Welcome!

Containers Expo Blog Authors: Mehdi Daoudi, Carmen Gonzalez, Elizabeth White, Aruna Ravichandran, Liz McMillan

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
"There's a growing demand from users for things to be faster. When you think about all the transactions or interactions users will have with your product and everything that is between those transactions and interactions - what drives us at Catchpoint Systems is the idea to measure that and to analyze it," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York Ci...
The 20th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held June 6-8, 2017, at the Javits Center in New York City, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal ...
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, 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.
In the next five to ten years, millions, if not billions of things will become smarter. This smartness goes beyond connected things in our homes like the fridge, thermostat and fancy lighting, and into heavily regulated industries including aerospace, pharmaceutical/medical devices and energy. “Smartness” will embed itself within individual products that are part of our daily lives. We will engage with smart products - learning from them, informing them, and communicating with them. Smart produc...
Internet of @ThingsExpo, taking place June 6-8, 2017 at the Javits Center in New York City, New York, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @ThingsExpo New York Call for Papers is now open.
SYS-CON Events announced today that Catchpoint, a leading digital experience intelligence company, has been named “Silver Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Catchpoint Systems is a leading Digital Performance Analytics company that provides unparalleled insight into your customer-critical services to help you consistently deliver an amazing customer experience. Designed for digital business, C...
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be. We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smart...
WebRTC sits at the intersection between VoIP and the Web. As such, it poses some interesting challenges for those developing services on top of it, but also for those who need to test and monitor these services. In his session at WebRTC Summit, Tsahi Levent-Levi, co-founder of testRTC, reviewed the various challenges posed by WebRTC when it comes to testing and monitoring and on ways to overcome them.
The emerging Internet of Everything creates tremendous new opportunities for customer engagement and business model innovation. However, enterprises must overcome a number of critical challenges to bring these new solutions to market. In his session at @ThingsExpo, Michael Martin, CTO/CIO at nfrastructure, outlined these key challenges and recommended approaches for overcoming them to achieve speed and agility in the design, development and implementation of Internet of Everything solutions with...
Every successful software product evolves from an idea to an enterprise system. Notably, the same way is passed by the product owner's company. In his session at 20th Cloud Expo, Oleg Lola, CEO of MobiDev, will provide a generalized overview of the evolution of a software product, the product owner, the needs that arise at various stages of this process, and the value brought by a software development partner to the product owner as a response to these needs.
In 2014, Amazon announced a new form of compute called Lambda. We didn't know it at the time, but this represented a fundamental shift in what we expect from cloud computing. Now, all of the major cloud computing vendors want to take part in this disruptive technology. In his session at 20th Cloud Expo, John Jelinek IV, a web developer at Linux Academy, will discuss why major players like AWS, Microsoft Azure, IBM Bluemix, and Google Cloud Platform are all trying to sidestep VMs and containers...
SYS-CON Events announced today that MobiDev, a client-oriented software development company, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software company that develops and delivers turn-key mobile apps, websites, web services, and complex softw...
Smart Cities are here to stay, but for their promise to be delivered, the data they produce must not be put in new siloes. In his session at @ThingsExpo, Mathias Herberts, Co-founder and CTO of Cityzen Data, discussed the best practices that will ensure a successful smart city journey.
Technology vendors and analysts are eager to paint a rosy picture of how wonderful IoT is and why your deployment will be great with the use of their products and services. While it is easy to showcase successful IoT solutions, identifying IoT systems that missed the mark or failed can often provide more in the way of key lessons learned. In his session at @ThingsExpo, Peter Vanderminden, Principal Industry Analyst for IoT & Digital Supply Chain to Flatiron Strategies, will focus on how IoT depl...
Big Data, cloud, analytics, contextual information, wearable tech, sensors, mobility, and WebRTC: together, these advances have created a perfect storm of technologies that are disrupting and transforming classic communications models and ecosystems. In his session at @ThingsExpo, Erik Perotti, Senior Manager of New Ventures on Plantronics’ Innovation team, provided an overview of this technological shift, including associated business and consumer communications impacts, and opportunities it m...
Manufacturers are embracing the Industrial Internet the same way consumers are leveraging Fitbits – to improve overall health and wellness. Both can provide consistent measurement, visibility, and suggest performance improvements customized to help reach goals. Fitbit users can view real-time data and make adjustments to increase their activity. In his session at @ThingsExpo, Mark Bernardo Professional Services Leader, Americas, at GE Digital, discussed how leveraging the Industrial Internet and...
"Tintri was started in 2008 with the express purpose of building a storage appliance that is ideal for virtualized environments. We support a lot of different hypervisor platforms from VMware to OpenStack to Hyper-V," explained Dan Florea, Director of Product Management at Tintri, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
There will be new vendors providing applications, middleware, and connected devices to support the thriving IoT ecosystem. This essentially means that electronic device manufacturers will also be in the software business. Many will be new to building embedded software or robust software. This creates an increased importance on software quality, particularly within the Industrial Internet of Things where business-critical applications are becoming dependent on products controlled by software. Qua...
Fact is, enterprises have significant legacy voice infrastructure that’s costly to replace with pure IP solutions. How can we bring this analog infrastructure into our shiny new cloud applications? There are proven methods to bind both legacy voice applications and traditional PSTN audio into cloud-based applications and services at a carrier scale. Some of the most successful implementations leverage WebRTC, WebSockets, SIP and other open source technologies. In his session at @ThingsExpo, Da...
A critical component of any IoT project is what to do with all the data being generated. This data needs to be captured, processed, structured, and stored in a way to facilitate different kinds of queries. Traditional data warehouse and analytical systems are mature technologies that can be used to handle certain kinds of queries, but they are not always well suited to many problems, particularly when there is a need for real-time insights.