"January Effect" is alive and well
February 10, 2014 | Vas Vasiliadis
In the stock markets, the so-called "January Effect" is the increase in stock prices during the month of January that commentators attribute to investors buying stocks after having sold them during the previous December (usually for tax reasons). Unlike most January's, last month the markets experienced a steep drop—the Dow Jones Industrial Average lost 5.3% from its 2013 year-end level. But I'm happy to say that the January Effect is alive and well at Globus!
Of course, our service is not in any way related to the stock markets, but we do track usage very closely and all indicators were pointing up last month. Here are some highlights:
- Data moved in January: 2.83 petabytes - 280% growth over 2013!
- Registered users (as of Jan. 31): 14,255 - 81% year-over-year growth.
- Active users: 826 - 88% year-over-year growth.
- Top user moved 58.3 million files vs. 6.4 million files a year ago.
Even more importantly, we ended January with nine Globus Provider plan customers, after just a few months of promoting our new freemium model. Thank you to those institutions that are helping make Globus a sustainable service for non-profit research and educational use. Pundits are calling for another bullish year in the markets and we're equally bullish about the prospects for Globus.