Skyera Grows Revenue by 749 Percent

Strong product penetration into federal and enterprise markets fuels company's success

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May 08, 2014, 08:30 ET

SAN JOSE, Calif., May 8, 2014 /PRNewswire/ -- Skyera Inc., founded by an executive and engineering team with unsurpassed backgrounds in the solid-state, storage and networking arenas, today announced that it grew year-over-year product and service revenue by 749 percent in 2013 despite limiting availability of its flagship solutions to large customers in order to ensure enterprise quality and reliability.

Skyera has seen strong customer demand for its groundbreaking product line, skyHawk™, the first solid-state storage system to bring true price parity with enterprise spinning disk storage. The company's products have been implemented at customer sites in the government and enterprise market spaces bringing fast and affordable storage to broad range of demanding workloads and use scenarios.

"The tremendous increase in revenue we've produced on a year-to-year basis with very limited market availability shows that we are amidst a massive paradigm shift in the storage market amongst customers looking to leverage the benefits of solid-state storage for their enterprise applications," said Radoslav Danilak, CEO of Skyera. "We anticipate that the upcoming year will be even bigger for us in terms of revenue potential as we begin to ship our products in volume and expand to markets beyond North America."

Skyera has changed the enterprise storage dynamic significantly with its groundbreaking new storage platform that combines affordability and performance in the only viable all-flash array to break the price barrier for mainstream enterprise storage. Leveraging a system-wide design approach and the most advanced NAND flash available, skyHawk delivers unprecedented density and efficiency to mitigate the expense of explosive data growth. Skyera uses minimum overprovisioned NAND flash capacity combined with hardware-based data reduction and flash-optimized RAID-SE to deliver the best performance and life expectancy at the most cost-effective capacity per dollar.

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About Skyera

Skyera Inc. is a disruptive provider of enterprise solid-state storage systems designed to enable a large class of applications with extraordinarily high performance, exceptionally lower power consumption and cost effectiveness relative to existing enterprise storage systems. Founded by the executives who previously developed the world's most-advanced flash memory controller, Skyera is backed by key technology and financial partnerships designed to position it at the forefront of the hyper growth in the solid-state storage sector. The company was chosen by Flash Memory Summit as a Best of Show award winner for 2012 in the category of Most Innovative Flash Memory Enterprise Business Application. For more information about the company, visit skyera.com.

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SOURCE Skyera Inc.