November 29, 2018

TechTarget

Actifio revenue up, seeks to align with DevOps, cloud

Actifio is looking to ride a DevOps wave to an initial public offering, but for now the data management vendor is concentrating on bolstering support of its customers and channel partners.

Actifio, based in Waltham, Mass., said the quarter that ended Oct. 31 was its largest third quarter ever.

CEO Ash Ashutosh, who founded the company in 2009, said he is happy with the growth rates, but stressed that the quality of the Actifio revenue is more important. Ashutosh said Actifio customers are not just using the vendor for data protection but also asking themselves, “What can I do with this data?”

Actifio, which helped create the term “copy data management” in its early days, now calls itself a data-as-a-service software provider. Actifio software provides backup and disaster recovery, plus data management capabilities such as DevOps and analytics. The vendor claims 52% of Actifio revenue is driven by products to boost DevOps, analytics and cyber-resilience initiatives. The DevOps process can result in a proliferation of data copies if not managed properly.

“It’s a milestone in the journey,” Ashutosh said, but noted that it’s not something he spends too much time contemplating.

Read more: https://searchstorage.techtarget.com/blog/Storage-Soup/Actifio-revenue-up-seeks-to-align-with-DevOps-cloud