StorMagic achieves 36% ARR growth and celebrates multiple achievements despite market hardware constraints in fiscal year 2026
This is a Press Release edited by StorageNewsletter.com on April 16, 2026 at 2:01 pmStorMagic, simplifying on-site virtualization, is celebrating two decades of innovation, as demand accelerates for simple, cost-effective alternatives to traditional virtualization 
Fueled by this market shift, the company achieved 36% annual recurring revenue (ARR) growth over the past fiscal year (April 1, 2025 – March 31, 2026) while expanding both its global salesforce and partner ecosystems. As organizations seek
Founded in 2006, StorMagic is now celebrating its 20th anniversary of enterprise edge innovation and the global partnerships behind it. StorMagic has always been focused on helping organizations simplify their edge stack, reduce costs and take control without sacrificing flexibility, scalability or reliability. Today and beyond, that focus includes helping customers create a foundation for innovation post VMware, extend the life of existing hardware, plan for AI workloads, and regain control of edge infrastructure strategies and budget through virtualization.
“This year, two market conditions began to drive customers to consider virtualization
Company Momentum
Key achievements for fiscal year 2026 include:
- 36% ARR growth
- Executive leadership expansion included the promotion of Susan Odle as CEO; and the additions of Scott Mannas SVP Worldwide Sales and John Serino as VP Marketing
- StorMagic’s non-executive board of directors welcomed virtualization
industry veteran Dave Hallmen to the Board
Product Updates
- Four SvHCI releases (2.0–2.3) introduced features including snapshots, improved VM import/export, and stretch cluster capability
- New SvSAN version 6.7, providing updated compatibility with the latest hypervisors and performance improvements
Partnerships
StorMagic’s channel-first commitment continues to expand its partner ecosystem, including:
- Launch of StorMagic’s new global partner program and new partner portal
- Global partnership with HiveRadar
- EMEA-wide distributor agreement with QBS Technology Group
- Global OEM agreement with SNUC
- Virtual-OEM collaboration with HPE
- Partnership with switch manufacturer Mako Networks
Marketing Momentum
- Complete corporate rebranding
- Launched the PodMagic podcast
StorMagic’s solutions were recognized across 12 industry award programs, including wins and finalist placements in the Globee Awards, DCS Awards, MSP Channel Awards, Network Computing and the Data Breakthrough Awards, with recognition spanning edge computing, storage innovation and data virtualization.
The company and its executives were also recognized across 11 award programs, including honours from CRN, Network Computing and G2, with awards highlighting leadership, customer service, channel excellence and overall company performance.
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