Welcome!

Cloud Expo Authors: Yeshim Deniz, Liz McMillan, Carmen Gonzalez, Elizabeth White, Daniel Keeney

News Feed Item

Nimble Storage Exceeds $100 Million Run Rate

Company Validates Hybrid Storage Success by Surpassing Sales, Customer, Product and Growth Milestones

SAN JOSE, CA -- (Marketwire) -- 02/07/13 -- Nimble Storage, the leading provider of flash-optimized hybrid storage solutions, today announced that the company surpassed a $100 million run rate in bookings in the fourth quarter of its fiscal year ending January 31, 2013, after just two-and-a-half years of commercially shipping its products. In addition to achieving annual sales growth of over 400 percent, Nimble has quadrupled its number of customers, surpassing the 1,100 mark, and has shipped more than 2,000 systems to date. The company also has significantly increased its global reach by expanding its presence in Europe and entering the Asia Pacific region with a presence in Australia and Singapore. Global employee headcount is now over 340, with substantial investments made in sales, engineering and operations personnel.

"This was a significant milestone for us in both sales and customer momentum," said Suresh Vasudevan, CEO of Nimble Storage. "Our customers have validated the growing demand for hybrid flash storage arrays and the strength of Nimble Storage's position against large incumbent vendors. Our founding premise, and the philosophy that every Nimble employee has held from the very beginning, is that we have the potential to build the next great storage company. Following that belief, Nimble has built not only groundbreaking products but also the infrastructure and sales funnel needed to deliver on its mission to make the world's most efficient data storage solution for enterprises."

Product Innovations

Nimble Storage has changed the game in the data storage industry by developing an integrated flash-optimized storage architecture designed expressly to leverage the best of flash performance and the price/capacity of high-capacity hard disk drives. Nimble Storage's scale-to-fit technology, built on the groundbreaking Cache Accelerated Sequential Layout (CASL) architecture, provides customers optimal efficiency for managing their storage performance, capacity and scalability.

During the last year, Nimble Storage expanded its product line, added technology innovations and increased its industry partnerships:

  • Products
    • With more than 2,000 storage arrays shipped to date, Nimble Storage has demonstrated the demand for hybrid storage technology.
    • Nimble Storage shipped over 10 petabytes of hybrid flash storage in the last quarter.
    • The CS400 was brought to market to provide an extreme-performance storage array designed to host enterprises' most demanding applications and workloads; it is capable of supporting hundreds of virtual machines or thousands of VDI users on each array.
  • Scale-to-Fit
    • The company delivered the industry's first scale-to-fit architecture, which allows customers to protect their investment by enabling them to scale capacity by adding additional storage shelves, to scale performance by upgrading the compute function to achieve greater throughput and IOPS, and to expand cache with larger SSDs to handle more active data. Scale-to-fit provides customers with an unprecedented level of flexibility to scale capacity and/or performance at the lowest incremental cost.
  • Industry Partnerships: SmartStack
    • Nimble Storage has developed strategic partnerships with VMware, Cisco and CommVault to provide reference architectures that have been tested for interoperability, performance and fast deployment. Nimble Storage SmartStack for VDI with VMware and Cisco and SmartStack for Data Protection with CommVault meet the high standards of each company to ensure the easiest deployment and highest ROI for joint customers.

"Independent storage companies that reach a $100 million run rate are on a short list within the market, which positions Nimble Storage as a top competitor," said Laura DuBois, program vice president for IDC's Storage Practice. "The demand for I/O-intensive capacity is growing at a compounded rate of over 75 percent annually, and Nimble is poised to take advantage of this exploding market with its hybrid storage architecture."

Awards and Accolades

Nimble Storage received the following industry recognition in 2012:

  • The Wall Street Journal's The Next Big Thing: Nimble Storage made this list based on its capital, executive experience and investor know-how, which enable it to succeed and make waves in the storage industry.
  • Storage Magazine/SearchStorage Product of the Year Finalist: The Nimble Storage CS400 was named a finalist in the "Enterprise Storage System" category.
  • The CRN Emerging Vendor List: The company made the list for the second time; it recognizes the most innovative vendors that not only deliver technology that is easy to use but also can generate high margins for solutions providers.

Customer Adoption

Nimble Storage's success has been fueled by demand from companies worldwide. Customers deploying Nimble Storage solutions have realized significant performance improvements as well as savings driven by reductions in total cost of ownership. Customer growth is consistent across all major vertical industries, including government, education, financial services, legal, healthcare and cloud storage providers. Nimble Storage customers include diverse set of names such as Northamptonshire Police, one of the United Kingdom's largest police force, Mulvanny G2, the #3 worldwide architecture firm, Plaxo, the originator of the smart address book, Kinaxis, a leader in supply chain management, American Association of Petroleum Geologists, Transtar automotive supply, Walton Arts in cultural entertainment, Celina Insurance, and University of Colorado, Boulder.

