BOSTON, Feb. 10, 2021
Cloud file storage leader achieves double-digit growth driven by accelerated cloud adoption to enable remote work demands
BOSTON, Feb. 10, 2021 /PRNewswire/ -- Nasuni Corporation, the leading provider of enterprise cloud file storage, today announced continued strong growth for its fiscal year ended December 31, 2020. Driven by the boom in cloud adoption and the need for employees to access files working from anywhere, Nasuni recorded a record $24.6 million in annual contract value bookings in the fourth quarter of 2020 and software subscription revenue for 2020 grew 36% year over year. Nasuni is disrupting the legacy on-premises Network Attached Storage (NAS), file server and backup markets with a simple and low-cost cloud service. Data under management increased 70% across AWS, Azure and other cloud object storage, enabling customers to access and share tens of billions of files in more than 10,000 locations.
Legacy file infrastructure became even more of a liability during the pandemic when workforces were unable to access file shares and IT administrators were no longer able to maintain or enhance on-premises hardware-based environments. To be successful in the future, enterprises must ensure reliable access to data without relying on in-person operations, which is increasing demand for cloud alternatives that provide easy, streamlined data access. As a result of these growing needs, Nasuni achieved an average dollar-based net retention rate greater than 115% and a gross ARR retention rate above 95% for the fourth consecutive year.
Additional highlights of Nasuni's achievements in 2020 include:
"The past 12 months have been the ultimate test for digital transformations on a global scale through unbelievably compressed timetables, but many enterprises are accelerating workplace productivity and digital collaboration for new competitive gains," said Paul Flanagan, president and CEO of Nasuni. "The superior service, value and performance of Nasuni have been the saving grace for customers this year, especially as many had to convert their offices to global remote work practically overnight, which was reflected in continuing demand for our solutions."
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Nasuni provides modern cloud file storage, powered by the world's only cloud-native global file system. Nasuni is a cloud replacement for traditional network attached storage (NAS) and file server silos, consolidating file data in instantly expandable cloud object storage at a fraction of the cost. Nasuni also eliminates the need for complex legacy backup and disaster recovery infrastructure, dramatically simplifying IT administration. Companies and organizations worldwide rely on Nasuni to easily access and share files globally from the office, home or on the road. Sectors served by Nasuni include manufacturing, construction, creative services, technology, pharmaceuticals, consumer goods, oil and gas, financial services, and public sector agencies. Nasuni's corporate headquarters is based in Boston, Massachusetts, USA delivering services in over 70 countries around the globe. For more information, visit www.nasuni.com.
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