SOURCE: EVault, Inc.

July 26, 2005 06:00 ET

EVault Achieves Record Quarterly Revenue and Profit

New Data Center Within SunGard Facility Opened to Accommodate Rapid Growth

EMERYVILLE, CA -- (MARKET WIRE) -- July 26, 2005 -- EVault, Inc., the leading online backup and recovery provider, today announced record revenue and earnings for the fourth fiscal quarter ending June 30, 2005. With sales topping $7.7 million for the quarter, the company achieved revenues of $24 million and a 10% net profit for fiscal year 2005.

"Growing revenues from $2 million to $24 million over the past three years has been quite an accomplishment," said Phil Gilmour, president and CEO, EVault, Inc. "Looking forward, we're excited by the strong interest we see for our secure online backup and recovery offerings and remain focused on our long-term commitment to market leadership."

This momentum has earned EVault recognition both locally and throughout the storage industry. The company was recently ranked as the third fastest growing private company in the San Francisco Bay area by the East Bay Business Times.

To support its growing customer base, EVault has opened a new Tier-1 data storage facility, co-located at SunGard Availability Services' Philadelphia recovery center. The new facility is the seventh EVault data center in North America, and marks the third location shared with sales partner SunGard Availability Services, the pioneer and leading provider of information availability solutions. The new vault provides additional capacity and state-of-the-art security to ensure customer data is safely stored, protected and encrypted, in accordance with business continuity and disaster recovery protocols.

"Given the stringent regulatory guidelines and recent concerns surrounding data security breaches, data security is more important than ever today," said Doug Chandler, program director, Storage Software and Services, IDC. "Today we see online backup and recovery solutions such as EVault's incorporating security and data protection, to reduce the risk of exposing business-critical information."

New Customers Sign On

EVault continues to add new accounts to its customer roster, including Beacon Lighting, Australia's leading lighting retailer with more than 48 stores across Australia, and mattress manufacturer Simmons.

With $130 million in revenue, Simmons operates four divisions across Canada, in addition to its corporate headquarters located in Mississauga, Ontario. The company recently turned to EVault to streamline and centralize its data backup processes, reduce system downtime, and recover quickly in the event of a data loss.

"EVault offers us a more cost-effective and streamlined alternative to expensive off-site mirroring or less reliable, manual tape-based solutions," said Les Tomczak, manager of information technology for Simmons. "With EVault, our data is automatically and securely backed up and stored off-site and we rarely have to take our systems offline."

EVault also continues to build its channel partnerships. Today, the company announced that Charter Communications (NASDAQ: CHTR), a leading provider of business-class broadband services, has selected EVault as its technology provider to power Charter's backup and recovery managed service offering, VaultWorks, targeted to its more than 65,000 small and medium business customers nationwide. (See EVAULT INKS AGREEMENT WITH CHARTER BUSINESS, July 26, 2005).

About EVault

EVault enables customers to fulfill a very important component of their business continuity program by efficiently and reliably safeguarding their data backup through a fully automated process. Today, EVault products and managed service offerings are the basis for critical data protection and recovery for thousands of businesses worldwide. The technology has helped perform millions of backups and tens of thousands of successful restorations. For more information, please visit www.evault.com or email sales@evault.com.

Contact Information

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