"I have had a very positive experience with Nimble Storage from start to finish, and continue to be impressed by the momentum the company continues to gain as it grows while maintaining its personal connection to its customers," said Daniel Kwong, Sacramento City College.

Partnerships

Since its inception, Nimble Storage has maintained a channel-centric business model. In 2012 the company increased reseller partnerships over 500 percent and expanded its partners beyond local resellers to include regional, national and international partners. Nimble Storage drives more than 95 percent of its revenue through the channel and in 2012 further increased referral sales and the depth of its alliance technology partnerships. Due to the attractiveness of the Nimble Storage Partner Program and the ease of selling its data storage solutions, Nimble Storage has increased its partner base to more than 400 partners worldwide.

"Nimble Storage's solutions offer customers a secure, reliable and flexible storage architecture that meets the needs of government agencies," said Robert R. Moore, vice president of Carahsoft. "Nimble's flash-optimized hybrid storage solutions offer our sales reps and reseller partners a competitive edge in the market and help us drive sales."

Financial

On Sept. 10, 2012, Nimble Storage received $40.7 million in an over-subscribed mezzanine funding round led by Sequoia Capital and Accel Partners. Existing Nimble investors Lightspeed Venture Partners and Artis Capital Management also participated in the round, and Nimble welcomed GGV Capital as an investor. Nimble Storage will use the funding across its operations, with major emphasis on propelling growth in sales, engineering and international market development. To date, Nimble Storage has raised $98 million.

Additional Resources

About Nimble Storage
Nimble Storage believes enterprises should not have to compromise on performance, capacity, ease of use, or price. Nimble has developed the first hybrid storage architecture engineered from the ground up to seamlessly integrate flash and high-capacity drives. Our customers enjoy as much as 10x faster application performance, enhanced backup and disaster recovery, and stress-free operations -- all while lowering their TCO. Nimble Storage solutions are available through a global network of world-class channel partners. For more information, visit www.nimblestorage.com and follow us on Twitter: @nimblestorage.

©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.

Media Contact:
Gary Good
Trainer Communications
Email Contact
707-837-1718

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

@CloudExpo Stories
Software-driven innovation is becoming a primary approach to how businesses create and deliver new value to customers. A survey of 400 business and IT executives by the IBM Institute for Business Value showed businesses that are more effective at software delivery are also more profitable than their peers nearly 70 percent of the time (1). DevOps provides a way for businesses to remain competitive, applying lean and agile principles to software development to speed the delivery of software that ...

ARMONK, N.Y., Nov. 20, 2014 /PRNewswire/ --  IBM (NYSE: IBM) today announced that it is bringing a greater level of control, security and flexibility to cloud-based application development and delivery with a single-tenant version of Bluemix, IBM's

