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Cohesity Increases Revenue 600 Percent in 2017, Validating Global Enterprises' Need for Hyperconverged Secondary Storage
[January 09, 2018]

Cohesity Increases Revenue 600 Percent in 2017, Validating Global Enterprises' Need for Hyperconverged Secondary Storage


SAN JOSE, Calif., Jan. 09, 2018 (GLOBE NEWSWIRE) -- Cohesity, the leader in hyperconverged secondary storage, today announced accelerating global enterprise and federal agency adoption, leading to a 600 percent increase in 2017 sales revenue. Over the past eight months, Cohesity’s new customer count doubled and includes a dozen Fortune 500 companies. In addition, more than half of all customers deployed Cohesity cloud services. International business continues to be a major strength for the company, generating over 30 percent of bookings last year, validating the strong global demand for Cohesity solutions.

Cohesity Momentum
From left to right: City of San Jose Councilmember, Raul Peralez (District 3); CEO and Founder of Cohesity Mohit Aron; City of San José Mayor, Sam Liccardo, at Cohesity's ribbon cutting ceremony of its new office in downtown San Jose.


Growing revenue and customer demand are fueling dramatic company expansion, including a doubling of employees, a move to the company’s new San Jose headquarters, and the opening of a new office in Research Triangle Park (RTP). The company and its products garnered multiple accolades in 2017 and attracted significant new executive leadership, alliances and channel partnerships.

2017 Accomplishments

Accelerating Customer Growth

Global Company Expansion

  • Cohesity’s growth has been fueled by a $90 million Series C funding round co-led by investors Google Ventures and Sequoia Capital with participation from strategic investors Cisco Investments and HPE, along with venture investors Accel, ARTIS Ventures, Battery Ventures, DHVC, Foundation Capital, Qualcomm Ventures, Trinity Ventures, and Wing Venture Capital.

  • Cohesity christened its new San Jose headquarters on December 11, 2017, with a ribbon-cutting ceremony that included San Jose Mayor Sam Liccardo and City Councilmember Raul Peralez (District 3). The company tripled the size of its former office to accommodate the doubling of its headcount to more than 300 employees in the past year with room for significant growth in 2018 and beyond.

  • Strong international customer demand drove global expansion to serve the DACH region in Europe, with a new Cohesity DACH team in Germany, headed by Klaus Seidl, and the APAC region, with a new APAC headquarters in Australia.

Strengthening Executive Benc



Product Innovation


Analyst Accolades

Industry Recognition

Strategic Partnerships

Comments
The company’s 2017 achievements have been spearheaded by storage innovator and Cohesity Founder Mohit Aron, who has established himself as the “father of hyperconvergence.” He has more than 15 years of experience in building scalable, high-performance distributed systems — first at Google, where he was a lead developer on the Google File System and then as a co-founder of Nutanix.

“Cohesity is leading a massive transformation of the data center, converging silos of storage across the data center and multi-cloud environments, helping IT become more efficient, reduce costs, and do more with their data for their organizations,” said Mohit Aron, chief executive officer and founder, Cohesity. “The results of the last year have far exceeded our expectations, showing that hyperconverged secondary storage has transitioned from a groundbreaking new technology in 2016 to a critical, enterprise business solution in 2017.”

1 Gartner, “Cool Vendors in Storage Technologies, 2017” by Dave Russell, Arun Chandrasekaran, Julia Palmer, Raj Bala, Alan Dayley, Pushan Rinnen, and Garth Landers, May 12, 2017.

Disclaimer
Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Cohesity
Cohesity makes your data work for you by consolidating secondary storage silos onto a hyperconverged, web-scale data platform that spans both private and public clouds. Enterprise customers begin by radically streamlining their backup and data protection, then converge file and object services, test/dev instances, and analytic functions to provide a global data store. Cohesity counts many Global 1000 companies and federal agencies among its rapidly growing customer base and was named to Forbes’ “Next Billion-Dollar Startups 2017,” LinkedIn’s “Startups: The 50 Industry Disruptors You Need to Know Now,” and CRN’s “2017 Emerging Vendors in Storage” lists. For more information, visit our website www.cohesity.com and blog https://cohesity.com/blog/, follow us on Twitter https://twitter.com/cohesity and LinkedIn https://www.linkedin.com/company/3750699/ and like us on Facebook https://www.facebook.com/cohesity/.

Media Contacts
Jenni Adair
Head of Corporate Communications
jenni@cohesity.com
650-400-1871

BOCA Communications for Cohesity
cohesity@bocacommunications.com

A photo accompanying this announcement is available at //www.globenewswire.com/NewsRoom/AttachmentNg/56b92d07-6ac6-40ca-b298-d890fcd3743d

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