Exagrid Posts Record Sales

WESTBOROUGH, Mass. -- ExaGrid Systems, Inc. (http://www.exagrid.com), the leader in cost-effective and scalable disk-based backup solutions with data de-duplication, today announced record sales for the third quarter ending September 30, 2007. Third quarter sales for the company increased 43% compared to the previous quarter, Q2’07, and 192% vs. the same quarter a year ago. ExaGrid’s compound quarter-over-quarter growth rate, Q4’05 to Q3’07, is 42%.

Along with strong sales results, the company continued to execute in a variety of important areas during the quarter. Key achievements in Q3’07 included the following:

• Worldwide Channel Expansion: ExaGrid expanded sales and marketing efforts in Asia-Pac, signing new partners in China, Japan, and Thailand. In addition, ExaGrid began European sales and marketing activities, opening an office in the UK, and has recently signed a value added reseller in Norway and installed its first customer in Germany.
• US Channel Expansion: In the United States, 15 new Value Added Resellers (VARs) joined ExaGrid’s VAR Partner Program during the quarter.
• Commercial Customer Acquisition: ExaGrid continues to win against its competitors, gaining new customers in key industries such as: healthcare, financial services, engineering services, manufacturing, education and federal government. ExaGrid now has more named customer success stories (total of 19), on its website, than any other vendor shipping a disk-based backup system with data de-duplication. View these real-world customer case studies via: www.exagrid.com/why_exagrid/customer_success_stories.asp.