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Egnyte, Inc.
Company typePrivate
IndustryTechnology
Founded2007 in Mountain View, California
HeadquartersMountain View, CA
Key people
Vineet Jain (CEO),

Ian Whiting (President, Field Operations), Isabelle Guis (CMO), Rajesh Ram (VP, Product Management), 

Hakan Ancin (VP Engineering),
Amrit Jassal (CTO),
Steve Sutter (CFO),
Kris Lahiri (CSO)
Websitewww.egnyte.com

Egnyte provides Adaptive Enterprise File Services[1] for businesses. The company stands apart from other cloud-based file-sharing services by being able to store files on a company’s existing data center infrastructure, as well as cloud storage.[2] Egnyte integrates with any cloud, storage, device and business application, giving customers ultimate control of where their data exists.[3] That means companies can keep working with the gear they’ve invested in.[4] With its approach, Egnyte is trying to make itself as friendly as possible to both IT and end users, finding the perfect balance between the two.[5]

The company fits in the Enterprise File Sync and Share (EFSS) market and is expanding into File Management and Protection Markets.[6]

Some of the company's customers include: Cracker Barrel, Garda, H.D. Smith, IKEA, Red Bull, Tommy Hilfiger and Yerba Buena Center for the Arts.[7] In March 2015, the company announced that Red Bull adopted Egnyte enterprise-wide, replacing its incumbent solution Box.[8]

Egnyte currently employs more than 200 employees worldwide, and hired at the rate of two to three employees per week as of May 2014.[9]

Industry analyst firm Ovum released a report at the end of 2014 that placed Egnyte as a market leader, noting the company is well placed for the security-focused European market.[10]

History and Funding

Headquartered in Mountain View, California, Egnyte was founded in 2007 by a team of high-tech veterans and engineering experts, including former Valdero partners Vineet Jain, Amrit Jassal, Rajesh Ram, and Kris Lahiri.[11]

Egnyte is a privately funded company that most recently closed its $29.5 million Series D round from investors that included Seagate, CenturyLink, Northgate Capital, and prior investors Kleiner Perkins, Google Ventures and Polaris Partners.[12]

Egnyte also received funding in 2007 (seed round of $1M), 2009 (Series A of $6M), 2011 (Series B $10M), and 2012 (Series C $16M); total funding to date is $62.5M. The full list of investors include: Google Ventures, Kleiner Perkins Caufield & Byers, Floodgate Fund, Polaris Partners, Northgate, CenturyLink and Seagate.[13]

Products and Solutions

On January 20, the company launched its Adaptive Enterprise File Services, with the addition of Content Intelligence and Smart Reporting and Auditing services. Content Intelligence helps users understand how their files are being accessed and shared inside and outside of an organization and helps them adapt and optimize their content strategies and workflows. Smart Reporting & Auditing helps IT understand how information flows throughout the organization with reporting and analytics that empower IT to optimize infrastructure utilization and streamline operations. [14]

Egnyte’s software runs on storage hardware from vendors that include Netgear, Synology and NetApp, three companies with powerful, well-established sales relationships with other companies mulling their own move to the cloud.[15] The company has formed partnerships with a variety of cloud vendors, such as Amazon S3 and Google Cloud.[16]

Egnyte has chosen a middle ground where companies can use a combination of solutions and vendors, and they act as the glue between all of them, offering the best place to put a file, while giving administrators a full view of everywhere it’s been. As files move back and forth between the different storage locations, and get used across mobile devices, it’s especially important for administrators to be able to follow that trail if need be.[17]

Management Team

Vineet Jain, the CEO and co-founder of the company, previously founded Valdero, a supply chain software solution provider. Jain was named the 2010 Storage Superstar and was recognized as a 2010 Emerging Storage Vendor by CRN magazine.[18]

Industries Served

Egnyte serves customers in a variety of industries and has gained traction in the Architecture, Engineering and Construction (AEC) industry, naming Adolfson & Peterson, Balfour Beatty, Bowmer & Kirkland, Casey Industrial, Devcon, and PC Construction as some of the company's AEC customers that have adopted its solution.[19]

Media, PR and Advertising companies have also chosen Egnyte's solution for its hybrid architecture, and one of its customers M&C Saatchi noted its mobile division adopted Egnyte to get "the advantage of high-speed access locally...they can benefit with mobile phone ability to run an app, so it has improved collaboration across distances."[20]

See also

References

  1. ^ http://www.cmswire.com/cms/information-management/can-egnyte-snuff-boxs-ipo-fire-027769.php
  2. ^ http://venturebeat.com/2015/01/20/egynte-starts-using-data-to-take-guesswork-out-of-file-sharing-storage/
  3. ^ http://www.forbes.com/sites/benkepes/2015/01/20/egnyte-brings-intelligence-to-file-sharing/
  4. ^ http://venturebeat.com/2015/01/20/egynte-starts-using-data-to-take-guesswork-out-of-file-sharing-storage/
  5. ^ http://techcrunch.com/2015/01/20/egnyte-adds-file-auditing-and-intelligent-distribution-to-hybrid-storage-solution/
  6. ^ http://www.cmswire.com/cms/information-management/can-egnyte-snuff-boxs-ipo-fire-027769.php
  7. ^ http://www.forbes.com/sites/benkepes/2014/02/04/with-file-sharing-gaining-massive-attention-egnyte-seizes-the-global-opportunity/
  8. ^ http://www.forbes.com/sites/benkepes/2015/03/10/egnyte-steals-a-high-profile-customer-off-box-red-bull-wants-choice/
  9. ^ http://mountainview.patch.com/groups/small-business/p/tech-firm-egnyte-moves-into-new-30000sqft-headquarters-in-mountain-view#
  10. ^ https://www.business-cloud.com/articles/news/re-egnyting-flame-construction-and-development-group-chooses-egnyte
  11. ^ http://venturebeat.com/2013/09/06/vineet-jain-profile/
  12. ^ http://techcrunch.com/2013/12/11/egnyte-takes-on-29-5m-in-new-capital-to-grow-its-enterprise-cloud-file-storage-business/
  13. ^ http://www.crunchbase.com/organization/egnyte
  14. ^ http://www.forbes.com/sites/benkepes/2015/01/20/egnyte-brings-intelligence-to-file-sharing/
  15. ^ http://recode.net/2014/05/23/egnyte-barges-into-crowded-corporate-cloud-business/
  16. ^ http://techcrunch.com/2015/01/20/egnyte-adds-file-auditing-and-intelligent-distribution-to-hybrid-storage-solution/
  17. ^ http://techcrunch.com/2015/01/20/egnyte-adds-file-auditing-and-intelligent-distribution-to-hybrid-storage-solution/
  18. ^ Kovar, Joseph F. (21 June 2010). "2010 Storage Superstars". CRN. Retrieved 17 September 2010.
  19. ^ https://www.business-cloud.com/articles/news/re-egnyting-flame-construction-and-development-group-chooses-egnyte
  20. ^ http://www.computing.co.uk/ctg/news/2372068/m-c-saatchi-switches-from-google-cloud-to-egnyte-for-better-microsoft-integration

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