Cloudian doubles its revenue and increases customer base 50%
Cloudian has announced that its revenue for the first three quarters of fiscal 2019 (1 February to 31 October) doubled over the same period last year.
Key drivers of this growth included a 50& increase in new customers and strong momentum in repeat purchases by existing customers, with notable wins including sales to one of the world’s largest media companies, a top US university, a major consumer electronics retailer and government health agencies in both the US and Europe.
Cloudian’s expanding market footprint reflects its position as a specialist in providing fully S3-compliant on-premises object storage that works in managing and protecting data across hybrid and multi-cloud environments.
Other highlights over the last three quarters included 130 new reseller partners. More than 300% growth in reseller revenue contribution; a new European headquarters in Amsterdam and engineering centre in Milan; and an extended customer base to encompass nearly 25 countries.
“This is an exciting time for Cloudian as customers increasingly turn to us to ensure they have the data storage foundation needed to get the full value of their digital assets,” said Mike Tso, CEO at Cloudian. “We offer a unique combination of limitless scalability, geo-distribution, integrated file support and the industry’s best S3 compatibility, providing the flexibility to manage and protect data on-premises and as part of a hybrid or multi-cloud strategy.”
One of the keys to Cloudian’s continuing momentum has been the strength of its flagship product, HyperStore, an S3-compatible object storage platform with integrated cloud connectivity that allows users to merge on-premises and cloud computing to create a single storage pool. The resulting hybrid cloud and multi-cloud environments let customers optimise cost, performance and data location for various data types to achieve the highest possible ROI.