ExaGrid, a leader a bit confidential

Reference in secondary storage dedicated to backup, ExaGrid participated to The IT Press Tour I organized this week in Boston, MA. We met Bill Andrews, CEO, yesterday and it was the right opportunity for a company and product update.

The company continues its independent journey with a pretty unique product approach and business model. The team has reached a new level with its 15th consecutive quarters, almost 4 years, of free cash flow, Ebitda and P&L positive operations. These results demonstrate the right business strategy with a few key numbers:

• +150 new customers for a total of 4,400+ and 48 of these new ones passing the 6 and 7-figure deals,
• New major product release with ExaGrid 7.0.0,
• Support of Commvault Metallic in addition to the top 3 Veeam, Veritas NetBackup and Commvault classic product,
• 95% net customer retention,
• NPS score of +81.

We also anticipate that the product will support additional dedicated API and access methods for Rubrik and potentially Cohesity and for sure it will invite the company in a new dimension like Veeam did.

With such confirmed progress and impressive trajectory, I even think that the company has a good chance to join the bi-annual Coldago Research Storage Unicorn Club soon.