TechnoBind Doubles Revenue; Bets Big on Cloud, Software-Defined Storage

BANGALORE: TechnoBind, specialized distributor for data and the associated domains, announced that the company recorded an impressive 100 percent growth in revenue in financial year 2016-17. The company also revealed its go-to-market plans for FY 2017-18, with an ambitious goal to achieve a two-fold increase in its top-line.

TechnoBind is the first specialist distributor in the Indian IT channel space for data, with unique offerings around Data Storage, Data Protection, Data Management and Data Security. It currently has partnerships with more than 400 enterprise channel partners and is aiming at expanding its partner network further in new markets and Tier-2 and 3 cities.

"Last fiscal was an important phase in our growth journey as we forayed into new segments in storage, signed new partnerships, while focusing strongly on the enterprise segment in the country. We witnessed a tremendous growth in software-defined storage and hybrid data storage. We significantly strengthened our technical and sales force in the last fiscal, and were privileged to be recognized with awards for our services in various markets," said Prashanth GJ, CEO at TechnoBind.

BFSI, Pharma, Retail, e-commerce, Hospitality, Government and Education are the key focus verticals and revenue contributors for the company in India. On the solution side, TechnoBind won major deals in the areas of Software Defined Storage, Enterprise Backup as well as End-Point Backup and Security solutions like Encryption and IRMS in FY 2016-17.

"This year, cloud, mobility and software- defined-storage will be our core areas of focus. We are in the process of building a set of services with our partners around these technologies, which will help them accelerate market adoption," added Prashanth.