Thru’s 2015: Capitalizing on Its Niche Takes EFSS Platform to Next Level
Irving, TX, April 19, 2016 — (Business Wire) — Thru, Inc., a leading enterprise file sync and share (EFSS) company, was consistently the leading file sync and sharing solution choice among top technology companies in 2015, resulting in a stellar financial year for the company.
“Our greatest asset is our ability to custom-engineer solutions to solve complex and large file sharing needs like those at high tech companies,” says Lee Harrison, Thru CEO. “That is what sets us apart from our out-of-the-box solution competitors and it’s the reason leading analysts have positioned us next to Microsoft, Google and Box.”
Thru has focused on solving complex, mission-critical file sharing needs for industry leaders such as EMC, VMware and Vocera by leveraging the power of its platform. This strategy has given Thru a unique advantage with the resulting pricing power and integration stickiness of its platform.
Financial trends for 2015 were consistent with planning projections. The company continued its pivot to the high tech vertical; technology and electronics companies accounted for 49 percent of revenue in FY2015.
Fiscal Year 2015 Highlights
- Increased gross margins to record 82 percent
- New contract bookings grew by 173 percent compared to FY2014
- GAAP revenues increased by 38 percent year over year
- New contracts and uplifts to existing contracts represented 47 percent of revenue
Thru received strong analyst recognition in 2015 from Forrester and Gartner. The company was named a Niche Player in Gartner’s “Magic Quadrant for Enterprise File Synchronization and Sharing” in July 2015. Its EFSS mobile app ranked highly over mega-vendors like Microsoft, Google and Box.
Thru’s file exchange platform, with its expansive integration capability and global presence, unshackles the limits on the most challenging managed file transfer, software delivery and content collaboration requirements on a single platform.