Customer Adoption of Wysdm's Advanced Data Protection Management Solution Continues to Escalate
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WysDM Software, Inc., the leading provider of advanced data protection management (DPM) solutions, announced today that the number of companies using its DPM software has grown to more than 300, representing an increase of 30 percent since the end of fourth quarter 2006. WysDM's enterprise customers include financial services, telecommunications, commercial airlines, government and pharmaceutical companies.
The rapid rate of customer adoption is consistent with recent findings from the industry's first worldwide forecast on the data protection and recovery management (DPRM) market. A report published by leading market research firm IDC indicates that the DPRM market reached $58 million in 2006 and will increase to $200 million by 2011, representing a 28% percent compound annual growth rate (CAGR). The study, Worldwide Data Protection and Recovery Management: Who's Who and Why It Matters (IDC #205571, February 2007), includes major vendor profiles of companies such as WysDM Software, and market growth forecasts. The report may be viewed at www.wysdm.com/whitepapers/IDC-DPRM.pdf.
"We found that the DPRM market - fueled by the need for increased operational efficiency, reduced costs, and improved reliability and performance - holds a lot of potential for solution providers such as WysDM," said Laura DuBois, research director for IDC's Storage Software group. "Business drivers such as compliance and corporate governance should play a key role in the long term outlook for the worldwide data protection and recovery management market, particularly since DPRM is relevant to larger sectors like data protection and recovery, replication, and storage management."
The IDC report outlines two key market drivers for DPRM, including:
o Traditional approaches to data protection are being augmented with new disk-based data protection technologies fueling the need for tools that can monitor, report and manage heterogeneous data protection configurations.
o Corporate protection and recovery policies imperatives are placing tools that can provide documentation of data protection assets and evidence of protection and recovery processes in an increasingly strategic light.
"We are thrilled to see heightened interest in WysDM's DPM solution and strong customer momentum for the company," said Alan Atkinson, CEO, WysDM Software. "We've found that organizations are realizing that backup reporting alone is not sufficient for managing large, complex, and often distributed data protection environments. Our customers are putting their dollars behind advanced, higher-value functionality such as the ability to see where bottlenecks are occurring so they can be fixed immediately, identifying potential problems so they can be prevented from happening, and optimizing their existing backup infrastructures rather than investing in more hardware. This is where WysDM has a decided advantage, as proven by our customer traction."
About WysDM Software
WysDM is the industry's first and only data protection management (DPM) supplier to offer detailed custom analysis of the entire data protection environment, providing the most comprehensive insight into past, present and future data protection reliability, performance and compliance. Founded in 2001 by a team of storage and software executives from Goldman Sachs, Micromuse, and StorageNetworks, the company has established significant traction on the customer, partner and technology fronts. Its flagship product, WysDM for Backups(TM), uses the company's patent-pending Cross-Domain Correlation(TM) technology to enable system administrators and IT teams to analyze information collected from network, storage, system, and application domains to provide the most comprehensive real-time backup analysis available. For more information, visit www.wysdm.com.
