ExaGrid on track to go public in 2010

Vendor looks to channel to fulfil its floatation aims

Floating up: ExaGrid is on track to go public by 2010

Deduplication vendor ExaGrid is looking to strengthen its European partner base to further drive its ambition of going public by 2010.

Currently partnering with distributor Zycko, the US-based vendor touched down in the UK in September with the aim of reaching an annual turnover of $100m (£66m) by 2010.

Andy Palmer, EMEA sales director for ExaGrid, said the firm is on track to reach its target.

“We had a record fourth quarter last year and again in Q1, which ended March,” he said. “We are on track, but would like to double our UK partner base over the next few months.”

ExaGrid partners with five UK resellers, but works regularly with 10 VARs throughout the country. It recently won a deal with Ipswich Borough Council in partnership with service provider Clunk Click.

“We will continue to win against our rivals and have more than 100 success stories on our web site now,” claimed Palmer.