Object Storage Company Cloudian Doubles Revenue

Cloudian’s revenue for the first three quarters of fiscal 2019 (Feb. 1-Oct. 31, 2018) doubled over the same period last year. Key drivers of this growth announced by the object storage specialist included a 50 percent increase in new customers and strong momentum in repeat-purchases by existing customers.

Cloudian stated that its notable customer wins include sales to one of the world’s largest media companies, a top U.S. university, a major consumer electronics retailer and government health agencies in both the U.S. and Europe.

Michael Tso
Michael Tso

“This is an exciting time for Cloudian as customers increasingly turn to us to ensure they have the data storage foundation needed to get the full value of their digital assets,” said Mike Tso, CEO of Cloudian. “We offer a unique combination of limitless scalability, geo-distribution, integrated file support and the industry’s best S3 compatibility, providing the flexibility to manage and protect data on-premises and as part of a hybrid or multi-cloud strategy. As a result, we’re not only winning bigger deals – with a majority involving multi-petabytes and including both object and file data – but also being entrusted by existing customers to manage rapidly growing data volumes that exceed 100 PB.”

According to Cloudian, one of the keys to their continuing momentum has been the strength of its flagship product, HyperStore, an S3-compatible object storage platform with integrated cloud connectivity that allows users to merge on-premises and cloud computing to create a single storage pool. The resulting hybrid cloud and multi-cloud environments would let customers optimize cost, performance and data location for various data types to achieve the highest possible ROI while delivering more consistently managed security and compliance.

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