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Egnyte

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

Isabelle Guis (CMO/CSO), Rajesh Ram (Chief Customer Officer), Amrit Jassal (CTO), Steve Sutter (CFO), Kris Lahiri (CSO), Ian McEwan (VP & GM, EMEA),

Bob Patel (VP, Enterprise Sales)
Websitewww.egnyte.com

Egnyte is a company that provides Adaptive Enterprise File Services[1] for businesses. The company differentiates itself 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 numerous clouds, storage, devices and business applications to give customers control of where their data exists.[3] That means companies can keep working with the hardware they have invested in.[4]

The company fits in the Enterprise File Sync and Share (EFSS) market and is expanding into File Management and Protection Markets.[5] In July 2015, Gartner named Egnyte a Visionary in its annual Magic Quadrant for the EFSS market. Egnyte was the only company that advanced into a new quadrant.[6]

Some of the company's customers include: Cracker Barrel, Garda, H.D. Smith, IKEA, Red Bull, Tommy Hilfiger, Yerba Buena Center for the Arts and PCL Constructors Inc.[7]

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.[8]

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.[9]

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.[10]

Products and Solutions

On January 20, 2015, 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. [11]

Egnyte’s software runs on storage hardware from vendors that include Netgear, Synology and NetApp.[12] The company has formed partnerships with a variety of cloud vendors, such as Amazon S3 and Google Cloud.[13]

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 important for administrators to be able to follow that trail if need be.[14]

In March 2015, the company unveiled its Egnyte for Google Apps solution that allows customers to move files between Google Drive and their own on-premises infrastructure. Google Apps administrators can set up the integration and then manage permissions (either from the Google Admin control or within Egnyte); they can assign permissions across users, groups, storage and collaboration. Users get the same folder structure and control paradigm and don’t need to wrangle multiple user experiences.[15]

Egnyte also unveiled a new suite of mobile apps in May 2015 for all platforms, including the Apple Watch, that enables enterprise users to access, manage and share online and offline data from both cloud and on-premises storage.[16]

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.[17]

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.[18]

Media, PR, Entertainment 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."[19] Designvox, a design firm in this industry, leverages the Egnyte for Google Apps solution and notes "it has become the way we work."[20]

Commentary from Industry Analysts

In July 2015, Gartner named Egnyte a Visionary in the 2015 EFSS Magic Quadrant.[21]

In January 2015, analyst Craig Wentworth from MWD Advisors was quoted saying: "Everyone draws a line around EFSS in a slightly different shape, depending on what else they’ve got going on (and with whom) at the time. But if your scenario involves a hybrid infrastructure, one you’d welcome some dedicated analytics assistance in monitoring and optimizing (and would rather not have to expose and integrate a plethora of third-party tools in order get it), then Egnyte’s new play could just represent the right all-in-one solution for you."[22]

Analyst Eric Slack from Storage Switzerland also wrote about Egnyte (in January 2015): "Users want everything available, everywhere in a simple platform that integrates with the applications they use – Google Apps, MS Office, etc. On the other hand, IT wants everything controlled in an efficient, cost-effective solution that doesn’t add complexity and integrates with their existing infrastructure. Egnyte has been able to satisfy both of these divergent sets of requirements and is now taking a next step, so to speak."[23]

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.[24]

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://www.cmswire.com/cms/information-management/can-egnyte-snuff-boxs-ipo-fire-027769.php
  6. ^ http://www.cloudcomputing-news.net/news/2015/jul/27/gartners-enterprise-file-sync-and-share-magic-quadrant-offers-surprises-and-opportunities/
  7. ^ http://www.forbes.com/sites/benkepes/2014/02/04/with-file-sharing-gaining-massive-attention-egnyte-seizes-the-global-opportunity/
  8. ^ http://venturebeat.com/2013/09/06/vineet-jain-profile/
  9. ^ http://techcrunch.com/2013/12/11/egnyte-takes-on-29-5m-in-new-capital-to-grow-its-enterprise-cloud-file-storage-business/
  10. ^ http://www.crunchbase.com/organization/egnyte
  11. ^ http://www.forbes.com/sites/benkepes/2015/01/20/egnyte-brings-intelligence-to-file-sharing/
  12. ^ http://recode.net/2014/05/23/egnyte-barges-into-crowded-corporate-cloud-business/
  13. ^ http://techcrunch.com/2015/01/20/egnyte-adds-file-auditing-and-intelligent-distribution-to-hybrid-storage-solution/
  14. ^ http://techcrunch.com/2015/01/20/egnyte-adds-file-auditing-and-intelligent-distribution-to-hybrid-storage-solution/
  15. ^ http://www.forbes.com/sites/benkepes/2015/04/07/helping-google-move-beyond-the-public-cloud-egnyte-for-private-google-drive/
  16. ^ http://www.computerworld.com/article/2924117/wearables/cio-yet-another-reason-to-budget-for-an-apple-watch.html
  17. ^ Kovar, Joseph F. (21 June 2010). "2010 Storage Superstars". CRN. Retrieved 17 September 2010.
  18. ^ https://www.business-cloud.com/articles/news/re-egnyting-flame-construction-and-development-group-chooses-egnyte
  19. ^ http://www.computing.co.uk/ctg/news/2372068/m-c-saatchi-switches-from-google-cloud-to-egnyte-for-better-microsoft-integration
  20. ^ http://www.forbes.com/sites/benkepes/2015/04/07/helping-google-move-beyond-the-public-cloud-egnyte-for-private-google-drive/
  21. ^ http://www.cloudcomputing-news.net/news/2015/jul/27/gartners-enterprise-file-sync-and-share-magic-quadrant-offers-surprises-and-opportunities/
  22. ^ http://www.mwdadvisors.com/blog/2015/01/egnyte-integrates-analytics-to-optimise-file-sharing-and-collaboration.html
  23. ^ http://storageswiss.com/2015/01/29/egnytes-content-intelligence-extends-value/
  24. ^ https://www.business-cloud.com/articles/news/re-egnyting-flame-construction-and-development-group-chooses-egnyte


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