Pure Storage, a solid-state array vendor, has announced achievements for 2014, a year in which the company strengthened its leadership in the enterprise storage market.
Posting revenue growth of more than 300 percent for the fiscal year ended January 2015, Pure Storage also revealed additional funding and new investors, as well as geographical expansion.
“Pure Storage is reshaping enterprise data storage,” says Scott Dietzen, CEO, Pure Storage.
“Our success this past year is the result of the business transformation we provide customers making them faster, more efficient and more effective, while simultaneously cutting costs.
“Today, Pure is in a unique position to cost effectively deliver the performance of flash memory while supporting modern, cloud-oriented data centres and shedding decades of accumulated complexity of antiquated mechanical storage.”
In 2014, the market research firm Gartner positioned Pure Storage in the Leaders Quadrant of the inaugural Magic Quadrant for Solid-State Arrays.
“A vendor in the Leaders Quadrant has the market share, credibility, and marketing and sales capabilities needed to drive the acceptance of new technologies,” according to Gartner.
“These vendors demonstrate a clear understanding of market needs; they are innovators and thought leaders; and they have well-articulated plans that customers and prospects can use when designing their storage infrastructures and strategies.”
As a result, Dietzen believes Pure Storage is at the “forefront of the market’s widespread adoption of all-flash storage technology” with the company’s “innovative approach” disrupting old-school competitors.
Applying the same flash-based technology used in smartphones and tablets to enterprise storage, applications for Pure’s arrays are widespread: small, medium and large multinational businesses; governments, hospitals, schools and nonprofits.
Additional accomplishments in 2014 include growing the customer base over 200 percent year-over-year, closing a $225 million Series F funding round, bringing the total investment to $470 million.
Dietzen also expanded the company’s IP portfolio to over 300 patents and patent applications, including over 150 patents and applications purchased from IBM and others.
In more than doubling the company’s global headcount to 850, Dietzen built out the company’s management team, including new hires from Google, NetApp, EMC and Polycom.
The company, which expanded into Australia and New Zealand in October 2013, through the opening of Sydney and Melbourne offices, has recently established operations in Latin America, starting with Brazil and Mexico.