For the past month or so, we have been extremely busy working on several product enhancements with a major product release planned for in the immediate future. We closed the funding round at end of July and are now gearing up for scaling the infrastructure to handle petabytes worth of storage. We crossed one minor milestone of 100TB of storage several months back.

Businesses are adopting more cloud based solutions and we find interesting competitive dynamics depending on the size of the company. Needless to say, enterprise class solutions show up invariably in almost every situation where the average seat size is 40 or higher. However, their complexity and management overhead enables Egnyte to win in 2 out of 3 times.

The Local Cloud product continues to gain traction and more is being asked of this product. We are working feverishly to enhance the initial capabilities. In another fifteen days we will start releasing some obvious and some not so obvious improvements.

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