August 21 2018

Cohesity Increases Revenues 300 Percent in FY 2018 and Announces Massive Customer Growth as Enterprises Globally Embrace the Company’s Hyperconverged Secondary Storage Platform

Revenues Nearly Quadruple Year-over-Year, Customer Acquisition Increases Four-Fold Including Marquee Enterprise Customers AutoNation, Beam Suntory, LendingClub, U.S. Department of Energy and WestLotto

San Jose, Calif. – Aug. 21, 2018Cohesity, the leader of hyperconverged secondary storage, today announced that its revenues from fiscal year (FY) 2018, which closed on July 31, increased 300 percent year-over-year. The company also announced that it quadrupled the size of its customer base compared to the previous fiscal year. And, as the year progressed, more and more customers embraced Cohesity’s platform in record numbers, with customer adoption accelerating 75 percent in the fourth quarter compared to the third.

The company saw major customer adoption across a wide array of verticals globally including financial services, healthcare, public sector, life sciences, media and technology, telecommunications, and education. This strong financial performance and customer momentum builds on the company’s outstanding results from the previous year and continues to validate the growing demand for Cohesity’s disruptive technology that consolidates complex legacy infrastructure onto a single platform that is optimized to manage secondary data and applications at web scale.

“As more and more companies struggle with mass data fragmentation, customers globally are looking for a radically different approach to solve this problem,” said Mohit Aron, CEO and founder, Cohesity. “Cohesity empowers customers to consolidate a patchwork of secondary silos including backup, files and objects, test/dev, archiving, analytics, and cloud with a platform that scales in a way no other vendor can match. And with today’s announcement of Cohesity Helios, we are empowering those customers to do more with their data, providing new ways for organizations to generate value from their untapped data while solving some of their biggest business challenges.”

Momentous Customer Growth

Continued Innovation That Delivers Business Value

Top-Tier Financial Backing for Rapid Growth

Channel / Partner Momentum

Recognition and Accolades from Industry Experts, Company Growth

 

For more information:
Read the press release announcing Cohesity Helios as well as the blog post

Media Contacts
Jenni Adair
Head of Corporate Communications
650-400-1871
jenni@cohesity.com

BOCA Communications for Cohesity
cohesity@bocacommunications.com

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