Welcome!

Big Data Journal Authors: Lori MacVittie, Esmeralda Swartz, Paul Speciale, Marten Terpstra, Roger Strukhoff

News Feed Item

Fueled by Growing Market Shift to Software-Defined Storage, Nexenta Announces Phenomenal Growth, $24 Million in Series D Funding, and Additions to Leadership Team

Nexenta® Systems, the world leader in Software-defined Storage, today announced that it closed out 2012 with business growth that exceeded the company plan in terms of revenue, partner growth, partner sales, and customer adoption. Faced with this growth and opportunity, the company has secured $24 million in Series D financing. Nexenta also announced the appointment of Mark Lockareff as chief executive officer, with former CEO Evan Powell assuming the new role of chief strategy officer. With 25 years’ experience growing, leading, and investing in disruptive technology companies, Mark Lockareff will drive Nexenta’s next stage of growth as Software-defined Storage rapidly changes the dynamics of the IT technology market.

Nexenta’s over-subscribed Series D financing is being led by new investor Four Rivers Group, with participation by existing Nexenta investors Menlo Ventures, TransLink Capital, Javelin Ventures, Sierra Ventures, Razor’s Edge Ventures, and West Summit Capital. In addition to Four Rivers, new strategic investors Presidio Ventures and UMC Capital participated.

This round of investment is testament to the momentum and growth that the company has experienced in the last 12 months and to the company’s leadership of the transformation of the storage industry. Key highlights include:

  • The number of Nexenta-powered storage deployments of one petabyte or greater grew by a factor of 10.
  • Revenue growth doubled year-over-year; the company has experienced triple digit growth for three consecutive years.
  • Adoption of NexentaStor exceeded the 5,000 customer deployment milestone, while follow-on sales to existing customers expanded by 475 percent.
  • Total storage under management now exceeds 660PB and Nexenta has enabled an estimated $400 million in hardware storage sales for its reseller partners.
  • The company’s global reach continues to expand with active partners growing by 75 percent since January 2012. Nexenta has established official subsidiaries and teams in the Netherlands, the United Kingdom, China, South Korea, and Japan.
  • Nexenta expanded its product portfolio with the launch of NexentaVSA for View for managing and deploying virtualized environments.

New CEO Lockareff has led or invested in a number of enterprise infrastructure, software and internet companies during their key growth stages including: ParAccel, Agiliance, Softricity, Model N, Riverbed, Acopia, ProofPoint, and Facebook.

In addition to Lockareff’s appointment, Bridget Warwick is joining Nexenta as chief marketing officer. Warwick previously held senior marketing positions at BlueArc Corporation (acquired by Hitachi Data Systems) and NetApp. These strategic additions to the executive team follow the October 2012 appointment of Rick Martig as chief financial officer, and reflect Nexenta’s transition from a disruptive and explosive start-up to the trusted and innovative storage partner for thousands of companies all over the world.

“Nexenta provides the ideal storage to support Hosting.com’s cloud hosting services and our customers’ mission-critical applications. No other technology can match Nexenta’s price-to-performance, which has helped us offer competitive and differentiated services to companies all over the world. We look forward to a long and mutually beneficial relationship between our two companies,” said Hosting.com CTO Matt Ferrari.

“Our task at Nexenta is simple: we must build a company that is up to meeting the enormous opportunity of leading the transformation of the storage industry. The transition to Software-defined Storage is accelerating because customers must have greater flexibility, performance, and savings in their storage if they are to compete. I’m confident that Mark and Bridget will help us do an even better job for our customers, resellers, and strategic partners,” said Powell.

About Nexenta Systems:

Nexenta Systems is the world leader in Software-defined Storage. Its flagship software platform, NexentaStor, delivers high-performance, ultra-scalable, cloud- and virtualization-optimized storage solutions. Built upon ZFS technology and running on a broad choice of industry-standard hardware, NexentaStor eliminates vendor lock-in and provides open, unified storage management at significantly less cost than legacy systems.

