Little-known INFINIDAT, a rising provider of enterprise data storage, must be doing something right, because it is making some serious business waves under the radar.
The 7-year-old company reported Feb. 8 that it recorded 183 percent quarter-over-quarter sales growth in Q4 2015, and 331 percent year-over-year growth in 2015. Due to the company entering new markets and broadening its global reach, new international customers accounted for 50 percent of sales in Q4 and 32 percent overall in 2015. INFINIDAT also shipped 200 percent more capacity in 2015 than in the previous year.
Storage industry veterans will recognize the name of Moshe Yanai, INFINIDAT’s founder and CEO. Yanai is the former Israeli Army tank commander who helped put EMC on the storage map back in 1987 when he developed Symmetrix (today’s DMX series). He later started XIV and sold it to IBM.
Needham, Mass.-based INFINIDAT continued to expand its reseller and distributor channels in Q4, capturing over 49 percent of Q4 sales from the channel. INFINIDAT signed agreements with 25 additional resellers and distributors in Q4, increasing its list of global channel partners to 129.