September 25, 2016 5:39 PM ET

Technology Hardware, Storage and Peripherals

Company Overview of Nimble Storage, Inc.

Company Overview

Nimble Storage, Inc. provides flash storage platforms primarily in the United States. The company’s storage systems and software enhance the performance of a range of business applications and workloads, including virtual servers and desktops, databases, email, collaboration, and data analytics. It offers AF-Series All Flash arrays and CS-Series Adaptive Flash arrays that provide performance for high-I/O applications, including Oracle, SharePoint, SQL Server, SAP HANA, Exchange, virtual desktop infrastructure, and server virtualization. The company also provides Unified Flash Fabric that enables IT organizations to deploy and manage AF-Series All Flash arrays and CS-Series Adaptive Flash arr...

211 River Oaks Parkway

San Jose, CA 95134

United States

Founded in 2007

1,104 Employees

Phone:

408-432-9600

Key Executives for Nimble Storage, Inc.

Chairman, Chief Executive Officer and President
Age: 45
Total Annual Compensation: $375.0K
Founder and Chief Technology Officer
Age: 47
Total Annual Compensation: $280.0K
Founder, Vice President of Product Operations and Director
Age: 54
Total Annual Compensation: $280.0K
Chief Financial Officer
Age: 46
Total Annual Compensation: $300.0K
Vice President of Worldwide Alliances
Age: 49
Total Annual Compensation: $190.0K
Compensation as of Fiscal Year 2016.

Nimble Storage, Inc. Key Developments

Nimble Storage Unveils App-Centric Functionality for Predictive Flash Platform

Nimble Storage, Inc. has unveiled a comprehensive suite of features for Nimble Predictive Flash platform. The Nimble Predictive Flash platform allows IT to deliver applications confidently with Quality of Service (QoS) and secure multi-tenancy across VMware, OpenStack, KVM and now Docker Containers. With app-centric management within InfoSight Predictive Analytics businesses now have more visibility and control of application performance. App-based Storage on Demand provides a cloud-like pricing model where enterprises only pay for the storage consumed by each application. This app-centric approach provides greater predictability and ease of management for applications across the enterprise. Quality of Service and Secure Multi-Tenancy Deliver Predictable Application Performance To meet application service level agreements (SLAs), Nimble Storage enables customers to consolidate infrastructure and easily manage applications with predictable performance through secure multi-tenancy and QoS. Multi-tenant storage allows secure application management and isolation while QoS prevents rogue workloads from impacting critical applications. Businesses want the flexibility to deliver applications using the framework of their choice without increased complexity. Nimble now supports native persistent storage for Docker Containers. Nimble already delivers app-level granularity through VMware VVols and native support for OpenStack Clouds. The depth of the app-centric integration across these platforms -- policy-based application provisioning, clones, snapshots, replication and encryption -- is the core of modern application delivery support. Nimble Storage InfoSight VMVision gives customers clear visibility across the storage-to-VM infrastructure stack. VMVision allows organizations to automatically identify noisy VM neighbors by narrowing down the exact application that is draining resources from other workloads. Where traditional storage based insights do not provide granular data for capacity planning and forecasting, VMVision provides IT with app-level capacity data for accurate storage planning. Nimble Storage on Demand ensures users only pay for the application storage that they use, whether usage goes up or down. Now customers can consume storage based on application usage exactly as they do in a cloud environment.

Nimble Storage, Inc. Announces New Features for Cloud Service Providers to Offer Premium App-Centric Services

Nimble Storage, Inc. announced new features for Cloud Service Providers (CSPs) to offer premium app-centric services to customers. The Predictive Flash platform has become a defacto storage standard within more than 500 CSP environments, including SaaS and IaaS companies. The new app-centric approach allows CSPs to take advantage of Quality of Service (QoS), secure multi-tenancy, and app-based Storage on Demand pricing to drive a competitive edge with efficient operations and app-specific offerings. The new CSP Partner Program allows partners to access a broader customer ecosystem. Leveraging the power of the Predictive Flash platform allows CSPs to offer premium services with leaner operations. Nimble now enables CSPs to consolidate infrastructure and easily manage applications with predictable performance through secure multi-tenancy and QoS. Multi-tenant storage allows CSPs to securely isolate end-customers and applications, while QoS prevents rogue workloads from impacting critical applications. The Predictive Flash platform allows CSPs to streamline operations and lower infrastructure costs. Leveraging the power of predictive analytics and machine learning CSPs can reduce operational complexity and focus on offering premium services. With Nimble's new app-based pricing for Storage on Demand, CSPs now only pay for the storage their customers use whether consumption goes up or down. Nimble takes responsibility for providing the appropriate storage devices suited to the app-specific SLA. CSPs are only billed monthly for the actual application storage usage, starting from 6.8 c per GB per month for All Flash storage. The CSP Partner Program is a two-tier partner program that offers certifications, discounts and ecosystem expansion to help drive profitable growth. CSPs in the program can leverage joint sales, technical and marketing investments to extend into Nimble's broad ecosystem of customers and partners.

Nimble Storage, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended July 31, 2016; Provides Earnings Guidance for the Third Quarter and Full Year of Fiscal 2017

Nimble Storage, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended July 31, 2016. For the quarter, the company reported total revenue of $97,111,000 compared to $80,109,000 a year ago. Loss from operations was $39,320,000 against $29,503,000 a year ago. Loss before provision for income taxes was $39,612,000 against $29,821,000 a year ago. Net loss was $39,950,000 against $30,109,000 a year ago. Net loss per share, basic and diluted was $0.47 against $0.38 a year ago. Net cash used in operating activities was $4,069,000 against net cash provided by operating activities of $14,876,000 a year ago. Purchase of property and equipment was $5,002,000 against $5,901,000 a year ago. Non-GAAP net loss was $16,087,000 against $7,788,000 a year ago. Non-GAAP net loss per share was $0.19 against $0.10 a year ago. Adjusted LBITDA was $10,359,000 against $3,935,000 a year ago. Non–GAAP free cash out flow was $9,071,000 against free cash inflow of $8,975,000 a year ago. Non-GAAP operating loss was $15.5 million for the second quarter of fiscal 2017, compared to a loss of $7.2 million in the second quarter of fiscal 2016. For the six months, the company reported total revenues of $183,528,000 compared to $151,397,000 a year ago. Loss from operations was $81,534,000 against $58,421,000 a year ago. Loss before provision for income taxes was 81,977,000 against $58,595,000 a year ago. Net loss was $82,632,000 against $59,095,000 a year ago. Net loss per share, basic and diluted was $0.99 against $0.76 a year ago. Net cash used in operating activities was $12,367,000 against net cash provided by operating activities of $6,569,000 a year ago. Purchase of property and equipment was $11,778,000 against $13,958,000 a year ago. Non-GAAP net loss was $36,222,000 against $15,789,000 a year ago. Non-GAAP net loss per share was $0.43 against $0.20 a year ago. Adjusted LBITDA was $25,109,000 against $8,480,000 a year ago. Non–GAAP free cash out flow was $24,145,000 against $7,389,000 a year ago. For the full year 2017, the company expects annual non-GAAP operating margin in the range of negative 11% to negative 17%. For the third quarter of fiscal 2017, the company expects total revenue of $100.0 million to $103.0 million. At the mid-point, this translates into revenue growth of 26% from a year ago. Non-GAAP operating loss is expected to be in the range of $14.0 million to $16.0 million. At the mid-point, this translates into non-GAAP operating margin of negative 15%. Non-GAAP net loss is expected to be in the range of $0.17 to $0.19 per share, based on weighted average basic shares outstanding of approximately 86.0 million.

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