SOURCE: Neverfail

April 29, 2008 10:55 ET

Neverfail Growth Tops 61 Percent in Fiscal Year 2007/8

Continuous Availability Vendor Far Exceeds Market Growth Predictions

AUSTIN, TX--(Marketwire - April 29, 2008) - Neverfail, a leading global software company providing affordable continuous availability and disaster recovery solutions, today announced that the company grew by 61 percent during the company's fiscal year ending March 31. Neverfail's 2007/8 growth far exceeded market expectations for host-based storage replication, which IDC estimated at 25.4 percent growth over 2006. The overall storage replication market for 2007 was $2.66 billion worldwide with host-based replication accounting for 11.5 percent or $305 million, according to IDC(1).

"The host-based replication market shows strong adoption in particular for deployments in mid-size businesses, departmental applications in larger enterprises and remote and branch office deployments. While the entire storage replication market shows strong projected growth rates with a 13.6% CAGR between 2006 and 2011, of note, the host-based replication segment is outpacing the overall market growth with a 21.8% CAGR over the next five year period," said Laura DuBois, Program Director for Storage Software at IDC. "Neverfail is a company capitalizing on this opportunity with solid go-to-market execution, application integration and virtualization support."

Among the company's highlights this year was:

-- Signing of a partnership with Vodafone UK, part of the world's leading international mobile telecommunications group, to offer a co-branded service for BlackBerry® Enterprise Server customers

-- Worldwide expansion into the Middle East, Australia and Asia Pacific

-- Launch of the Neverfail's Application Management Framework to focus on automation of application availability

-- Launch of Neverfail for VMware® VirtualCenter to protect operational control of VMware's Virtual Infrastructure

-- Major customer wins encompassing both small and medium-sized businesses, as well as larger companies named on the Fortune 1000 and Global 2000 lists

-- Significant growth in verticals such as financial services, technology, government, healthcare and manufacturing


"After a little more than a year as Neverfail's CEO, our growth has beat even the high expectations I had set and I couldn't be more pleased," said Peter Parker, Neverfail Group CEO. "It is notable that our fourth quarter growth was up by 93 percent over the same period last year -- clearly, the changes we've made in the last year are bearing fruit. We remain committed to our vision of creating a world where business applications are continuously available."

"Hollywood never rests, so neither can Thomson Technicolor's Memphis HES DVD Distribution Center. We're charged with running a 24x7 operation to distribute DVDs from the top movie studios to retailers around the country," said Jim Tessier, senior server engineer for Thomson Technicolor. "We chose Neverfail because we quite simply can never fail. While business continuity was our primary driver, we selected Neverfail also because it saves us money and time by providing a cost-effective option that is highly intuitive and easy-to-use, so we don't have to spend time on training. To top it off, Neverfail's support organization treated us like a customer before we even purchased the product. You just don't see that very often."

Neverfail's best selling products include Neverfail for Microsoft® SQL Server, Neverfail for Microsoft® Exchange and Neverfail for BlackBerry Enterprise Server. The company offers the widest range of solutions for Windows-based applications including SharePoint®, File Server, IIS, IBM® Lotus® Domino® Captaris RightFax® and VMware VirtualCenter. Neverfail's products can be implemented in physical and virtual environments and over a LAN or WAN which offers businesses the ability to locate their secondary server in the next room or across the globe. Neverfail's offerings are available worldwide through more than 850 channel partners and distributors or direct. For more information, please visit www.neverfailgroup.com.

(1) IDC, The Future of Replication Technology: A Market Segmentation and Analysis," Doc # 210293, February 2008

About Neverfail

Neverfail is a leading global software company providing affordable data protection, high availability, and disaster recovery solutions focused on keeping users productive. Neverfail's software solutions enable users to remain continuously connected to the live software application irrespective of hardware, software, operating system, or network failures. Neverfail's mission of eliminating application downtime for the end user delivers the assurance of business continuity, removes the commercial and IT management costs associated with system downtime and enables the more productive use of IT resources. More information can be found at www.neverfailgroup.com.

Neverfail is a trademark of Neverfail Group Limited. All other trademarks, including Microsoft, Windows, and Exchange, are trademarks of their respective companies. Copyright © 2008 Neverfail Group Ltd. All rights reserved. No part of this publication may be reproduced, transmitted, transcribed, or translated into any language or computer language, in any form or by any means without prior express, written consent of Neverfail Group Limited.

Contact Information

  • For further information, please contact:

    Neverfail
    North America
    Ann Taylor
    PR Director, Neverfail Inc.
    Tel: (512) 327-5777 ext. 1834
    Cell: (512) 970-4067
    Email Contact

    Beth Andrix Monaghan
    InkHouse
    Tel: (617) 264-0420
    Cell: (617) 734-3579
    Email Contact

    UK
    Lauren Drapala
    AxiCom
    Tel: +44 (0) 208 392 4054
    Cell: +44 (0) 772 576 1451
    Email: Email Contact