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WHIPTAIL Increases Revenue 300 Percent Year Over Year As Flash Continues to Disrupt Legacy Storage Vendors
By: Business Wire
Jan. 22, 2013 09:07 AM
WHIPTAIL, the data storage-industry innovator powering faster and more energy-efficient computing for today’s global businesses via flash storage, today announced significant corporate growth in 2012. WHIPTAIL’s 300 percent revenue growth is attributed to adding 130 new customers in 2012 and its strong presence in the government, healthcare, and education as well as the company’s continued expansion into new markets such as chemical manufacturing, medical research and news publishing.
“We believe that 2012 was the year that WHIPTAIL and Flash hit the tipping point,” said WHIPTAIL CEO Dan Crain. “The $31 million series C round highlighted by being SanDisk Ventures’ first strategic investment shows that confidence in our vision is strong. Combine that with our rapidly growing customer base and revenue and it’s obvious that Flash is not just the future of enterprise storage, it’s the now.”
Additional 2012 company highlights include:
“Predictions for the demise of traditional rotational storage arrays and hard disk drives (HDD) are becoming more frequent as flash vendors continue to improve quality, capacity, and longevity,” said Gary MacFadden, founder of Parity Research. “Buyers looking to exploit solid state disk and accelerate application efficiency and dramatically improve user experience without breaking the bank should consider vendors such as WHIPTAIL. They have a proven solution to meet the needs of price-conscious customers who also desire a major performance boost.”
WHIPTAIL is a data storage-industry innovator powering faster and more energy-efficient computing for today’s global businesses via flash storage. The company’s technology dramatically accelerates application performance and lowers costs for enterprises harnessing cloud computing, virtualization and big data. Based in Whippany, N.J., WHIPTAIL is run by Wall Street IT veterans and backed by investors including Ignition Partners, RRE Ventures, Spring Mountain Capital and SanDisk. Move your data at the speed of life at www.whiptail.com.
WHIPTAIL, the WHIPTAIL logo, ACCELA and INVICTA are trademarks of WHIPTAIL. All other trademarks are the property of their respective owners.
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