Looking Back & Moving Forward: Nasuni’s Banner 2024 Fiscal Year

As we close the books on 2024, I want to take a moment to reflect on what has been a truly remarkable year in Nasuni history — one defined by growth, innovation, and an unwavering commitment to our customers.

It’s not every day that you come across an innovative technology company, growing 26% annually, while expanding profitability and closing a majority investment at a $1.2 billion valuation from some of the best private equity investors in the world – all while continuing to redefine the future of hybrid cloud file data management. Yet, that was our 2024. And 2025 will be even better.

Driving Business Impact at Scale

The volume of unstructured data in enterprises continues to surge, and businesses need modern solutions to stay ahead. In 2024, Nasuni rose to that challenge. Our platform delivered significant cost savings, IT resilience, and operational efficiency for over 850 enterprise customers around the world — including Dyson, Boston Scientific, the State of Arizona, Autodesk, Tetra Tech, and Mattel. And, better yet, over half of our customers deepened their investments in the Nasuni File Data Platform. They expanded on the services we deliver to them, underscoring the trust and value we bring to organizations worldwide.

Here’s a high-level view of where we landed at the end of 2024:

• Steady revenue growth of 26% YoY, while remaining cash flow positive
• Over 500 petabytes of storage under management
• Over 600 expansions across more than half of our customer base
• Closing the biggest TCV deal in the history of the company (a 6-year, $46M contract!)

Additionally, our success can be measured by the accolades we’ve received. In 2024, Nasuni was honored with its fourth NorthFace ScoreBoard Service Award for exceptional customer experience and ranked #1 in G2’s Winter 2025 Enterprise Grid Report for Cloud File Storage. These recognitions are a direct reflection of our relentless focus on customer satisfaction and product excellence.

A Year of Game-Changing Innovation

Technology never stands still, and neither do we. In 2024, we introduced groundbreaking enhancements to our platform, making unified file data management more intelligent, scalable, and AI-driven than ever before. Some of our most exciting advancements include:

• AI Integrations: Deeper compatibility with Microsoft Copilot to drive real-time data insights and enterprise intelligence.
• Nasuni IQ: A powerful new data intelligence tool that enables AI-driven workflows and smarter data management decisions.
• An Enhanced Partner Ecosystem: A reimagined partner program that empowers channel partners to tap into the $145 billion hybrid cloud market.

On top of all this, our business model continues to demonstrate remarkable strength, with a best-in-class gross revenue retention rate of 97.3%. These achievements reflect the resilience of our strategy and the increasing demand for scalable, secure, and cost-effective cloud file data solutions.

Charting the Future

As we look to 2025 and beyond, we are fueled by the momentum of a record-breaking year and the backing of an excellent team at Vista Equity Partners. This partnership has opened new doors for Nasuni, accelerating our innovation, expanding our global footprint, and reinforcing our mission to empower enterprises with the best file data solutions in the industry.

The future is bright, and we are more committed than ever to helping businesses harness the power of their data. Thank you to every single one of our customers, employees, and partners for being part of this journey.

Our feet are on the pedal, and we are ready to make 2025 our most extraordinary year yet.