SOURCE: BlueArc

BlueArc

November 17, 2010 16:16 ET

BlueArc Achieves Record Quarter Revenue

Unmatched Storage Performance and Cost Efficient Solutions Drives Record Third-Quarter Revenue and Triples Customer Adoption Rates

SAN JOSE, CA--(Marketwire - November 17, 2010) - BlueArc® Corporation, a leader in scalable, high-performance network storage, today announced that it achieved record third-quarter revenue, driven by rapid growth in customer adoption and 100 percent quarter-over-quarter growth in channel revenues. BlueArc has also increased its staff by 20 percent to fuel its growth as the price-performance leader in high-performance network storage across all market segments.

New customer adoption has tripled since introducing the Mercury storage platform last year, bringing BlueArc's industry-leading performance and advanced file system and data management capabilities into the data center. BlueArc has seen tremendous growth in the enterprise through key partners, and continues to see impressive growth in data intensive markets -- such as e-discovery, where BlueArc is the solution of choice -- further establishing them as a leading storage provider with a unique vision: build for multi-petabyte scale and HPC performance, while also adding features more typically found in a general purpose file system.

"In today's data-intensive world, customers need to manage more data, faster," said Mike Gustafson, CEO of BlueArc. "At BlueArc we're building solutions that provide our customers with breakthrough advantage, delivering scale-up and scale-out storage for big data and general purpose core NAS. We have grown up focused on addressing the challenges of large datasets and performance, and continued investing and innovating on that foundation to deliver features that also help reduce overhead costs and simplify data management. This includes examples like Cross-Volume Links™, which allows customers to repurpose legacy storage, and the JetCenter™, Jet Clone™ and JetMirror™ software suite for vSphere, which are core to providing both performance and efficiency in virtualized environments."

Fuelled largely by the success of Mercury, the industry-leading mid-range platform introduced in July 2009, channel revenue for BlueArc has continued to grow over the past several quarters, more than doubling in each of the last two quarters.

"Our customers are increasingly turning to BlueArc solutions for cost-efficient storage with optimum performance delivery," said Matt Allen, managing director of bluegfx, a reseller located in the U.K. "BlueArc is the game-changer for companies that demand high-performance, high-capacity storage and advanced tools for automated tiering and virtualization, but don't want to pay a premium for it."

While BlueArc's success in the enterprise has grown significantly, the company continues to invest in its high-performance computing roots. This week, BlueArc takes a significant first step for the industry, demonstrating an early version of its implementation of the parallel network file system (pNFS) industry standard at Supercomputing 2010. BlueArc is committed to the success of pNFS, believing it to be a significant building block in next generation scale-out technology and sees the current NFS v4.1 industry standard as combining the benefits of parallel file systems with an open, standards-based approach. From the customer's perspective, vendor interoperability is key and earlier this year, BlueArc participated in the NFSv4 Bakeathon, working with a number of storage industry leaders to test interoperability with NFSv4.1 and pNFS.

"If everyone knew the full extent of BlueArc's enterprise customer base, they'd be stunned," said Steve Duplessie, founder and senior analyst, Enterprise Strategy Group. "The progress BlueArc has made in the data center is impressive. With its ability to offer both scale-up and scale-out solutions, BlueArc has firmly established itself as a key player in a very interesting market."

About BlueArc
BlueArc partners with customers to solve their storage and data management-related business challenges. BlueArc's best-of-breed, high-performance, highly scalable and cost-effective storage solutions help to accelerate our customers' success. Information about BlueArc solutions and services can be found at http://www.bluearc.com/.

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