More information about Nexenta Systems, and free trials of the ZFS-based NexentaStor, can be found at www.nexenta.com or by calling (855) 639 3682. Partners selling NexentaStor-based hardware/software appliances can be found at: http://www.nexenta.com/corp/store/resellers-search.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@BigDataExpo Stories
How do you know when a technology has become mainstream? A good clue may be when politicians start talking about it on the campaign trail and with mainstream media. David Cameron, the UK prime minister, was the latest, indicating that the world was now on “fast-forward” with the Internet of Things (IoT) ushering in the new industrial revolution. No mention of IoT targeted at the masses would be complete without the clichéd example of the communicating fridge. While it is easy to get caught up in...
General Electric (GE) has been a household name for more than a century, thanks in large part to its role in making households easier to run. Starting with the light bulb invented by its founder, Thomas Edison, GE has been selling devices (“things”) to consumers throughout its 122-year history. Last week, GE announced that it is officially leaving that job to others. While the lighting division will stay, GE will now turn its attention to selling industrial machinery and analytics as a service t...
Machine-to-machine (M2M) technology and the resulting Internet of Things are leading us inexorably toward everything-as-a-service (XaaS). As more things get connected, the range of service opportunities expands. And as those services are presented online, they become available for use, re-use and re-purposing. At first thought, the idea of more connected devices suggests simply that there will be more devices around, and as such, more products for manufacturers to make and sell. That’s true, bu...
Samsung VP Jacopo Lenzi, who headed the company's recent SmartThings acquisition under the auspices of Samsung's Open Innovaction Center (OIC), answered a few questions we had about the deal. This interview was in conjunction with our interview with SmartThings CEO Alex Hawkinson. IoT Journal: SmartThings was developed in an open, standards-agnostic platform, and will now be part of Samsung's Open Innovation Center. Can you elaborate on your commitment to keep the platform open? Jacopo Lenzi: S...
Samsung promises to be one of the 800-pound gorillas of the IoT, if its success in recent years with Android devices and other consumer electronics is any guide. Showing its willingness to be a big IoT player, the company recently acquired SmartThings, a recent startup that's developed an open smarthome appliation that currently supports 1,000 devices and 8,000 apps. SmartThings will now work under the auspices of Samsung's Open Innovation Center (OIC). SmartThings Founder and CEO Alex Hawkinson...
Almost everyone sees the potential of Internet of Things but how can businesses truly unlock that potential. The key will be in the ability to discover business insight in the midst of an ocean of Big Data generated from billions of embedded devices via Systems of Discover. Businesses will also need to ensure that they can sustain that insight by leveraging the cloud for global reach, scale and elasticity.
SAP is delivering break-through innovation combined with fantastic user experience powered by the market-leading in-memory technology, SAP HANA. In his General Session at 15th Cloud Expo, Thorsten Leiduck, VP ISVs & Digital Commerce, SAP, will discuss how SAP and partners provide cloud and hybrid cloud solutions as well as real-time Big Data offerings that help companies of all sizes and industries run better. SAP launched an application challenge to award the most innovative SAP HANA and SAP ...
In her General Session at 15th Cloud Expo, Anne Plese, Senior Consultant, Cloud Product Marketing, at Verizon Enterprise, will focus on finding the right mix of renting vs. buying Oracle capacity to scale to meet business demands, and offer validated Oracle database TCO models for Oracle development and testing environments. Anne Plese is a marketing and technology enthusiast/realist with over 19+ years in high tech. At Verizon Enterprise, she focuses on driving growth for the Verizon Cloud pla...
The Internet of Things (IoT) is going to require a new way of thinking and of developing software for speed, security and innovation. This requires IT leaders to balance business as usual while anticipating for the next market and technology trends. Cloud provides the right IT asset portfolio to help today’s IT leaders manage the old and prepare for the new. Today the cloud conversation is evolving from private and public to hybrid. This session will provide use cases and insights to reinforce t...
