Bocada(R) Extends Market Lead
BELLEVUE, Wash., Feb. 22 - Bocada, Inc., the privately-held provider of software solutions for what analysts have dubbed "data protection management," extended their leadership position as measured by financial, partner, product and industry-awareness goals. "2005 was a watershed year for Bocada(R) both in terms of the development of the company and our market category," said Mark Silverman, Bocada CEO. "It is rewarding to have Bocada solutions recognized as mission critical by leading companies in nearly every major vertical market, by three of the top four global outsourced services providers and by leading analysts such as Gartner, The Enterprise Strategy Group and The Taneja Group."
Record Results in 2005
Bocada ended calendar 2005 having licensed its software to more than 200 unique enterprise accounts with data protection operations in more than 100 countries. Bocada now services market leading corporations across the globe, including Agilent, ExxonMobil, Genentech, General Motors, Honeywell, JPMorganChase Bank One, Merck, Microsoft, Orange, SBC, Sprint, The Capital Group, Unilever and Valero Energy. Bocada also serves leading government and regulatory agencies such as the U.S. Army, Securities and Exchange Commission and NASD.
In 2005, Bocada also commenced the global roll-out of its software in partnership with three of the top four global outsourced services providers and has formalized field partnerships with a number of major IT management and storage vendors that will be involved in the selling and marketing of Bocada solutions in 2006, as well as with the integration of Bocada solutions into broader IT services management platforms.
"Of course we are pleased that were able to grow our base of leading enterprise customers and services providers and double our revenues in 2005," said Scott Wolchko, Bocada CFO. "However, we are most proud that we did so while maintaining our historical 90%+ support renewal rate and while exceeding our targets for add-on sales to existing customers. After a near break-even fourth quarter in 2005, we enter 2006 in a strong financial position, with nearly 80% of our last round of financing still in the bank."
The Only Enterprise-Proven Solutions
Shipped in November 2005, Bocada Enterprise 4 leverages the company's patented agentless, multi-vendor technology, to improve the effectiveness of all leading data protection applications and platforms, including those from IBM, Symantec, EMC, HP, CA, Sun and Oracle. Built for the demands of the scaled enterprise, Bocada Enterprise 4 delivers unmatched performance against the demands of the scaled, distributed, heterogeneous enterprise, including support for more than 50,000 hosts in a single product instance.
Other features of the Bocada Enterprise 4 platform include the ability to map assets to business groups and applications; increased capabilities to meet and prove compliance and service level agreement mandates; an enhanced, intuitive graphic user interface and web-based report creation and distribution function; and support for Oracle(R) Recovery Manager (RMAN).
Industry Recognition:
In 2005, Bocada BackupReport 3.5 won the award for best Storage Networking Software Product in the Techworld 2005 Network Awards. The Techworld 2005 Network Awards, which honors the leading teams, projects and products in the United Kingdom, recognized BackupReport 3.5 for its ability to ensure the quality of IT services, substantially reduce costs and achieve compliance with policies and regulatory requirements. Other judging criteria included technical specification data, main features, customer profiles and customer testimonials. In addition, leading storage analyst firms, such as The Taneja Group, acknowledged the leading position of Bocada in the emerging DPM category in 2005. "Bocada pioneered this market six years ago, and they have continued to demonstrate market leadership," said Brad O'Neill, Senior Analyst with the Taneja Group. "Based on firsthand feedback from Bocada customers, I expect to see both Bocada and the data protection market grow strongly in 2006."
About Bocada
Headquartered in Bellevue, Wash., Bocada is the pioneer and leading provider of software solutions that ensure data protection services, systems and processes meet quality, cost and compliance objectives. The Company's flagship product, Bocada Enterprise, utilizes patented consolidation and visualization technology to collect, organize, canonize, warehouse, analyze and present information about the multi-vendor software and hardware systems designed to ensure the backup, recovery and archiving of mission critical enterprise data. The unique, agent-less architecture of Bocada Enterprise enables rapid deployment across even the largest and most distributed data protection environments. Founded in 1999, Bocada established the rapidly-emerging data protection management market through its proven scalable solution, protected intellectual property, critical mass of loyal customers and strong financial performance. Bocada is building solutions that allow companies to ensure the safety of their data at the right cost. Based on patented technology, Bocada solutions deploy rapidly and scale to meet the demands of large enterprises for backup and data protection management.
Web site: www.bocada.com
Source: Bocada, Inc.
CONTACT: media, Kim Amsbaugh of Eastwick Communications,
+1-650-480-4037, or kim@eastwick.com, for Bocada
