Press ReleasesLiveVault announces revenue growth
LiveVault annouces annualised revenue growth in excess of 100% over Q2
October 25, 2005 - LiveVault Corp, provider of online backup and recovery solutions for business servers and vendor to Backup Direct, today announced its 2005 revenues increased at an annualised growth rate in excess of 100% over Q2.
Over the past three months, the interest in better data protection and disaster recovery skyrocketed because of events such as Hurricanes Katrina and Rita," said Bob Cramer, CEO of LiveVault. "SMBs feel especially vulnerable and want the reliability of continuous and automatic offsite storage that LiveVault delivers. We are finally seeing mainstream online backup and recovery solutions over tape-based solutions, and we are able to meet that demand by providing small and mid-sized companies with the ease of use and reliable data backup and recovery services they need in today's world".
In addition to its revenue growth, LiveVault received widespread acclaim for its services and marketing effort during the third quarter. LiveVault swept all three categories in the VAR Business Reader's Choice Award (for Iron Mountain Electronic Vaulting Powered by LiveVault and LiveVault InControl) and was named a finalist in the VAR Business Tech Innovators Competition.
LiveVault's solutions provide unparalleled data protection and recovery capabilities that cover all aspects of data protection - data backup, offsite storage, archiving and data recovery, doing what no other product has: giving organisations a simple, set-it-and-forget-it way to guarantee the safety of their data.
LiveVault seamlessly couples network - and disk-based backup and recovery to create a fully automated data protection system. LiveVault delivers automatic and Continuous Data Protection (CDP) for the data companies that need to run their businesses including Microsoft Exchange, Outlook and other databases and business-critical applications, as well as file servers. LiveVault backup server data via a secure Internet connection, and stores the data offsite where it is available for immediate recovery in the event of a system failure, virus, human error or other disaster.
