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Neverfail Boasts Growth

AUSTIN, Texas -- Neverfail, a leading global software company providing affordable continuous availability and disaster recovery solutions, today announced that the company grew by 61 percent during the companys fiscal year ending March 31. Neverfail’s 2007/8 growth far exceeded market expectations for host-based storage replication, which IDC estimated at 25.4 percent growth over 2006. The overall storage replication market for 2007 was $2.66 billion worldwide with host-based replication accounting for 11.5 percent or $305 million, according to IDC1.

"The host-based replication market shows strong adoption in particular for deployments in mid-size businesses, departmental applications in larger enterprises and remote and branch office deployments. While the entire storage replication market shows strong projected growth rates with a 13.6% CAGR between 2006 and 2011, of note, the host-based replication segment is outpacing the overall market growth with a 21.8% CAGR over the next five year period,” said Laura DuBois, Program Director for Storage Software at IDC. “Neverfail is a company capitalizing on this opportunity with solid go-to-market execution, application integration and virtualization support.”

Neverfail Group Ltd.