Sonian, the pioneer in cloud-powered archiving and search services, has revealed that strategic investors OpenView Venture Partners along with Summerhill Venture Partners and Prism VentureWorks will be pumping an extra $13.6 million in Series C funding into the company, putting the total investment up to date to nearly $27 million. The new funding will help scale sales and marketing and accelerate cloud archiving products innovation. As a show of good faith, the Founder and Senior Managing Director at OpenView, Scott Maxwell, will join Sonian’s Board of Directors.
Sonian has seen its customer base double and experienced record growth in the last four consecutive quarters in the last two years. As companies move to cloud-based services to overcome storage and operational challenges in today’s digital world, Sonian information archiving innovative approach has come to the rescue.
According to Gartner (News
- Alert), email volumes in the last decade alone grew by 500 percent and the email archiving market is expected to be worth $2.2 billion by 2014, which is a 20 percent annual growth rate. Cloud-based solutions like Sonian will account for 50 percent of the total market revenue. Sonian already offers cloud storage management for over 9,000 customer organizations with its single reference architecture that operates across multiple public clouds. Sonian offers its customers regulatory compliance and eDiscovery solutions in addition to storage management.
According to CEO of Sonian Jeff Dickerson, “Sonian has enjoyed a very successful year, as validated by our customers, partners and industry analysts. Our customers are ingesting over 14 million documents a day; we have added over 35 new partners such as IBM, ISI (News - Alert) and Tech Data; Gartner has strategically placed us in the Magic Quadrant; and we now run on multiple public clouds such as Amazon, IBM and RackSpace.”
With many companies looking to manage their mailboxes on the cloud, the new funding positions Sonian to effectively offer scalable e-mailing archiving and Big Data solutions that maximize cloud benefits.
Edited by Jamie Epstein