Caringo Sales Accelerate, Industry Veterans Added to Capitalize on Significant Opportunity in 2018

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Q4 2017 Grows 50% compared to Q4 2016 with 40%+ Year-over-Year Growth

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To meet the current demand for our products, we will continue to grow our Sales organization and are pleased to announce the hiring of Charles Portnoy and Kiran Agrahara.

Caringo,Inc., a Scale-Out Hybrid Cloud company that pioneered Object Storage technology, today announced sales growth of 50% in the fourth quarter of 2017 when compared to the same period in 2016 and upwards of 40% year-over-year growth. This was achieved through a mix of existing customer expansion and new customer acquisitions in the Media and Entertainment, IoT, Government, Research and Financial sectors. To help capitalize on the increased momentum, Caringo also announced the appointments of industry veterans Kiran Agrahara as Principal Solutions Architect and Charles Portnoy as Regional Sales Manager, Federal and Southeast.

“Our continued focus on innovation and delivering value to existing and new customers has resulted in solid growth in sales from 2016 to 2017, and we start the year with our strongest and highest quality pipeline ever,” said Jonathan Ring, Caringo’s CEO and Founder. “To meet the current demand for our products, we will continue to grow our Sales organization and are pleased to announce the hiring of Charles Portnoy and Kiran Agrahara. Their impressive experience is the ideal match for the tremendous opportunity we see in the Media and Entertainment, High Performance Computing, Research/Higher Education and Federal Government verticals.”

Mr. Agrahara brings to Caringo over 20 years of experience as a technologist and solutions architect in the data storage, virtualization, networking and security markets. He was most recently Chief Solutions Architect at Formation Data Systems where he helped develop the world’s first converged data platform for enterprise data centers. Mr. Agrahara received his Bachelor of Engineering degree in Electronics and Communications Engineering from the Bangalore Institute of Technology and continued with post-graduate studies at Rutgers Business School.

Mr. Portnoy’s outstanding career spans over 20 years in both sales and executive management positions. He was most recently the Senior Director of Sales at Formation Data Systems where he was responsible for developing and managing worldwide sales for the company. Mr. Portnoy received a BA in Communications, Computer Design Engineering from the State University of New York.

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About Caringo
Founded in 2005, Caringo is committed to helping customers unlock the value of their data and solve issues associated with data protection, management, organization, and search at massive scale. Caringo’s flagship product, Swarm, eliminates the need to migrate data into disparate solutions for long-term preservation, delivery and analysis—radically reducing total cost of ownership. Today, Caringo Swarm Scale-Out Hybrid Storage is the foundation for simple, bulletproof, limitless storage solutions for Texas Tech University Systems, NEP, iQ Media, the Department of Defense, the Brazilian Federal Court System, City of Austin, Telefónica, British Telecom, Ask.com, Johns Hopkins University and hundreds more worldwide. Visit http://www.Caringo.com to learn more.

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Sarah Cook
Caringo, Inc.
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