Actifio

Actifio is a privately held information technology firm headquartered in Waltham, Massachusetts.[1] The company specializes in copy data virtualization. It claims its products make information technology infrastructure more efficient and cost effective by reducing unnecessary duplication of data.

History

In July 2009, Ash Ashutosh founded Actifio in Waltham, Massachusetts. The company started with four employees.[3] It launched its first product in the fall of 2011.[4]

In 2012 Gartner recommended Actifio in their Cool Vendor report and said its products facilitated cloud-based and offsite start and computing without the need to build secondary data centers. That year sales increased about 700 percent over 2011. By then end of 2012, Actifio had achieved five consecutive quarters of 500% year-on-year growth. In the fourth quarter of 2012 alone, Actifio did 62 deals with new clients with an average value of $210,000. In 2012, it was described as the fastest growing storage startup.[5]

Staffing increased from 50 in December 2011 to 120 in May 2012. As of May 2012, about a fourth of the company’s revenue came from Europe.