Actifio, a Waltham data storage company, said Tuesday that its Copy Data Storage platform has been selected and deployed by the Palo Alto Unified School District in California.
According to Actifio, its copy data storage platform lets businesses recover anything instantly, for up to 90 percent less cost than services operated by competitors. The intelligence firm IDC estimates the copy data storage market to be $44 billion.
With 1,500 teachers and staff members and a student population of 12,000, the Palo Alto school district is made up of 12 elementary schools, three middle schools, and two high schools.
The district has been relying on an IT environment comprising approximately 170 virtualized servers running VMware as well as legacy hardware. Supporting multiple services every day, the IT team found backup and restoration challenging – particularly in a complex production storage environment. The district’s IT staff wanted a data management solution that could reduce data restoration times from a half-day to 10 minutes, and that was a big reason that they chose the Actifio platform, Actifio said in a press release.
“All of our customers have better ways to spend the money and time we can free up from redundant systems managing excess copies,” Actifio CEO Ash Ashutosh said in a statement.
In March, Actifio announced that it had closed a $50 million investment round led by Technology Crossover Ventures, with participation from existing investors Andreessen Horowitz, ATV, Greylock Israel, and North Bridge Venture Partners, according to a Globe story.
Actifio is on track to try a public offering within a year or so, its executives said then. At that time, the company had just over 200 employees. Actifio generated $17 million in revenue last year, and Ashutosh expects that number to triple this year.