As Platform as a Service (PaaS) matures as a category, developers should have the ability to use the programming language of their choice to build applications and have access to a wide array of services. Bluemix is IBM's open cloud development platform that enables users to easily build cloud-based, creative mobile and web applications without having to spend large amounts of time and resources on configuring infrastructure and multiple software licenses. In this track, you will learn about the...
SYS-CON Events announced today that Verizon has been named "Gold Sponsor" of SYS-CON's 15th International Cloud Expo®, which will take place on November 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Verizon Enterprise Solutions creates global connections that generate growth, drive business innovation and move society forward. With industry-specific solutions and a full range of global wholesale offerings provided over the company's secure mobility, cloud, strategic network...
SimpleECM is the only platform to offer a powerful combination of enterprise content management (ECM) services, capture solutions, and third-party business services providing simplified integrations and workflow development for solution providers. SimpleECM is opening the market to businesses of all sizes by reinventing the delivery of ECM services. Our APIs make the development of ECM services simple with the use of familiar technologies for a frictionless integration directly into web applicat...
The only place to be June 9-11 is Cloud Expo & @ThingsExpo 2015 East at the Javits Center in New York City. Join us there as delegates from all over the world come to listen to and engage with speakers & sponsors from the leading Cloud Computing, IoT & Big Data companies. Cloud Expo & @ThingsExpo are the leading events covering the booming market of Cloud Computing, IoT & Big Data for the enterprise. Speakers from all over the world will be hand-picked for their ability to explore the economic...
Cloudwick, the leading big data DevOps service and solution provider to the Fortune 1000, announced Big Loop, its multi-vendor operations platform. Cloudwick Big Loop creates greater collaboration between Fortune 1000 IT staff, developers and their database management systems as well as big data vendors. This allows customers to comprehensively manage and oversee their entire infrastructure, which leads to more successful production cluster operations, and scale-out. Cloudwick Big Loop supports ...
Software AG helps organizations transform into Digital Enterprises, so they can differentiate from competitors and better engage customers, partners and employees. Using the Software AG Suite, companies can close the gap between business and IT to create digital systems of differentiation that drive front-line agility. We offer four on-ramps to the Digital Enterprise: alignment through collaborative process analysis; transformation through portfolio management; agility through process automation...
Headquartered in Santa Monica, California, Bitium was founded by Kriz and Erik Gustavson. The 1,500 cloud-based application using Bitium’s analytics, app management, and single sign-on services include bug trackers, customer service dashboards, Google Apps, and social networks. The firm states website administrators can do multiple tasks online without revealing passwords. Bitium’s advisors include Microsoft’s former CMO and the former senior vice president of strategy, the founder and CEO of Li...
Things are being built upon cloud foundations to transform organizations. This CEO Power Panel at 15th Cloud Expo, moderated by Roger Strukhoff, Cloud Expo and @ThingsExpo conference chair, will address the big issues involving these technologies and, more important, the results they will achieve. How important are public, private, and hybrid cloud to the enterprise? How does one define Big Data? And how is the IoT tying all this together?
The 3rd International Internet of @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that its Call for Papers is now open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
The Industrial Internet revolution is now underway, enabled by connected machines and billions of devices that communicate and collaborate. The massive amounts of Big Data requiring real-time analysis is flooding legacy IT systems and giving way to cloud environments that can handle the unpredictable workloads. Yet many barriers remain until we can fully realize the opportunities and benefits from the convergence of machines and devices with Big Data and the cloud, including interoperability, da...
All major researchers estimate there will be tens of billions devices - computers, smartphones, tablets, and sensors - connected to the Internet by 2020. This number will continue to grow at a rapid pace for the next several decades. Over the summer Gartner released its much anticipated annual Hype Cycle report and the big news is that Internet of Things has now replaced Big Data as the most hyped technology. Indeed, we're hearing more and more about this fascinating new technological paradigm. ...