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Technology Stocks : Nimble Storage

NMBL 12.49

0.0%

Aug 17 5:00 PM EST

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From: JakeStraw	11/5/2014 9:14:45 AM
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Nimble Storage Delivers Choice and Control With Industry's First Utility-Based Storage on Demand Pricing Model finance.yahoo.com New Pay-As-You-Go Model Scales Performance and Capacity Inline with Requirements; Monthly Billings Increase or Decrease based on Actual Usage The economics associated with acquiring storage in cloud environments have historically been rigid and costly for customers yet highly lucrative for storage vendors. Customers typically pay up-front with capital expenditures or long-term leases and wind up paying a premium for unused storage while incurring incremental expenditures to increase storage capacity and performance as requirements change over time. Unlike competitive "on-demand" storage offerings designed to lock-in customers with multi-year subscription contracts that include fixed costs and configurations, Nimble's Storage on Demand utility pricing model is based on the customer's actual usage. By leveraging InfoSight, Nimble's powerful and intuitive cloud-based management and support engine, cloud operators can manage and monitor storage and service levels from a single Web browser thereby eliminating the guesswork associated with storage management. Nimble Storage on Demand customers select from one of four service level performance tiers, from high-performance Platinum to capacity-optimized Bronze, and are billed monthly on an economical cents per gigabyte basis for actual usage. Deep data analytics from InfoSight are used by Nimble to ensure that customers always have enough performance and buffer to maintain service levels. Nimble automatically ships additional performance or capacity to a customer, before it is needed, and at no additional cost to the customer. Monthly billing amounts increase or decrease based on actual usage.

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