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SAN JOSE, Calif. - Oct 2, 2012 – Nimble Storage, the leading provider of flash-optimized, hybrid storage solutions, has been named to The Wall Street Journal’s The Next Big Thing list, chosen for its products and services that help businesses transform their datacenters with high-performance hybrid storage. The list seeks to identify and rank venture-backed companies across all industries that have the capital, executive experience and investor know-how to succeed. Nimble Storage was selected from a pool of nearly 6,000 companies and ranked based on proprietary data from Dow Jones VentureSource and input from Dow Jones VentureWire’s reporters and editors.

"Venture capital investors aren't just looking for successful companies, they are looking for explosive growth," said Alan Murray, deputy managing editor of The Wall Street Journal. “The Next Big Thing list highlights companies that have a chance of providing that kind of growth. They aren't sure bets; they are high-risk but potentially high-reward enterprises."

“2012 has been the year that flash was validated as a disruptive technology in the enterprise,” said Suresh Vasudevan, CEO of Nimble Storage. “The venture capital community has thrown its full support behind flash-based startups. We believe Nimble Storage has a differentiated approach, and we’re honored to be recognized on such a prestigious list for the second straight year.”

The Next Big Thing list is an annual ranking published by The Wall Street Journal. To be eligible for the ranking, a company must be based in the U.S., have raised an equity round of financing in the three years ended June 30, 2012, and have a valuation of $1 billion or less. Nimble’s ranking was calculated by applying a set of four financial criteria: the track records of success for both a company's founders and management; track records for the investors on its board; the amount of capital raised in the last three years; and the percentage of change in a company's valuation in the last year. The article cites Nimble’s acquisition of over 300 customers in less than 6 months as a key consideration in the ranking.