Terascala Shows Strong Financial Momentum in 2014
Boston, MA (PRWEB) April 07, 2014 -- Terascala, the fast data company, today announced record OEM sales for the first quarter of 2014 and sequential increases in total sales for the last four quarters. The company attributes the strong revenue numbers to high demand for their TeraOS software. When combined with Dell and NetApp hardware, the software creates a turnkey storage solution that is purpose-built for easy deployment, reliability, scalability and increased performance. Terascala also reported robust interest in their recently announced Intelligent Storage Bridge (ISB), the company’s groundbreaking data movement solution.
TeraOS allows OEMs such as Dell and NetApp to quickly develop and deploy world class storage solutions that meet the demanding needs of today’s high-performance and technical computing customers. Terascala’s solutions power products from these OEMs, including the Dell HSS series and NetApp’s High-Performance Storage (HPS) Rack.
“Our record OEM sales this quarter, combined with our strong sales numbers last year, indicate how vibrant the HPC market demand is for simple, yet extremely fast appliances that are also highly intelligent,” said Steve Butler, CEO at Terascala. “TeraOS significantly reduces the overhead management of today’s HPC storage infrastructure. Few organizations can justify the pain of ‘roll-your-own’ storage now that TeraOS powered appliances from Dell and NetApp offer lower total cost of ownership than do-it-yourself approaches."
Terascala and its OEM partners solve enterprise high-throughput challenges because their integrated storage solutions are easy to set up, simple to manage and integrate within existing disk shelves and storage controllers available through major HPC system providers. Users can achieve tens of gigabytes of highly available storage bandwidth with none of the hassle, cost and uncertainty associated with building and maintaining a homegrown solution.
In addition to record sales for the first quarter, Terascala reported the following statistics:
• Total sales for Q1 2014 are more than 100% greater than Q1 2013 and approximately 50% higher than Q4 2013.
• The Company was cash flow positive for Q1 2014.
Terascala expects this positive momentum to continue based on the substantial increase in the size and overall quality of their opportunity pipeline, as well as an increase in interest from leading life sciences and genome sequencing research organizations with an emphasis on high-performance data analysis. “As we move forward, we expect to hit our Q2 2014 bookings goal and show another large increase over last year’s Q2,” continued Butler. “In addition to the sales momentum of TeraOS, we are seeing strong interest in our recently released ISB 2.0 data movement solution.”
Terascala’s ISB rapidly integrates information and streamlines workflows between high-performance storage and existing enterprise storage solutions. Since its introduction in late 2013, companies have been using the ISB to enhance the throughput and reliability of large data transfers, which increases fast scratch efficiency and overall application workflow performance.
Because many of today’s HPC infrastructures are not optimized for efficient and daily movement of data, vast amounts of unstructured data are typically stranded, limiting valuable analysis opportunities. The ISB is the first solution of its kind to solve this “stranded data” challenge by automating the transfer of large data sets between high-performance fast scratch storage and a cost-effective enterprise storage system.
About Terascala
Terascala is the fast data company. Terascala storage appliances dramatically accelerate the time to insight for organizations that rely on simulation, analysis, and modeling tools to bring new products and innovation to market. Exclusively available through strategic partners Dell and NetApp, Terascala storage appliances provide on-demand throughput at multiple gigabytes per second while leveraging industry-leading storage platforms for long-term data protection.
Learn more at http://www.terascala.com/.
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Terascala and the Terascala logo are trademarks of Terascala, Inc. All other brands, products, or service names may be trademarks or property of their respective holders.
Alison Golan, Golan Public Relations, +1 (904) 230-3369, [email protected]
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