage Awards and Network competitions Computing Awards, 7 industry awards in total in 2023.

• Tighter integration with Commvault. Until now, ExaGrid was able to take deduplicated data from Commvault and increase the deduplication ratio by almost 3 times. In the fourth quarter, ExaGrid announced that both Commvault data compression and deduplication can be enabled, and ExaGrid will be able to deduplicate even more copies of data.

About ExaGrid

ExaGrid offers tiered backup storage, tiered backup storage with a single target disk cache zone, long-term retention storage, and a scalable architecture. ExaGrid Landing Zone provides the fastest backup and recovery, as well as instant recovery of virtual machines. The “repository tier” or repository tier offers the lowest cost of long-term maintenance. ExaGrid’s scalable architecture includes end-to-end appliances and provides a fixed-length backup window as data grows, eliminating costly end-to-end upgrades and planned product obsolescence. ExaGrid offers the only two-tier approach to backup storage with a non-networked layer (creating a multi-layered air gap), deferred deletion, and immutable objects for recovery from ransomware attacks.

ExaGrid has systems engineers for physical sales and pre-sales in the following countries: Germany, Saudi Arabia, Argentina, Australia, Benelux, Brazil, Canada, Qatar, Chile, CIS, Colombia, South Korea, United Arab Emirates, Spain, USA. States, France, Hong Kong, India, Israel, Italy, Japan, Mexico, Nordic countries, Poland, Portugal, UK, Czech Republic, Singapore, South Africa and Turkey, among other regions.

Visit us at exagrid.com or connect with us on LinkedIn. See what our customers have to say about their experiences with ExaGrid and find out why they now spend much less time on backups. All this is in the success stories of our clients. ExaGrid is proud of its NPS score of +81!

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Contacts

Press:
Mary Domenicelli
ExaGrid
mdomenichelli@exagrid.com