Nearly 25% of Fortune 500 Now Rely on Cohesity; Company Delivers Record-Breaking Metrics in ARR and Net Expansion; Annual Revenue Run Rate Surpasses $300M
San Jose, Calif. – September 22, 2021 – Cohesity, a leader in next-gen data management, today announced record-breaking fourth quarter and fiscal year 2021 results, ending on July 31, 2021.
Fueled by strong demand for the company’s next-gen data management technology, Cohesity saw a large increase in the number of Fortune 500 companies embracing its technology. Cohesity also delivered results that further emphasize the success of the company’s subscription-based software model.
Cohesity’s next-gen approach to data management provides simplicity at scale, ransomware protection built on the principles of zero trust security, and AI-powered insights to make it even easier for companies to derive value from data.
“Our record-breaking results underscore the tremendous value our unique next-gen data management platform offers our customers,” said Mohit Aron, CEO and founder, Cohesity. “More businesses than ever trust Cohesity to manage their data in a world in which ransomware attacks are soaring, hybrid cloud is the norm, and the need to derive value from data has never been greater.”
“In Q4, we had our biggest day, week, month, and quarter, all resulting in our biggest year,” said Robert O’Donovan, chief financial officer, Cohesity. “From rapidly increasing ARR, to an outstanding net expansion rate, to strong customer growth — including impressive gains in the Fortune 500, the company is firing on all cylinders and breaking records at every turn.”
“Our data has never been more important to the success of our business — on the field and off — which is why we rely on Cohesity’s next-gen data management solutions,” said Bill Schlough, senior vice president and chief information officer, San Francisco Giants. “We believe Cohesity’s platform approach, which offers simplicity at scale and security that is designed for the cloud era, is truly unique in the industry. Not only is it far easier to deploy and manage, but it gives us peace of mind knowing our data is backed up, protected, and easily recoverable in this ransomware era.”
“Cohesity offers a next-gen approach to data management by consolidating data and apps onto a single platform called Helios designed for simple management through a single UI,” said Phil Goodwin, research vice president, IDC. “Cohesity is aiming to provide a consolidated data management platform across the enterprise, including data centers, cloud, and edge. This could offer many advantages for eliminating data silos when compared to the effort of managing numerous environment-specific tools.”
Expanded Board Leadership:
Over the past 12 months, Cohesity has expanded its Board of Directors and Cohesity Advisors to include Robin Matlock, Bask Iyer, and, most recently, Kimberly Hammonds.
Fiscal Year 2021 Advancements and Accolades:
In fiscal year 2021, Cohesity continued to rapidly innovate, help customers win the war against ransomware, and garner leadership positions in key reports. The company’s success in many of these areas was fueled by Cohesity’s next-gen data management platform that helps ensure data is available, visible, compliant, movable, accessible to third-party apps, protected and easily recoverable — critical in an age of escalating cybersecurity threats.
Cohesity radically simplifies data management. We make it easy to protect, manage, and derive value from data — across the data center, edge and cloud. We offer a full suite of services consolidated on one multicloud data platform: backup and recovery, disaster recovery, file and object services, dev/test, and data compliance, security, and analytics — reducing complexity and eliminating mass data fragmentation. Cohesity can be delivered as a service, self-managed, or provided by a Cohesity-powered partner.
© 2021 Cohesity, Inc. All rights reserved. Cohesity, the Cohesity logo, Helios, and other Cohesity marks are trademarks or registered trademarks of Cohesity, Inc. in the US and/or internationally. Other company and product names may be trademarks of the respective companies with which they are associated.