Zerto Achieves Strong Growth in First Half 2016 – Doubles YoY Business
Growth Supported by Award-Winning Culture, BC/DR Product Innovations, Successful Financing Rounds and Strategic New Hires
BOSTON, MA – August 24, 2016 – Zerto, whose innovative disaster recovery solutions provide ‘Resilience for Evolving IT™’, today announced that it doubled the business in H1 2016 as compared to H1 2015, a trend that continues for the fifth consecutive year. Sales growth is supported by Zerto’s award-winning culture, new business continuity and disaster recovery (BC/DR) product innovations, successful financing rounds and strategic new hires. Zerto has also made noteworthy gains in government, healthcare and financial services verticals.
The following highlights are foundational elements to Zerto’s success in the first half of 2016:
Awards and Accolades – Recognized as one of the IT channel’s most effective CEOs, Zerto CEO Ziv Kedem was recently named to CRN’s 2016 Top 100 Executives in the Innovator category. Kedem was honored for being a technology leader who is creating new opportunities and forging innovative routes to success. Additionally, Zerto received a 2016 Boston Business Journal Best Places to Work award (#6), based on an exemplary culture noted in survey responses from employees.
“At Zerto we’re laser-focused on ensuring customers’ critical operations are maintained, regardless of the type of outage,” said Ziv Kedem, Founder and CEO, Zerto. “Receiving recognition for both the company culture we’re so proud of and the hard work we’ve put in on our channel program points to the soundness of our strategy: a renewed focus on IT resiliency, global expansion and, most importantly, our commitment to be 100 percent channel-focused.”
Secured $70 million in growth financing – In addition to strong sales growth, Zerto also raised $50 million in funding in the first quarter, led by IVP. In Q2 of this year, Zerto secured an additional $20 million in Series E1 financing, led by CRV. The latest rounds validate Zerto’s strong performance particularly within the ever-expanding cloud computing industry with the BC/DR software segment playing an increasingly critical role in companies’ cloud strategies.
New Products with Availability of Zerto Virtual Replication version 4.5 – The new software release introduced in the first half of 2016 helps business leaders achieve IT resilience by helping to recover from ransomware attacks. The new Journal File Level Recovery feature enables restoration of any file or folder from any point in time within the last seconds before accidental deletion, virus or data corruption occurred.
ZertoCON Business Continuity Conference – In May, nearly 400 attendees converged for the IT industry’s next generation BC/DR conference, ZertoCON. The event hosted executives, thought leaders and IT professionals from a wide range of industries and organizations to discuss building confidence in IT with the goal of moving businesses forward.
Strategic New Hires – With an intense concentration on maintaining growth and building Zerto’s strong presence in the channel, Zerto has increased its employee count by over 50 percent in the past six months, including the executive team appointment of Rob Strechay as vice president of product management and Jason Cowie as Zerto’s Senior Director of Global Partner and Channel Sales.
Vertical and Geo Expansions – Thanks to Zerto’s continued innovations in the BC/DR space, as well as its unwavering commitment to the channel, the company is expanding in key vertical areas and regions around the world. In addition to more than quadrupling revenue in government markets, Zerto also grew its footprint in financial services and healthcare space. This is due to the critical role Zerto plays in enabling continuous availability of these highly regulated industries.
Zerto, a pioneer in the field of ‘IT Resilience’, provides continuous availability and disaster recovery software solutions. Zerto’s proactive approach to recovery gives companies confidence in their ability to withstand any disruption, incorporate new technology easily, and change frequently to accommodate evolving IT budgets and business priorities. The company’s award-winning product, Zerto Virtual Replication, part of our Cloud Continuity Platform™, provides the simplest and most reliable method for protecting any application. With Zerto, companies move beyond their BC/DR ‘insurance policy’ to embrace Resilience for Evolving IT™. For more information, go to www.zerto.com.
TouchdownPR (For Zerto)