Click here to close now.

Welcome!

Virtualization Authors: Liz McMillan, Pat Romanski, Elizabeth White, Yeshim Deniz, Carmen Gonzalez

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.

@ThingsExpo Stories
In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect at GE, and Ibrahim Gokcen, who leads GE's advanced IoT analytics, focused on the Internet of Things / Industrial Internet and how to make it operational for business end-users. Learn about the challenges posed by machine and sensor data and how to marry it with enterprise data. They also discussed the tips and tricks to provide the Industrial Internet as an end-user consumable service using Big Data Analytics and Industrial Cloud.
17th Cloud Expo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterprises are using some form of XaaS – software, platform, and infrastructure as a service.
Sensor-enabled things are becoming more commonplace, precursors to a larger and more complex framework that most consider the ultimate promise of the IoT: things connecting, interacting, sharing, storing, and over time perhaps learning and predicting based on habits, behaviors, location, preferences, purchases and more. In his session at @ThingsExpo, Tom Wesselman, Director of Communications Ecosystem Architecture at Plantronics, will examine the still nascent IoT as it is coalescing, including what it is today, what it might ultimately be, the role of wearable tech, and technology gaps stil...
The explosion of connected devices / sensors is creating an ever-expanding set of new and valuable data. In parallel the emerging capability of Big Data technologies to store, access, analyze, and react to this data is producing changes in business models under the umbrella of the Internet of Things (IoT). In particular within the Insurance industry, IoT appears positioned to enable deep changes by altering relationships between insurers, distributors, and the insured. In his session at @ThingsExpo, Michael Sick, a Senior Manager and Big Data Architect within Ernst and Young's Financial Servi...
The Workspace-as-a-Service (WaaS) market will grow to $6.4B by 2018. In his session at 16th Cloud Expo, Seth Bostock, CEO of IndependenceIT, will begin by walking the audience through the evolution of Workspace as-a-Service, where it is now vs. where it going. To look beyond the desktop we must understand exactly what WaaS is, who the users are, and where it is going in the future. IT departments, ISVs and service providers must look to workflow and automation capabilities to adapt to growing demand and the rapidly changing workspace model.
Since 2008 and for the first time in history, more than half of humans live in urban areas, urging cities to become “smart.” Today, cities can leverage the wide availability of smartphones combined with new technologies such as Beacons or NFC to connect their urban furniture and environment to create citizen-first services that improve transportation, way-finding and information delivery. In her session at @ThingsExpo, Laetitia Gazel-Anthoine, CEO of Connecthings, will focus on successful use cases.
One of the biggest impacts of the Internet of Things is and will continue to be on data; specifically data volume, management and usage. Companies are scrambling to adapt to this new and unpredictable data reality with legacy infrastructure that cannot handle the speed and volume of data. In his session at @ThingsExpo, Don DeLoach, CEO and president of Infobright, will discuss how companies need to rethink their data infrastructure to participate in the IoT, including: Data storage: Understanding the kinds of data: structured, unstructured, big/small? Analytics: What kinds and how responsiv...
Building low-cost wearable devices can enhance the quality of our lives. In his session at Internet of @ThingsExpo, Sai Yamanoor, Embedded Software Engineer at Altschool, provided an example of putting together a small keychain within a $50 budget that educates the user about the air quality in their surroundings. He also provided examples such as building a wearable device that provides transit or recreational information. He then reviewed the resources available to build wearable devices at home including open source hardware, the raw materials required and the options available to power s...
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo in Silicon Valley. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal an...
DevOps tends to focus on the relationship between Dev and Ops, putting an emphasis on the ops and application infrastructure. But that’s changing with microservices architectures. In her session at DevOps Summit, Lori MacVittie, Evangelist for F5 Networks, will focus on how microservices are changing the underlying architectures needed to scale, secure and deliver applications based on highly distributed (micro) services and why that means an expansion into “the network” for DevOps.
How do APIs and IoT relate? The answer is not as simple as merely adding an API on top of a dumb device, but rather about understanding the architectural patterns for implementing an IoT fabric. There are typically two or three trends: Exposing the device to a management framework Exposing that management framework to a business centric logic Exposing that business layer and data to end users. This last trend is the IoT stack, which involves a new shift in the separation of what stuff happens, where data lives and where the interface lies. For instance, it's a mix of architectural styles ...
