Unitrends' Record Growth Continues for 23rd Consecutive Quarter
Strong financial performance in Q3 underscored by 70 percent bookings growth and nearly 675 customer additions
BURLINGTON, Mass., Oct. 20, 2014 /PRNewswire/ -- Unitrends today announced that Q3 2014 marked the company's 23rd consecutive quarter of record growth. The company's strong financial performance was driven by industry-first technology deployments, unrivaled customer support and continued momentum in the channel.
Click to Tweet: We did it again! Q3 marks the 23rd consecutive quarter of record growth for #dataprotection leader @Unitrends! http://bit.ly/1F63TYI
Key highlights from the third quarter of 2014 include:
- 70 percent increase in worldwide bookings, Q3 2014 over Q3 2013
- 672 new customers added, bringing the total to nearly 13,000 customers worldwide
- 30 new employees hired across the globe
- 42 percent managed services provider (MSP) recurring revenue growth, Q3 2014 over Q2 2014
- 100 percent growth in channel-generated business in North America, Q3 2014 over Q3 2013
"We've maintained an unwavering commitment to delivering simple and affordable enterprise-class data protection offerings backed by an unrivaled customer support team," said Mike Coney, Unitrends' president and CEO. "This winning formula has propelled us to tremendous success in recent years, and we'll continue to make it the foundation of our business model as we enter the next stage of corporate growth."
In addition to driving continued expansion in Q3, Unitrends made a pivotal move, relocating its corporate headquarters to Burlington, Massachusetts, from Columbia, South Carolina. Supported by a rapidly growing local sales and marketing team, the company is now better positioned to hire Boston-area talent, expand its New England footprint of more than 1,200 customers and capture an even greater share of the data protection market.
Industry-First Virtual, Physical and Cloud Data Protection Offerings
Throughout Q3, Unitrends continued to deliver unmatched virtual, physical and cloud data protection offerings. In August, Unitrends greatly enhanced the software powering Unitrends Recovery-Series, the company's family of physical backup and recovery appliances, and Unitrends Enterprise Backup™, its software-only virtual appliance. The latest software includes support for third-party cloud storage archives and continues to push virtual, physical and cloud data protection and disaster recovery to new levels of scalability and performance.
Also in the quarter, the company launched Unitrends Virtual Backup™ (UVB) 8.0, the only purpose-built virtual appliance providing hypervisor-level protection for VMware® vSphere™, Microsoft® Hyper-V® and Citrix® XenServer. Drastically simplifying virtual data protection, UVB 8.0 enables organizations to back up entire multi-hypervisor environments in just four mouse clicks. Additionally, with UVB 8.0, backup and recovery can be performed up to 20 times faster, using 66 percent less storage space and 75 percent less virtual resources than competing systems.
Free Tools Portfolio Unveiled
In Q3, Unitrends unveiled a portfolio of free online service tools to help organizations with limited time and budget better manage data protection. Unitrends' new free tools include:
- BC/DR Link™ – Enables companies worldwide to quickly and easily build a comprehensive disaster recovery plan.
- Unitrends Backup Capacity Tool – Allows systems administrators to capture a complete snapshot of all data center files residing on storage devices and servers, and view file-level information that can be used to plan, construct and schedule backups.
- Unitrends Storage Inventory Tool – Gives administrators immediate visibility into their entire storage environment, enabling them to accurately see how storage assets are being used and where they are stretched to capacity.
Channel Program Milestones
Unitrends' channel program continued to soar in the third quarter. Channel-generated business in North America increased 100 percent, Q3 2014 over Q3 2013. August marked the one-year anniversary of Unitrends' Service Provider Program, which enables hosting, managed services and cloud providers to generate recurring revenue through high-margin service offerings. The program was remarkably well received in its first year, resulting in 278 percent revenue growth. This strong performance is a direct result of the unrivaled business value the program provides – data protection at the lowest total cost of ownership in the industry, which, in turn, enables providers to increase recurring revenue, boost profitability and attract new customers.
Unitrends also announced that Tech Data Corporation, one of the world's largest wholesale distributors of technology products, is now offering Unitrends Disaster Recovery as a Service (DRaaS) to its extensive network of resellers. Unitrends DRaaS is a first-of-its-kind, automated business continuity solution that guarantees full recovery of entire IT infrastructures in the cloud within hours of a declared disaster.
Validation from the Community
Unitrends' rapid company growth and industry-leading data protection technology were recognized by the following organizations this past quarter:
- DCIG – Unitrends Certified Recovery Suite™ (UCRS) received the "Best-in-Class" ranking in DCIG's 2014-2015 Virtual Server Backup Software Buyer's Guide, which evaluated 26 virtual server backup software solutions to assist readers with purchasing decisions.
- TMCnet – Unitrends DRaaS and BC/DR Link were named winners in this year's Cloud Computing Backup and Disaster Recovery Awards.
- Inc. magazine – Unitrends placed No. 1010 on Inc. magazine's 33rd annual Inc. 500|5000, an exclusive ranking of the nation's fastest-growing private companies.
To learn more about Unitrends, please visit: www.unitrends.com.
About Unitrends
Unitrends delivers award-winning business recovery solutions for any IT environment. The company's portfolio of virtual, physical and cloud solutions provides adaptive protection for organizations globally. To address the complexities facing today's modern data center, Unitrends delivers end-to-end protection and instant recovery of all virtual and physical assets as well as automated disaster recovery testing built for virtualization. With the industry's lowest total cost of ownership, Unitrends' offerings are backed by a customer support team that consistently achieves a 98 percent satisfaction rating. Unitrends' solutions are also sold through a community of thousands of leading technology partners, service providers and resellers worldwide. Visit www.unitrends.com.
Media Contact:
Allison Rynak
Marketing Communications Manager
[email protected]
781-418-9606
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SOURCE Unitrends
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