Onaro Marks Mid-Year with Record Revenue and Customer Growth
Record Quarter, Customers, Awards, Geographic Expansion
BOSTON, MA - July 20, 2006 - Onaro, Inc., the leader in storage service management (SSM), announced today that Q2 was the strongest quarter in both revenue and customer growth in the company’s history. In addition, the company reached profitability for its second straight quarter.
“We continue to see very strong demand for our storage service management solution. Onaro’s ability to provide immediate and measurable business value is the leading cause of this success,” said Doug McNary, president and CEO, Onaro, Inc. “Not only did we achieve strong financial performance, but we added 14 new customers with penetration into the wireless industry especially strong. Onaro is now used by the top three wireless providers in addition to some of the world’s largest corporations to mange their rapidly growing storage requirements.”
Other key events during the quarter included Onaro’s receipt of the eWEEK excellence award for SANscreen Replication Assurance, continued expansion into EMEA, and the first Onaro Customer Advisory Panel.
“The first half of the year has brought record growth for Onaro,” said McNary. “Our financial results, new customer adoption, product awards, and the first hand feedback received at our customer advisory panel reinforce the continued market demand for Onaro’s products. Going forward, we will continue to deliver on our reputation of product excellence, build our distribution partners, expand our ecosystem of service-oriented software ISVs, and continue customer expansion in North America and Europe. 2006 is shaping up to be the breakout year for Onaro.”
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.
