Q4 2017 Grows 50% compared to Q4 2016 with 40%+ Year-over-Year Growth
Caringo, Inc., a Scale-Out Hybrid Cloud company that pioneered Object Storage technology, today announced sales growth of 50% in the fourth quarter of 2017 when compared to the same period in 2016 and upwards of 40% year-over-year growth. This was achieved through a mix of existing customer expansion and new customer acquisitions in the Media and Entertainment, IoT, Government, Research and Financial sectors. To help capitalize on the increased momentum, Caringo also announced the appointments of industry veterans Kiran Agrahara as Principal Solutions Architect and Charles Portnoy as Regional Sales Manager, Federal and Southeast.
“Our continued focus on innovation and delivering value to existing and new customers has resulted in solid growth in sales from 2016 to 2017, and we start the year with our strongest and highest quality pipeline ever,” said Jonathan Ring, Caringo’s CEO and Founder. “To meet the current demand for our products, we will continue to grow our Sales organization and are pleased to announce the hiring of Charles Portnoy and Kiran Agrahara. Their impressive experience is the ideal match for the tremendous opportunity we see in the Media and Entertainment, High Performance Computing, Research/Higher Education and Federal Government verticals.”
Mr. Agrahara brings to Caringo over 20 years of experience as a technologist and solutions architect in the data storage, virtualization, networking and security markets. At Formation Data Systems, he helped develop the world’s first converged data platform for enterprise data centers. Mr. Agrahara received his Bachelor of Engineering degree in Electronics and Communications Engineering from the Bangalore Institute of Technology and continued with post-graduate studies at Rutgers Business School.
Mr. Portnoy’s outstanding career spans over 20 years in both sales and executive management positions. He was most recently the Senior Director of Sales at Formation Data Systems where he was responsible for developing and managing worldwide sales for the company. Mr. Portnoy received a BA in Communications, Computer Design Engineering from the State University of New York.
Founded in 2005, Caringo is committed to helping customers unlock the value of their data and solve issues associated with data protection, management, organization, and search at massive scale. Caringo’s flagship product, Swarm, eliminates the need to migrate data into disparate solutions for long-term preservation, delivery and analysis—radically reducing total cost of ownership. Today, Caringo Swarm Scale-Out Hybrid Storage is the foundation for simple, bulletproof, limitless storage solutions for Texas Tech University Systems, NEP, iQ Media, the Department of Defense, the Brazilian Federal Court System, City of Austin, Telefónica, British Telecom, Ask.com, Johns Hopkins University and hundreds more worldwide. Visit www.Caringo.com to learn more.
His agencies’ services, for over two decades, have helped garner early stage and growth companies significant brand exposure, resulting in either acquisition or IPO, with a total valuation of over $2.0 Billion.
Mr. Chan is a serial entrepreneur, philanthropist, author and angel investor. He played key executive roles early on in helping to usher in both digital audio and digital video technologies for the recording, broadcast and post production industries. His expansive background spans over three decades in ever increasing executive roles in operations, business development, engineering and sales/marketing in the information technology, media & entertainment, storage and networking, and other related high technology industries. He is an active mentor and senior advisor to many established and start-up companies, a market/technology analyst, and has over two decades of experience in brand development, management consulting / company turnarounds, creative advertising and public relations.
A graduate of California Polytechnic State University, San Luis Obispo, Mr. Chan is celebrating his 10th year as a board member of the Fullerton College Foundation, 16th year as an Entrepreneur-in-Residence and mentor for the Small Business Institute at California State University Fullerton and incubators. Additionally, he is a volunteer member of DECA (Delta Epsilon Chi and Distributive Education Clubs of America); an advisor to the College of Engineering's Global Waste Research Institute, Cal Poly, San Luis Obispo and a member of the President’s Green and Gold Society. Passionate about hospice care, he was the past Board President for the Healing Hearts Association; and is a regularly featured speaker at many MBA and Doctorate level lectures around the country. He has presented and published over 30 papers worldwide, is a book co-author, an editorial board member for the Society of Motion Picture and Television Engineers, Senior Editor for Broadcast Beat Magazine, past Senior Editor for Computer Technology Review, and is a regularly featured Contributing Editor to many US and international trade publications for over 30 years.
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