New Customers and Products Accelerate Onaro’s Growth
Record Quarter, Profitability, Partners, Products, Awards and Key Wins with World’s Largest Retailer and Food Products Company
BOSTON, MA – April 20, 2006 – Onaro, Inc., the leader in Storage Service Management (SSM), announced today that new customers combined with the availability of new SANscreen products has accelerated Onaro’s growth to more than 300% year-over-year. First quarter sales drove the strongest quarter in company history and the company has passed the profitability mark.
“Onaro has reached an inflection point in growth,” said Doug McNary, president and CEO, Onaro, Inc. “Not only did we accelerate past the profitability mark and achieve record revenue, but we continue to attract the world’s largest corporations across many verticals including the largest retailer and largest food products company. In addition, innovative companies such as JetBlue Airways and Countrywide Financial Corporation are selecting SANscreen in increasing numbers. Finally, we saw significant repeat business from our customer base as SANscreen deployments have grown. Onaro’s ability to provide immediate, measurable business value is the leading cause of this success.”
Onaro deepened its technology lead in the SSM market last quarter and confirmed customers’ readiness to adopt an alternative to existing SRM solutions by introducing version 3 of SANscreen Foundation and bringing to market SANscreen Application Insight and SANscreen Replication Assurance. SANscreen Replication Assurance continuously monitors recovery point objectives (RPO) and was named a finalist in eWEEK’s Sixth Annual Excellence Awards program and in the 2006 Network Storage Conference award program. SANscreen Application Insight integrates performance monitoring with change management to tie degradations in performance to changes in the SAN.
Finally, Onaro continued to expand its distribution by completing reseller agreements with Forsythe Technologies and Stack Computer. Both Forsythe and Stack are trusted advisors to many of the leading companies in North America.
“This has been an exciting time for those of us who have believed in the vision of Storage Service Management,” said McNary. “Our significant sales growth and the recognition we’ve received from the IT community has been very rewarding. We are pleased to see the tremendous value that our customers are realizing from the SANscreen suite. Going forward, we will continue to build our distribution partners, expand our ecosystem of service oriented software ISVs, and continue customer expansion in North America and Europe."
About Onaro, Inc.
Onaro is the leader in Storage Service Management (SSM) enabling enterprises to increase service quality, return on storage, and compliance by managing storage as a service. Unlike traditional SRM applications which are device centric, Onaro provides a clear service view into a SAN’s access paths, redundancy, replication and performance. SANscreen is being used by the world’s largest companies in banking, retail, entertainment, data communications and wireless telecom. A partial customer list includes AOL, CareGroup Healthcare System, Countrywide Financial Corporation, JetBlue Airways, Priority Healthcare, State Street Global Advisors, and Wyeth Pharmaceuticals. For more information, please visit www.onaro.com.
