This content is a press release from our partner Business Wire. The AP newsroom and editorial departments were not involved in its creation.
PRESS RELEASE from provider: Business Wire
This content is a press release from our partner Business Wire. The AP newsroom and editorial departments were not involved in its creation.

Elastifile Demonstrates 5X Q/Q Revenue Growth Validating Leadership in Growing Cloud Infrastructure Marketplace

March 12, 2019

SANTA CLARA, Calif.--(BUSINESS WIRE)--Mar 12, 2019--Elastifile, a pioneer of enterprise-grade, scalable file storage for the public cloud, today announced that it has met and exceeded key milestones implemented to measure success in the cloud infrastructure marketplace, illustrating the increasing demand for scalable, enterprise file storage as an enabler for ubiquitous cloud adoption.

Buoyed by the launch of a fully managed, scalable file storage service on Google Cloud, Elastifile’s enterprise file storage solutions have seen strong customer adoption since their debut on the GCP Marketplace in April 2018. Elastifile provides Google Cloud users with highly-available, scalable storage for Kubernetes and supporting a wide variety of enterprise applications including SAP, Wordpress, and industry-specific workloads such as media rendering, electronic simulation, financial modeling, and many more. Elastifile’s automated deployment and flexible, pay-as-you-go pricing deliver simplicity and flexibility aligned with the needs of the modern enterprise.

The growing market demand for appropriate cloud-native solutions was also demonstrated by Elastifile’s 5X quarter-over-quarter revenue growth from Q3 to Q4 of its 2018 fiscal year. In this timeframe, Elastifile saw significant increase in adoption across a wide variety of enterprise use cases and across diverse industries including Financial Services, Life Sciences, Media & Entertainment, Manufacturing, and more.

“Our consistently improving metrics demonstrate that Google Cloud users are seeing excellent value in Elastifile’s marketplace offerings,” said Erwan Menard, CEO of Elastifile. “This success on the GCP Marketplace, coupled with the increasingly diverse set of use cases we address, makes us confident that our place in this growing market is one of strength and leadership. It is from this position that we will continue to offer cutting-edge, customer-centric solutions to solve the ever-evolving cloud data challenges.”

To ease enterprise cloud adoption, Elastifile was designed to deliver the feature set, flexibility, and cost-efficiency to support customers at every stage of their cloud journey. Whether starting off with simple cloud backup/archival, bursting to cloud for additional compute, or executing a wholesale “lift and shift” to cloud, Elastifile’s service allows customers to reap the benefits of cloud integration, at their own pace. In addition, by delivering file storage via standard protocols (e.g. NFS), with no need for OS kernel modifications or client-side software installs, Elastifile provides native compatibility with existing applications and workflows, eliminating the need for costly refactoring projects.

Elastifile is generally available on Google Cloud Platform (GCP), Amazon Web Services (AWS), and bare metal on-premises environments, with Microsoft Azure availability coming soon.

To try Elastifile as a fully-managed storage service on Google Cloud, sign up for early access at: https://www.elastifile.com/early-access-gcp or, to learn more about Elastifile’s products and technology, visit https://www.elastifile.com.

Follow Elastifile

About Elastifile
Elastifile helps organizations adapt and accelerate their business in the cloud era. Powered by a dynamically scalable, enterprise-grade distributed file system with intelligent object tiering, Elastifile augments existing public cloud services and facilitates frictionless cloud adoption. With Elastifile, organizations can deploy and manage cloud-native file storage themselves and/or benefit from the advantages of fully-managed file storage services, eliminating the need for manual storage management and CapEx-intensive IT forecasting. Elastifile’s unique combination of features and flexibility empowers organizations to seamlessly integrate cloud resources, with no application refactoring required...thereby modernizing their infrastructure and achieving their crucial IT agility and efficiency goals.

Elastifile is based in Santa Clara, California and Herzliya, Israel, with global Sales and Marketing offices in North America and Europe, and R&D in Israel. Founded in 2013, Elastifile is backed by Battery Ventures, Lightspeed Venture Partners, CE Ventures, and seven strategic investors from the cloud, data center, and storage industries, including Dell EMC, Cisco, and Western Digital.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190312005336/en/

CONTACT: For more information, press only:

JPR Communications

Dan Miller, 818-798-1473




SOURCE: Elastifile

Copyright Business Wire 2019.

PUB: 03/12/2019 08:00 AM/DISC: 03/12/2019 08:01 AM