"Our premise is Docker is not enough. That's not a bad thing - we actually love Docker. At ActiveState all our products are based on open source technology and Docker is an up-and-coming piece of open source technology," explained Bart Copeland, President & CEO of ActiveState Software, in this SYS-CON.tv interview at DevOps Summit at Cloud Expo®, held Nov 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
DevOps Summit 2015 New York, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that it is now accepting Keynote Proposals. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development cycles that produce software that is obsolete...
What do a firewall and a fortress have in common? They are no longer strong enough to protect the valuables housed inside. Like the walls of an old fortress, the cracks in the firewall are allowing the bad guys to slip in - unannounced and unnoticed. By the time these thieves get in, the damage is already done and the network is already compromised. Intellectual property is easily slipped out the back door leaving no trace of forced entry. If we want to reign in on these cybercriminals, it's hig...
Bit6 today issued a challenge to the technology community implementing Web Real Time Communication (WebRTC). To leap beyond WebRTC’s significant limitations and fully leverage its underlying value to accelerate innovation, application developers need to consider the entire communications ecosystem.
The 3rd International @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that it is now accepting Keynote Proposals. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - computers, smartphones, tablets, and sensors - connected to th...
The Internet of Things is not new. Historically, smart businesses have used its basic concept of leveraging data to drive better decision making and have capitalized on those insights to realize additional revenue opportunities. So, what has changed to make the Internet of Things one of the hottest topics in tech? In his session at @ThingsExpo, Chris Gray, Director, Embedded and Internet of Things, discussed the underlying factors that are driving the economics of intelligent systems. Discover ...
Cochlear Limited, the global leader in implantable hearing solutions, has selected AppZero for easy migration of its Microsoft Windows Server 2003 applications, a major priority for IT organizations before Microsoft ends support on July 14, 2015. AppZero software enables server application migration from old operating systems to new platforms or clouds and has been proven to be ten times faster, more reliable and efficient than alternative approaches.
Fundamentally, SDN is still mostly about network plumbing. While plumbing may be useful to tinker with, what you can do with your plumbing is far more intriguing. A rigid interpretation of SDN confines it to Layers 2 and 3, and that's reasonable. But SDN opens opportunities for novel constructions in Layers 4 to 7 that solve real operational problems in data centers. "Data center," in fact, might become anachronistic - data is everywhere, constantly on the move, seemingly always overflowing. Net...
SYS-CON Media announced today the IBM, which offers the world’s deepest portfolio of technologies and expertise that are transforming the future of work, has launched ad campaigns on SYS-CON’s numerous online magazines such as Cloud Computing Journal, DevOps Journal, Virtualization Journal, and IoT Journal. IBM's campaigns focus on application testing, improving application development processes, common challenges in testing composite applications, continuous testing as part of the DevOps lifec...
Infor has announced a new feature Infor CloudSuite™ Aerospace & Defense (A&D) to aid compliance with International Traffic in Arms Regulations (ITAR). The ITAR function will serve as a complementary function for new or existing Infor CloudSuite A&D customers, to facilitate compliance for Infor customers that are creating a US defense article or performing a US defense service and wish to benefit from cloud-services. The ITAR regulation serves to manage handling and access requirements for dat...
To manage complex web services with lots of calls to the cloud, many businesses have invested in Application Performance Management (APM) and Network Performance Management (NPM) tools. Together APM and NPM tools are essential aids in improving a business's infrastructure required to support an effective web experience... but they are missing a critical component - Internet visibility. Internet connectivity has always played a role in customer access to web presence, but in the past few years u...
In her General Session at 15th Cloud Expo, Anne Plese, Senior Consultant, Cloud Product Marketing, at Verizon Enterprise, focused on finding the right mix of renting vs. buying Oracle capacity to scale to meet business demands, and offer validated Oracle database TCO models for Oracle development and testing environments. Anne Plese is a marketing and technology enthusiast/realist with over 19+ years in high tech. At Verizon Enterprise, she focuses on driving growth for the Verizon Cloud platfo...
As cloud gives an opportunity to businesses to buy services externally – how is cloud impacting your customers? In his General Session at 15th Cloud Expo, Fabio Gori, Director of Worldwide Cloud Marketing at Cisco, provided answers to big questions: Do you see hybrid cloud as where the world is going? What benefits does it bring? And how does Cisco connect all of these clouds? He also discussed Intercloud and Cisco’s investment on it.
SYS-CON Events announced today that AIC, a leading provider of OEM/ODM server and storage solutions, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. AIC is a leading provider of both standard OTS, off-the-shelf, and OEM/ODM server and storage solutions. With expert in-house design capabilities, validation, manufacturing and production, AIC's broad selection of products are highly flexible and are conf...
SYS-CON Events announced today that Windstream, a leading provider of advanced network and cloud communications, has been named “Silver Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9–11, 2015, at the Javits Center in New York, NY. Windstream (Nasdaq: WIN), a FORTUNE 500 and S&P 500 company, is a leading provider of advanced network communications, including cloud computing and managed services, to businesses nationwide. The company also offers broadband, p...
SYS-CON Events announced today that IDenticard will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. IDenticard™ is the security division of Brady Corp (NYSE: BRC), a $1.5 billion manufacturer of identification products. We have small-company values with the strength and stability of a major corporation. IDenticard offers local sales, support and service to our customers across the United States and Canada...
IoT is still a vague buzzword for many people. In his session at @ThingsExpo, Mike Kavis, Vice President & Principal Cloud Architect at Cloud Technology Partners, discussed the business value of IoT that goes far beyond the general public's perception that IoT is all about wearables and home consumer services. He also discussed how IoT is perceived by investors and how venture capitalist access this space. Other topics discussed were barriers to success, what is new, what is old, and what th...
Agility is top of mind for Cloud/Service providers and Enterprises alike. Policy Driven Data Center provides a policy model for application deployment by decoupling application needs from the underlying infrastructure primitives. In his session at 15th Cloud Expo, David Klebanov, a Technical Solutions Architect with Cisco Systems, discussed how it differentiates from the software-defined top-down control by offering a declarative approach to allow faster and simpler application deployment. Davi...