Egnyte Announces Record-Breaking Year of Growth

Egnyte has reported a record-breaking year of growth in 2021. The company also announced the appointment of Alexa King, the former Executive Vice President for Corporate & Legal Affairs at FireEye, to its Board of Directors.

The company says, its record year included rapid growth in customers, partnerships, solution offerings, and personnel. The company ended 2021 with more than $150 million in annual recurring revenue (ARR), and added more than 200 new employees, bringing its total headcount to more than 900 employees globally. The company also opened a new office in India. The reseller channel’s reported ARR growth by 30%, and double ARR for biotech customers follows the successful launch of Egnyte for Life Sciences.

“Businesses face unprecedented IT and security challenges in today’s hybrid work environments, driving up demand for Egnyte’s cloud content management and protection solutions like we have never seen before,” said Vineet Jain, CEO and Co-Founder, Egnyte. “Alexa brings extensive experience helping technology companies navigate through periods of rapid growth, and we’re thrilled to have her join our Board at this time.”

King is an accomplished Silicon Valley leader with experience as both an executive and a board member of public and private companies. She has helped to grow and scale businesses from early-stage to multibillion-dollar companies, including the IPOs of FireEye and Aruba Networks, the sale of Siebel Systems to Oracle, and the rebranding of Mandiant. She is also a member of the board of directors of Vocera Communications, where she serves as Chair of the Nominating & Corporate Governance Committee and a member of the Compensation Committee.

“Digital content collaboration is an essential part of modern work, and, if not properly managed, all of these digital files and communications can pose a myriad of risks,” said King. “Having spent more than 25 years in the legal profession, and the last decade in cybersecurity, I was amazed to see how easy and turnkey Egnyte’s platform makes it to conduct e-discovery, prevent unlawful data deletion, and comply with highly-nuanced industry regulations, as well as privacy mandates at the local, national, and international levels. This is a game-changer for IT security,  legal, privacy and risk management teams at companies of all types and sizes. I am thrilled to be joining Egnyte’s Board at such an exciting time for the company.”

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