Scality accelerates with record-breaking Q4 and 30% YoY annual growth in 2020

Scality, the object storage pioneer, achieved worldwideannual growthof 30% year over year, successfully navigating an unprecedented 2020 with the largest quarterly revenue results in the company's 10-year history. Results were fuelled by ever-increasing customer demand for large-scale data management solutions in hybrid and multi-cloud environments, the company announced today.

Scality's enterprise customers now span 43 countries across multiple industries, including healthcare, financial services, cloud service providers, government agencies and media content deliverers. Customer investments grew the most in the areas of all-flash file and object storage solutions, as well as S3 hybrid-deployments across AWS, Microsoft Azure and Google Public Cloud.

Customer expansion was accompanied by significant wins in the form of some of the largest enterprise deployments inScality's history. In 2020,Scalitywas selected by:

A top five U.S. bank for a major long-term financial analytics solution using RING for a large Splunk SmartStore analytics workload with HPE Ezmeral and GreenLake

A major U.S. medical imaging service provider that will use RING to support long-term storage requirements for thousands of patients

Irish Prison Service to secure the health and safety of inmates and staff with a multi-petabyte storage solution for video storage and maintenance

National Library of Spain for backup and archiving, putting Scality RING at three national libraries across the globe

KADOKAWA Connected to power seamless data streaming for a leading video-sharing platform

Jerome Lecat, CEO,Scality, said: In 2020 customers entrusted us with their most valuable asset, their data.As they faced accelerated digital transformation,Scalityworked tirelessly to make data more accessible for faster, smarter business decisions.Moving into 2021, we remain committed to being a source of continued stability and innovation despite fluctuating headwinds.

Jason Donohue, chairman of the board,Scality, said: Investors committed $20M in new financing toScalityfor investment in R&D, customer support and sales. WithScalitynow funded to profitability, this new financing gives the company the push it needs to continue on its long-term, rapidgrowthcurve. Along with its impressivegrowthlast year,Scalitycame much closer to profitability in 2020 and, with this new investment, we anticipate the company will reach profitability in 2021.

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