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 – is now accepting Hackathon proposals. Hackathon sponsorship benefits include general brand exposure and increasing engagement with the developer ecosystem. At Cloud Expo 2014 Silicon Valley, IBM held the Bluemix Developer Playground on November 5 and ElasticBox held the DevOps Hackathon on November 6. Both events took place on the expo floor. The Bluemix Developer Playground, for developers of all levels, highlighted the ease of use of...
We’re no longer looking to the future for the IoT wave. It’s no longer a distant dream but a reality that has arrived. It’s now time to make sure the industry is in alignment to meet the IoT growing pains – cooperate and collaborate as well as innovate. In his session at @ThingsExpo, Jim Hunter, Chief Scientist & Technology Evangelist at Greenwave Systems, will examine the key ingredients to IoT success and identify solutions to challenges the industry is facing. The deep industry expertise behind this presentation will provide attendees with a leading edge view of rapidly emerging IoT oppor...
Connected devices and the Internet of Things are getting significant momentum in 2014. In his session at Internet of @ThingsExpo, Jim Hunter, Chief Scientist & Technology Evangelist at Greenwave Systems, examined three key elements that together will drive mass adoption of the IoT before the end of 2015. The first element is the recent advent of robust open source protocols (like AllJoyn and WebRTC) that facilitate M2M communication. The second is broad availability of flexible, cost-effective storage designed to handle the massive surge in back-end data in a world where timely analytics is e...
We certainly live in interesting technological times. And no more interesting than the current competing IoT standards for connectivity. Various standards bodies, approaches, and ecosystems are vying for mindshare and positioning for a competitive edge. It is clear that when the dust settles, we will have new protocols, evolved protocols, that will change the way we interact with devices and infrastructure. We will also have evolved web protocols, like HTTP/2, that will be changing the very core of our infrastructures. At the same time, we have old approaches made new again like micro-services...
SYS-CON Events announced today that Gridstore™, the leader in hyper-converged infrastructure purpose-built to optimize Microsoft workloads, 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. Gridstore™ is the leader in hyper-converged infrastructure purpose-built for Microsoft workloads and designed to accelerate applications in virtualized environments. Gridstore’s hyper-converged infrastructure is the industry’s first all flash version of HyperConverged Appliances that include both compute and storag...
For years, we’ve relied too heavily on individual network functions or simplistic cloud controllers. However, they are no longer enough for today’s modern cloud data center. Businesses need a comprehensive platform architecture in order to deliver a complete networking suite for IoT environment based on OpenStack. In his session at @ThingsExpo, Dhiraj Sehgal from PLUMgrid will discuss what a holistic networking solution should really entail, and how to build a complete platform that is scalable, secure, agile and automated.
The industrial software market has treated data with the mentality of “collect everything now, worry about how to use it later.” We now find ourselves buried in data, with the pervasive connectivity of the (Industrial) Internet of Things only piling on more numbers. There’s too much data and not enough information. In his session at @ThingsExpo, Bob Gates, Global Marketing Director, GE’s Intelligent Platforms business, to discuss how realizing the power of IoT, software developers are now focused on understanding how industrial data can create intelligence for industrial operations. Imagine ...
Hadoop as a Service (as offered by handful of niche vendors now) is a cloud computing solution that makes medium and large-scale data processing accessible, easy, fast and inexpensive. In his session at Big Data Expo, Kumar Ramamurthy, Vice President and Chief Technologist, EIM & Big Data, at Virtusa, will discuss how this is achieved by eliminating the operational challenges of running Hadoop, so one can focus on business growth. The fragmented Hadoop distribution world and various PaaS solutions that provide a Hadoop flavor either make choices for customers very flexible in the name of opti...
In the consumer IoT, everything is new, and the IT world of bits and bytes holds sway. But industrial and commercial realms encompass operational technology (OT) that has been around for 25 or 50 years. This grittier, pre-IP, more hands-on world has much to gain from Industrial IoT (IIoT) applications and principles. But adding sensors and wireless connectivity won’t work in environments that demand unwavering reliability and performance. In his session at @ThingsExpo, Ron Sege, CEO of Echelon, will discuss how as enterprise IT embraces other IoT-related technology trends, enterprises with i...