Sunnyvale, Calif., USA (8/15/23) – Nexsan®, the pioneer of highly reliable, cost-effective storage, today announced the company’s continued strong momentum since the start of the calendar year, highlighted by exceeding key revenue targets and improving margins on its product lines.
Building on the successes of Q1, which surpassed aggressive sales targets that it had set, Nexsan accelerated growth in Q2 by delivering on a backlog of orders that accumulated during restructuring after the company was acquired by Serene Investment Management LLC.
Behind Serene’s guidance and financial backing and CEO Dan Shimmerman’s leadership, Nexsan has achieved positive operational cashflow and realized continued growth in both sales and profitability. This growth was especially strong in APAC, where Nexsan has enjoyed financial results 100% ahead of its regional plan, due in part to a significant expansion deal with Unitas Vietnam Technology and Training. However, big wins were not limited to APAC in Q2. Nexsan also added new customers to its roster, including commercial real estate finance experts Walker & Dunlop.
In addition to attracting new customers that are looking to leverage Nexsan’s broad line of storage products built to suit their particular workload and business environment, this past quarter saw an increase in the number of existing customers expanding their Nexsan footprint, including Lutheran Health Care and Savannah College of Art and Design to accommodate their growing business needs. This customer retention is reflected in the 96% customer satisfaction rating that Nexsan received in a recent independent survey.
“One of the key requirements of any healthcare provider is to ensure that patient records are protected according to corporate and governmental regulatory requirements,” said Duane Peterson, Technical Specialist, Lutheran Health Care. “We found that Nexsan fit our criteria to a tee. Growing with Nexsan was a no-brainer as our storage needs increased. It’s a great relationship that continues to be an ideal solution for us.”
Nexsan recently hosted a virtual global partner event for all its value-added resellers (VARs) to share the strong momentum experienced since the beginning of the year and to illustrate its renewed vision for the future.
“As a Nexsan partner for over 20 years, we’re so pleased to see and experience Nexsan’s resurgence in the backup storage and ransomware spaces,” said Mark Tuggle, USI Corp. “The reason we partnered with them in the first place was due to the exceptional value they deliver. We’re thrilled to be able to offer their high-quality, reliable, and cost-effective line of storage solutions to our customer base.”
With a heightened focus on increasing engagement with its partner community, Nexsan will host local partner events to share product news, explore collaboration opportunities and connect with valued vendors, suppliers, and strategic partners. The first local event will be in Tampa Bay, Florida, in late September, with additional events to follow.
Nexsan also recently announced that it will once again be attending the NAB Show in New York, October 24-26 to showcase the value, cost-effectiveness and superior quality of its SAN and file storage suite of products that include E-Series, Unity and Assureon Data Vault.
“We’re really happy and optimistic with the positive growth we’ve witnessed since Serene’s acquisition and restructuring,” said Shimmerman. “It’s a testament to the hard work we’ve done internally and the loyalty we’re privileged to have from our dedicated global partner network and valued customers. Looking ahead, we’re recruiting in many areas of the company, including key executive roles, and expanding our sales and go-to-market teams. Additionally, we’re working on roadmaps for all our product lines and expect to role these out in the coming months.”
Organizations looking for storage solutions that can help them power their business can explore Nexsan’s suite of enterprise storage products at https://www.nexsan.com/products-landing/. Additional information on Nexsan’s core use cases, such as education, healthcare and media & entertainment can be found at https://www.nexsan.com/whats-your-business/.
Nexsan® is a global leader in enabling customers to securely store, protect and manage data. Established in 1999, Nexsan has earned a reputation for delivering the most highly reliable, secure and cost-effective storage, while always remaining agile in order to continuously deliver purpose-built storage and data management solutions that meet complex and everchanging IT, business and budgetary requirements. Nexsan’s patented technology is ideal for a variety of use cases including Financial, Healthcare and Life Sciences, Government, Military, Law Enforcement, Education, Media and Entertainment and Call Centers. For further information, please visit: www.nexsan.com.
Nexsan, the Nexsan logo, Connected Data, the Connected Data logo, Transporter, E-Series, NST, AutoMAID, Assureon and Unity are trademarks or registered trademarks of Nexsan Corporation. All other trademarks are property of their respective owners.