Brind.

ExaGrid reports record quarter, replacing storage from NetApp and Data Domain

1 report, 1 independent Updated Mon 00:00
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 1 outlet

ExaGrid reported its best third quarter in company history, driven by double-digit year-over-year growth and a 70 percent competitive win rate. The company is replacing primary storage solutions from Data Domain and NetApp eSeries. CEO Bill Andrews stated ExaGrid is the largest independent backup storage vendor globally and generates cash every quarter with zero debt.

From blocksandfiles.com

Why it matters

Some supportBrind's analysis of the reports

The rapid growth and market penetration of ExaGrid signal a significant shift in the enterprise storage sector. The vendor is successfully capturing market share from established competitors, including Data Domain and NetApp, by offering tiered backup storage and AI-powered ransomware recovery features.

From blocksandfiles.com

Who's involved

  • NetAppVendor whose eSeries storage is being replaced by ExaGrid
  • Data DomainVendor whose primary storage is being replaced by ExaGrid
  • Hitachi VantaraCompetitor in the storage market facing increased pressure
  • Bill AndrewsCEO of ExaGrid, providing updates on company performance

Who could feel it

Possible knock-on effects

These are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.

  • Data DomainSpeculative

    Data Domain could face pressure on sales and market share as ExaGrid replaces its primary storage.

  • NetAppSpeculative

    NetApp might see reduced demand for its eSeries storage products due to ExaGrid's market entry.

Keep exploring

The entities involved

Coverage

Newest first; wire copies grouped