Object First Reports Remarkable Growth in 2024 Bookings

Object First Reports Outstanding Year-Over-Year Growth

Object First, known for its innovative product Ootbi, has set new benchmarks in growth for 2024. The company recently unveiled its impressive performance metrics, achieving a staggering increase in worldwide bookings. Specifically, Object First recorded a **389% year-over-year** rise, marking a significant stride compared to previous years. This remarkable growth comes in response to the increasing market demand for robust and reliable data protection solutions amidst rising ransomware threats.

Incredible Booking Stats for Q4

During the fourth quarter of 2024, Object First's worldwide bookings surged by an impressive **294%** compared to the same period in the previous year. What stood out even more was the triple-digit growth in larger deal sizes, indicating a broad acceptance and trust in their unique approach to data protection solutions.

Leadership Praise and Prospects

CEO David Bennett expressed his gratitude for the trust placed in Object First by its customers and partners. He stated, "Our success in 2024 is a testament to the trust our customers and partners place in us, and the value Object First delivers. More organizations are recognizing the importance of secure, user-friendly data protection solutions like our Ootbi appliances, which continue to stay ahead in offering genuine immutability and ease of use. With this momentum, we are better positioned for extraordinary accomplishments in 2025."

Review of Customer and Partner Growth

Reflecting on its customer and partner engagement, Object First proudly announced a **374% year-over-year** increase in its global customer base. The partner ecosystem also saw a remarkable boost, with a **262%** growth in transacting partners over the same time frame. This substantial increase reflects the company's increasing influence and reputation in the data protection arena.

New Partnerships and Market Expansion

The year has been eventful for Object First as it welcomed new partnerships that significantly enhanced its presence worldwide. For example, T-note emerged as the company's first Platinum Partner in LATAM. Meanwhile, in regions like EMEA, Object First experienced a substantial rise in partners, with some numbers approaching quadrupling. Noteworthy new partnerships included organizations like Axians and DMS in the UK, as well as collaborations with companies like ContecNow and Seidor Soluciones Globales in Spain.

Highlights and Customer Success Stories

One of the company's notable achievements this year came from a customer experience shared by John Lawrence, a Network Administrator at WCTEL. He commented on the effective deployment of Ootbi prior to a hurricane, highlighting its user-friendly installation and reliability, which showcases the appliance's efficiency in high-pressure scenarios.

Feedback from Industry Partners

Object First's reputation is further solidified through feedback from its partners. For instance, Jordi Pera, Cloud & Infrastructure Sales Manager at ContecNow, emphasized the product's alignment with their security needs, noting, "Ootbi’s focus on immutability and advanced security makes it the ideal choice for enhancing our data protection strategy." This sentiment speaks volumes about the trust and reliance placed on Object First's offerings.

Major Milestones Achieved in 2024

The year 2024 has not been just about growth; it has also marked several significant milestones for Object First. The company inaugurated a new office in Barcelona, showcased its commitment to expansion by hiring **104 new employees** across twelve countries. Additionally, the business successfully executed five product releases, including a Virtual Storage Appliance that is already proving invaluable for hands-on labs conducted in collaboration with Veeam.

A Commitment to Security

Object First's dedication to security has been further reinforced by completing two rounds of independent testing with security partner NCC Group. As part of its strategic initiatives, the company also signed the Secure by Design pledge created by CISA, further demonstrating its commitment to providing secure solutions.

Acknowledgement from the Industry

The industry's recognition of Object First's achievements is evidenced by the numerous prestigious awards won in 2024, including entries on the CRN Storage 100 list and accolades for women in tech leadership. This recognition highlights Object First's continued innovation and leadership in the field of data protection.

About Object First

Object First provides Ootbi, a ransomware-proof, immutable backup storage solution suited for Veeam customers. The Ootbi appliance is localized, quick to install, and powered up in just **15 minutes**. Focused on immutable object storage technology, Ootbi eliminates performance sacrifices while offering unbeatable backup and recovery targets, catering to diverse organizational needs.

Frequently Asked Questions

What is Object First known for?

Object First is recognized for its Ootbi product, a secure and efficient solution for ransomware-proof backup storage tailored for Veeam customers.

How much did bookings increase for Object First in 2024?

The company achieved an impressive **389%** year-over-year increase in its worldwide bookings for 2024.

What notable growth did the company experience in its customer base?

Object First saw its global customer base expand by **374%** year-over-year in 2024 compared to 2023.

What partnerships were added in 2024?

The company established new partnerships including T-note, Axians, DMS, Insight, ContecNow, and Seidor Soluciones Globales.

How is Object First involved in industry recognition?

Object First received numerous awards in 2024, including listings in CRN Storage 100 and awards for women leaders in technology.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. If any of the material offered here is inaccurate, please contact us for corrections.