SOURCE: Altaro

Altaro

August 29, 2017 08:00 ET

Altaro Announces 40% Year-over-Year Revenue Growth as User Base Surpasses 40,000 Customers

IT Professionals Adopting Altaro VM Backup Software for Powerful Backup & Recovery of Virtual Infrastructure

RALEIGH, NC--(Marketwired - Aug 29, 2017) - Altaro, a leader in virtual machine data protection, today announced major growth milestones over the past 12 months as the company's customer base exceeded 40,000 customers globally. The technology driver behind Altaro's success is VM Backup software, designed specifically to meet the needs of small and midsize enterprises (SMEs) and Managed Service Providers. Since the product's introduction in 2009 by Altaro, the software has gained widespread adoption and is now a premier choice for Small and Mid-Market organizations.

According to analysts, the worldwide server virtualization market has matured with many organizations reporting server virtualization rates that exceed 75%1. With upwards of 50 million servers in use worldwide, it is estimated that there are now more than one billion virtual machines deployed globally. The installed base of virtual machines presents an enormous market opportunity for backup and recovery solutions geared for virtual infrastructure. SME backup leader Altaro has enjoyed impressive growth over the past several years, riding on the demand for virtual backup. Today's announcement highlights the most recent success metrics as the company continues to capture virtual backup marketshare.

Altaro's expanding distribution channel is the first important success to highlight with 7,000 channel partners now offering Altaro VM Backup as of this announcement. The company's channel-only business model reinforces its focus on partners, resulting in the rapid adoption of VM Backup across every continent. As a result, the company has achieved a number of recent milestones:

  • More than 10,000 Altaro customers are now connected to the company's recently introduced Multi-Tenant Cloud Management Console.
  • More than 400,000 Hyper-V and VMware virtual machines are now being protected with Altaro VM Backup.
  • After recently launching the MSP program; already over 8,000 VMs are backed up every month through the monthly subscription program.
  • The company's growth rate is now accelerating, with sales expanding 40% over the same time period last year.

"In our review of products that offer data protection for virtual infrastructure, we found many to be overly complex and priced too high for the small and midsize enterprise. Organizations like ours have shifted away from these options which siphon away the limited IT resources available," said Brandon Lehman, Senior Technical Support Analyst, OMNOVA Solutions Inc. "As a growing business that continues to expand with more information every year, we require a fast, reliable, and affordable solution with the ability to protect Hyper-V enabled servers across multiple locations. VM Backup addresses all of our data protection concerns at an extremely attractive price point."

"Altaro has enjoyed stellar success over the past 12 months. We attribute this to the company's engineering and business development professionals who work synergistically in support of Altaro's mission," said David Vella, CEO, Altaro. "Together, we are changing the dynamics of data protection in a way that provides real value for SMEs globally."

For more information on Altaro VM Backup, please visit http://www.altaro.com/vm-backup/ or contact info@altaro.com.

About Altaro
Altaro is a fast-growing developer of easy to use and affordable backup solutions for small and mid-market businesses, specializing in backup for virtualized environments.
The company has grown rapidly over the years with the flagship solution Altaro VM Backup, which gained traction as the natural choice for Hyper-V and VMware data recovery.

For more information on Altaro VM Backup, please visit http://www.altaro.com/vm-backup/ or contact info@altaro.com.

1 Gartner, Gartner Says Worldwide Server Virtualization Market is Reaching its Peak, May 12, 2016, http://www.gartner.com/newsroom/id/3315817

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