2014-01-22 09:14:06 - Quorum announces closing 2013 with series of achievements which include additional funding. Quorum has grown with momentum in providing one-click backup & disaster recovery solutions.
Quorum®, the leading provider of one-click backup, recovery and continuity for the midmarket, today announced it closed out 2013 on a high note with a number of notable achievements. The latter half of the year has been characterized by record growth, new funding, overseas expansion, additional marketing and engineering hires, and more, altogether illustrating the company's impressive momentum as it moves into a new year.
Record Growth, New Funding
Quorum entered 2014 with a solid foundation stemming from exponential growth. The company also secured another $10 million in funding in a Series C round led by Toba Capital. The round will be used to expand sales of its one-click backup, recovery and continuity appliance and DRaaS(Disaster Recovery as a Service)solutions, and support
additional headcount in engineering as demand for innovative disaster recovery solutions grows.
Expanded Footprint in EMEA Meets Global Demand for DRaaS
Quorum's domestic success is quickly spreading across the globe as international midmarket businesses recognize the importance of one-click, instant recovery of data, applications and systems. With several partnerships already formed in EMEA, Quorum has the beginnings of a solid foundation in the region. Now, by establishing its first physical overseas location in the United Kingdom, Quorum is building out a sustainable business through its channel and ultimately meeting international demand for its one-click backup, recovery and continuity solution. Indeed, this demand is skyrocketing: Gartner predicts that the worldwide DRaaS and business continuity market will see a 55.2 percent CAGR over the next five years .
“There is a growing number of solutions available to meet the explosive demand for DRaaS,” said Gurdip Sohal, managing director, Covenco Recovery Services. “But we’ve found that only Quorum’s DRaaS solution provides the assurance our customers need to face any kind of downtime quickly, confidently, cost-effectively, and without any negative affect to their revenue or reputation.”
"Midmarket businesses stand to lose thousands of dollars in revenue after suffering any length of system downtime," said Yaron Gisin, CEO, Wise Solutions, a Quorum partner in Israel. "Through our partnership with Quorum, we have the benefit of offering our valued customers a proven disaster recovery solution that delivers one-click backup, recovery and continuity — a marked difference as compared with traditional solutions. Quorum's solution is the industry's only one to ensure revenue, customers and reputation are effectively safeguarded."
"Like any midmarket business, we can't afford to compromise our revenue or reputation after suffering even 30 minutes of downtime due to a disaster," said Victor A. Adelegan, network administrator at Ascon Oil in Nigeria. "With Quorum, we have a reliable solution that eliminates expensive, prolonged downtime with one click, resulting in uninterrupted service to our customers."
Additions to Executive Team, Engineering Group
Two new additions to Quorum's executive team also contribute to the company's momentum. Vice President of Marketing John Gallagher brings more than 20 years of experience in product marketing, pipeline management and thought leadership to his new role at Quorum. Throughout his career, Gallagher has led marketing teams at DataDirect Networks, LSI, Cadence and EMC/Isilon, as well as startups Synplicity and Meru Networks. With equally impressive experience, Kemal Balioglu has been hired as vice president of products. Balioglu has spent more than 15 years in the software industry at startup and Fortune 100 companies. Prior to Quorum, Balioglu held positions at Symantec, Shavlik Technologies and Siemens.
Quorum also continues to expand its engineering team with new hires, reflecting an ongoing focus on meeting demand for new innovations in disaster recovery.
Virtual User Conference Launches
In an effort to maintain strong connections with Quorum's valued customers and keep the lines of communication open, the company implemented its first-ever Virtual User Conference. Held Tuesdays and Thursdays, November 5-21, 2013, the one-hour sessions included hands-on training and insightful presentations to improve each company's disaster recovery plans and ensure that they are maximizing the use of their Quorum solutions. Attendees also benefitted from networking with other DR professionals in the Quorum network, as well as Quorum engineers and company leaders. The conference's popularity in 2013 guarantees a follow up event this year.
"Quorum's growth reflects the strength of our one-click innovation as well as the focused execution of our operational plan," said Walter Angerer, interim CEO, Quorum. "We've now entered 2014 with a solid foundation, and the knowledge that this year holds countless possibilities for new innovations that will drive additional successes."