Market Leader reports significant revenue growth, continued customer adoption, and large investment into partner and product development for 2021
Data Dynamics, the leader in Unified Unstructured Data Management, today announced that it continues to outpace the market and shows accelerated growth despite the challenges and uncertainty created as a result of the pandemic. While many point solution competitors, having raised multiple rounds of funding are stumbling or have shut their doors, Data Dynamics is showing double digit year-over-year sales growth with healthy profit margins. Customers continue to show their support and satisfaction with a 96 percent customer retention rate! Data Dynamics also reported earlier about their Gartner Customer Choice Award and Recognition in which 94% of customers said that they would recommend StorageX to others.
“First and foremost, we hope that everyone continues to stay safe and healthy as we’ve seen friends and family, team members, partners and customers all impacted as a result of the pandemic.” said Piyush Mehta, CEO of Data Dynamics. “2020 has again proven that focused execution, appropriate fiscal discipline, and commitment to customers is the recipe to success which has allowed Data Dynamics to deliver exceptional results. I am so proud of the entire Data Dynamics Family as the success we are experiencing is a direct result of their commitment and flawless execution. We are looking forward to delivering even higher milestones in 2021 as we will be releasing robust features and capabilities to our Unified Unstructured Data Management Platform, invest further into the best of class customer experience, and expand our go to market partnerships to support our customers across a hybrid cloud environment.”
Company, Partner, and Product Highlights:
- Acquisition of Infintus and integration of the team and solution offering to deliver file content analytics and privacy risk classification
- $9 Million in funding round
- Addition of Henri Richard to Data Dynamics’ Board of Directors
- Senior and experienced team members added to the Data Dynamics Family, Helen Johnson as CTO, Brijesh Kumar as VP of Development, and Allison Wolf as VP of Customer Success
- Partnership with Hyperscaler(s) to accelerate hybrid cloud adoption
- Lenovo File Migration Services powered by StorageX enables joint customers to accelerate their Lenovo storage adoption and optimization
- New Technology Center opened in Pune, India
For More Information, please visit: www.datadynamicsinc.com
Supporting Quotes
- “We implemented StorageX a few years back to assist with the migration of a large scale unstructured file sharing environment as part of a datacenter migration effort. The StorageX product was very easy to deploy and is very intuitive and easy to navigate. We have used the products template driven approach to standardize our migration process, reduce the number of individuals and teams involved with migration efforts, and greatly reduce our migration windows. The tool has been so successful in its use that we have made it our primary unstructured data migration platform and are working to standardize it across our global estate. We are also looking to begin taking advantage of the analytics capabilities to improve identification, tagging, and classification of a sprawling unstructured SMB environment.” – Associate Director of IT in the Healthcare Industry
- “The product performs faster analysis on huge amount of data and provides astonishing result on test data. This can result into better data management and reduce cost on the organization by eliminating redundant data.” – Senior Software Engineer in the Services Industry
- “Data Dynamics’ partner-centric channel strategy focuses on delivering value to our joint customers. Unstructured data growth has caused companies to evaluate their storage consumption and sensitive data exposure. Together, we can optimize and accelerate storage consumption and manage sensitive data exposure so that our customers have the competitive advantage.” – Tony Defeo at Lambda
