While the US labors through what seems to be one of the hottest summers on record, the withering effects of the dog days have had no impact on the increasing excitement around the data protection management space. In fact, our summary Q2 media scorecard shows that total interest in the space is up, way up in fact over Q1 by almost a double, as measured by the total number of articles published in the storage and related media. Great news quite literally as it shows that prospects, customers, partners, analysts and the media are all turning up the volume on the value of DPM solutions, the players, and technologies.
And while we are on the subject of volume, the numbers tell us that subscription pricing is a hit. Early in Q2, we launched BocadaNOW-- a program that combines simplified selling and deployment of our product with a straightforward subscription licensing model. As we said then, and continue to say now, simplified engagements with prospective customers enables us to rebate cost back to customers in the form of lower everday pricing via subscription. Gauging by our funnel activity, companies in the mid-market all the way to the enterprise are embracing subscription pricing and licensing as a way to reduce procurement and total out of pocket costs, while matching the timing of costs to the benefit of using our solution. And if Bocada continues to hold up our part of the bargain, we stand to benefit from recurring renewal revenue in the future. Keep watching this space for updates.
Drake

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