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Nasuni's Outstanding Year in Fiscal 2024

Nasuni, a leading unified file data platform for hybrid cloud environments, has announced record achievements for its fiscal year ending December 31, 2024. This milestone underscores Nasuni's leadership in the realm of file storage and enterprise data management. According to Gartner's projection, unstructured file data is expected to triple by 2028, making Nasuni's File Data Platform a vital solution that is scalable, secure, and AI-ready, enabling seamless collaboration and business resilience for companies worldwide.

In the fiscal year 2024, Nasuni demonstrated impressive operational leverage, recording a 26% increase in revenue while remaining profitable and maintaining positive cash flow. The company increased its global workforce to just under 600 employees, with significant hires in Boston, the UK, Ireland, India, and beyond.

Customer Growth and Industry Impact

Throughout fiscal year 2024, Nasuni experienced substantial customer growth, managing over 500 petabytes of total capacity. Notably, more than half of its customer base expanded their deployments, leading to over 600 expansions recorded during the year. Renowned clients such as Mattel, Autodesk, Tetra Tech, Dow, Dyson, Boston Scientific, and the State of Arizona have leveraged Nasuni's solutions to optimize their operations.

Tony Rubenacker, CIO at Dow, remarked, "We were able to deploy Nasuni devices globally and utilize blob storage in Azure, resulting in an environment optimized for cost, efficiency, performance, and security."

Furthermore, Nasuni was awarded its fourth NorthFace ScoreBoard Service Award by the Customer Relationship Management Institute (CRMI) and secured the top position in G2's Winter 2025 Enterprise Grid Report for Cloud File Storage.

Transformational Products and Business Milestones

Key drivers of Nasuni's success include:

• - Valuation of $1.2 Billion: Backed by Vista Equity Partners, this valuation accelerates innovation and global expansion.
• - Brand Revamp and Vision Alignment: A refreshed brand identity highlights Nasuni's commitment to hybrid cloud environments, cyber resilience, and AI-driven data management.
• - AI Integration: Enhanced compatibility with Microsoft Copilot boosts enterprise data analysis capabilities.
• - Introduction of Nasuni IQ: This new data intelligence tool facilitates AI-driven workflows and smarter data management.
• - Strong Partner Ecosystem: A redesigned partner program strengthens alliances in the $145 billion hybrid cloud market.
• - Robust Business Model: Nasuni boasts an enviable gross revenue retention rate of 97.3%.
• - Historic Contract Wins: The company closed its largest Total Contract Value (TCV) deal to date, a staggering $46 million contract over six years.
• - Industry Leadership Recognition: TechTarget recognized Nasuni as the must-attend storage data conference in 2024, and the company hosted its fifth annual CloudBound event, offering IT leaders insights into hybrid cloud and AI-driven data management.

Industry Recognition and Performance

In 2024, Nasuni achieved a significant milestone, garnering over 100 customer reviews on Gartner Peer Insights with an impressive average rating of 4.7 stars—an affirmation of its unwavering commitment to customer satisfaction. The company also received acknowledgment in Gartner's 2024 Hype Cycle™ for Storage Technologies in the Hybrid Cloud Storage and Hybrid Cloud File Data Services categories. Furthermore, Nasuni was a finalist for AWS's Storage Partner of the Year and made appearances on CRN's Edge Computing 100 and Cloud 100 lists.

"As enterprises increasingly adopt hybrid cloud strategies, Nasuni is poised for continued growth in 2025 and beyond," stated Paul Flanagan, CEO of Nasuni. "Our focus remains on driving innovation, supporting partner success, and delivering industry-leading solutions that empower clients to manage, protect, and leverage their data at scale."

For further information about Nasuni and its transformative unified file data platform, visit www.nasuni.com.

About Nasuni

Nasuni provides a unified file data platform for businesses facing a surge in unstructured data, combining storage services and data management into a single hybrid cloud solution. Nasuni's approach ensures business resilience and improved data management while significantly reducing infrastructure costs by up to 65%. Their leading solution eliminates the need for additional cybersecurity measures or separate backup and disaster recovery solutions. The Nasuni File Data Platform replaces friction associated with legacy infrastructure with an optimized infrastructure flow, aligning with modern business expectations regarding data analytics and insights. Organizations across various sectors, including manufacturing, media and advertising, construction (AEC), consumer brands, and energy trust Nasuni to convert data from a challenge into an opportunity. The company is headquartered in Boston, Massachusetts, and operates in over 70 countries. For more information, visit www.nasuni.com.