Tuesday, January 31, 2017

Zadara Claims Record 2016 Results

Irvine-based cloud storage service provider Zadara Storage said Tuesday that it has seen record results in its fiscal 2016. The privately held firm did not disclose any financial figures, but said it saw 2.5X sales growth, 4X international sales, with about 40% of its revenue due to its "On Premise as a Service" service. That service puts storage on-site with its customers, but allows those customers to pay on a subscription basis only for storage used. Zadara is led by storage veteran Nelson Nahum.