SAN JOSE, CA--(Marketwire - March 15, 2011) - Nimble Storage has been named to The Wall Street Journal's The Next Big Thing list which seeks to identify and rank venture-backed companies across all industries that have the capital, executive experience and investor know-how to succeed. Nimble was selected from a pool of more than 5,000 companies and ranked based on proprietary data from Dow Jones VentureSource and input from Dow Jones VentureWire's reporters and editors.
"Venture capitalists are always looking for companies with a new idea that will prove powerful enough to explode into the marketplace," said Alan Murray, deputy managing editor of The Wall Street Journal. "The Next Big Thing highlights companies that we believe are worth watching and have a chance to make waves in their industry."
"We've solved a problem in the storage market that no other vendor has to date. We've uniquely combined storage, backup and disaster recovery into a single process. This not only improves system performance and reduces complexity, but more importantly drastically reduces costs for the enterprise," said Varun Mehta, CEO and co-founder of Nimble. "We're honored to be recognized in this way and to be included with other companies that also are pushing the boundaries of technology."
The Next Big Thing is an annual ranking published by The Wall Street Journal. To be eligible for the ranking, a company must be based in the U.S., have raised an equity round of financing in the three years ended Nov. 30, 2010 and have a valuation of $1 billion or less. The ranking was calculated by applying a set of four financial criteria: the track records of success for both a company's founders and management; track records for the investors on its board; the amount of capital raised in the last three years; and the percentage change in a company's valuation in the last year. Dow Jones VentureWire reporters and editors also provided their perspective and expertise beyond the numbers.
To view The Next Big Thing ranking, visit http://online.wsj.com/article/SB10001424052748703300904576178673309577828.html.
About Dow Jones
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About Nimble Storage
Nimble Storage has developed the first converged storage and backup solution that significantly reduces the cost and complexity of storing, accessing, and protecting data for enterprises. The company's CASL architecture uniquely combines flash and high-capacity disk to support the most demanding primary applications and reduces backup windows and restore times from hours to seconds -- all for at least 60 percent lower cost than existing solutions. Nimble Storage also provides a simple, cost-effective disaster recovery solution that offers business continuity and long-term data protection. Nimble Storage solutions are available through a nationwide network of IT solution providers. For more information, visit www.nimblestorage.com.
©Nimble Storage and CASL are trademarks or registered trademarks of Nimble Storage. Other trade names or words used in this document are the properties of their respective owners.
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