Cloud-based Backup and Recovery Provider Achieves Key Milestones in 2012 as it Positions to Capitalize on $100 Billion Public IT Cloud Services Market.
Zetta.net today announced strong growth in 2012 as demand for its enterprise-grade online server backup and disaster recovery solution escalates. Its revenue and customer base grew over 100% in 2012, easily beating a compound annual growth rate (CAGR) forecast for IT Cloud Services of 26.4% , which is already five times that of the IT industry overall.
Some of the factors driving growth in cloud-based and hybrid backup and recovery in particular, and demand for Zetta.net's solution, include: • Rapidly increasing volumes of data that need protection • Multiplying number of smaller files making traditional software backups slow and ineffective • The decentralization of IT particularly among organizations with distributed offices, making appliance-based backup solutions expensive, difficult to deploy and extremely complex to manage
In addition, traditional software and appliance vendors struggle to deliver high performance enterprise-grade online backup since a cloud-centric architecture is required to achieve high performance and robust security - something that would call for a complete rewrite for most vendors.
These factors are challenging traditional backup vendors who struggle with poor performance, missed backup windows and difficult to manage legacy solutions. Unlike vendors such as Symantec [NASDAQ: SYMC], Zetta.net combines backup, snapshot and replication in a single solution to significantly expedite the backup process, shrinking total backup from a matter of hours to minutes.
Zetta.net integrates backup, snapshot and replication functionality, completely eradicating the need for a local appliance. Delivering an enterprise-grade 3-in-1 backup, disaster recovery and archiving enables fast, reliable backup and recovery at a fraction of the cost of backup alone. Because the SaaS-based solution eliminates the cost and management complexities associated with appliance hardware, it is particularly attractive to small/medium businesses, enterprises with distributed office locations, and managed service providers (MSPs). Remote offices and MSPs are no longer required to purchase and manage multiple appliances across distributed locations, and any size business can now enjoy enterprise-grade data protection at an affordable price.
Key Zetta.net milestones demonstrating success over the last year include: • 2012 revenue of more than 133 percent over 2011 • More than doubling of the company’s customer base • 2012 MSP and partner growth increasing 400 percent over 2011
"Zetta.net's solution was designed for the cloud from day one, by a stellar engineering team from industry leaders such as Netscape, VeriSign, Symantec and Shutterfly. This offers tremendous advantages as the adoption of cloud technologies continues to rise," said Ali Jenab, CEO, Zetta.net. "As a result, we are seeing a large number of customers migrating from Symantec BackupExec and appliance-based backups to our cloud-centric enterprise-grade online backup and disaster recovery solution. With many organizations disillusioned by traditional tape-based backup, Zetta.net is very well positioned to capitalize on the movement toward next-generation cloud-enabled solutions.”
