SOURCE: ClearCube Technology

May 06, 2008 08:00 ET

ClearCube Extends Market Leadership With Record Growth in 2007 and Exceptional Financial Performance in Q1 of 2008

Strong Demand From Government, Financial Services, Healthcare and Commercial Sectors Fuels Growth of ClearCube's High-Performance Centralized Desktop Computing Solutions

AUSTIN, TX--(Marketwire - May 6, 2008) - ClearCube, the market leader in centralized desktop computing solutions, today announced the company's latest successes with strong market demand, technology innovations, customer and partner success. ClearCube's continued leadership in the centralized computing space is demonstrated by the company's momentum in a series of corporate developments over the past year:

Strong Growth and Customer Success

--  VDIworks formation: ClearCube spun-off its software business as
    VDIworks [http://www2.marketwire.com/mw/release_html_b1?release_id=393771].
--  Significant financial success: ClearCube achieved 38 percent business
    growth in the second half over the first half of 2007, and 34 percent
    increase in net revenue in Q1 of 2008 over Q1 of 2007. As a result of this
    exceptional financial performance, ClearCube is tracking to achieve
    profitability goals in 2008.
--  Solid market presence across multiple verticals: ClearCube has
    thousands of customers around the world in the financial services,
    government, education, healthcare, commercial and manufacturing industries.
--  Exceptional customer success: 2007 marked outstanding customer growth
    among existing customers such as ABN Amro, Allianz Life Insurance,
    AtlantiCare, Chicago Mercantile Exchange, McConnell AFB, NATO, Tyndall AFB,
    Wachovia and many others.
--  Channel Partner Growth: ClearCube shifted to a 100 percent channel
    focus, launching a new Global Partner Program to meet increased market
    demand for centralized computing and connection brokering solutions
    worldwide. ClearCube solution partners increase revenues and profit margins
    by capitalizing on the rapidly growing demand for centralized computing
    solutions. Existing ClearCube customers benefit from enhanced support from
    both ClearCube and its partners.
    

"The ClearClube centralized computing solution has not only allowed us to ensure the required security and availability needed in our highly demanding environment, but it has allowed us to gain competitive advantage in the financial services marketplace through time-to-market with the performance of the solution," said Jason Scott, EMEA head of technology services, Wachovia. "With the ClearCube solution, we are able to meet and exceed the computing needs of both our traders, enabling them to focus their resources on serving our customers and driving revenue for the company."

Technology Innovation

--  Leading the virtual desktop wave: ClearCube was the first company to
    certify its PC Blade Solution for VMware Virtual Desktop Infrastructure
    (VDI) with VMware's ESX on ClearCube's R2200 blade. In addition, the
    company's virtual desktop management system is now hardware agnostic with
    Sentral, enabling virtual desktops delivered from other vendors' hardware.
--  Shattering the distance barrier inherent to PC blade computing: In
    2007, ClearCube introduced the I9400 series, user port devices that
    facilitate the first PC blade solutions to provide both dual- and quad-
    monitor, full-performance graphics via an IP connection over virtually
    unlimited distances. The company now offers a series of Teradici-based
    products that provide a high performance centralized computing experience
    over copper or fibre infrastructures.
--  Providing cutting-edge PC blade hardware: ClearCube has introduced new
    PC blade products, including the R1300, R2200, A1410 and R1350, which
    enhance the performance of centralized PC resources while allowing
    ClearCube's solutions to work in a wide range of demanding customer
    environments.
--  Earning industry accolades: ClearCube won the VMworld Gold Award for
    Best Desktop Virtualization Technology with Sentral 5.5.
    

"ClearCube is a clear innovator in centralized computing," said Michael Rose, research analyst at IDC. "The company demonstrated this throughout 2007 by introducing its Sentral VDI Management system and new PC blade hardware that enables high-performance computing functions while also looking to the future of centralized computing: desktop virtualization."

"CDW Healthcare has built its brand on delivering best-in-class technology and services to our customers," said Bob Rossi, senior director, CDW Healthcare. "ClearCube's innovative centralized desktop computing solutions extend our value into the healthcare segment, enabling provider organizations to simplify their IT management processes while equipping caregivers with access to critical patient data. We're pleased to partner with a technology firm who is continually refining their offerings to provide the market with the exceptional products and services our customers have come to expect from us."

New Management Team

ClearCube continues to be led by a seasoned executive team with extensive experience in companies at various stages, from start-ups to Fortune 500 companies.

--  Previously COO, Randy Printz, now president and CEO, will lead the
    company's product development, marketing, finance, sales and partner teams
    as ClearCube meets the growing market demand for its centralized computing
    solutions.
--  Doug Layne, worldwide vice president of sales and marketing, leads the
    team that provides customers the security, management and availability of
    ClearCube's solutions on a global basis using leading technology applied to
    the centralized computing space.
--  Jeana Thomas, senior director of alliances and channels, brings the
    software channel leadership to ClearCube that will take the company's
    channel programs to the next level and drive ClearCube's leadership
    position throughout strategic partnering communities.
    

"ClearCube's technology transformation -- in the desktop virtualization space -- and its vision of the centralized desktop computing needs from end-user experience to virtual machine management and connection brokering, have been the driving factors in our success," said Randy Printz, former COO and now president and CEO, ClearCube. "Record growth, the latest corporate developments, as well as, significant sales wins this year in the financial services, federal government and healthcare sectors will help ClearCube solidify its position as the undisputed centralized computing leader in 2008."

About ClearCube

ClearCube is the market leader of centralized computing and virtual desktop solutions. As the pioneer of centralized desktop computing, ClearCube provides solutions that span 1:1 power users to 1:many virtualized desktop environments, integrating connection broker software, blades, access devices and professional services to give organizations full control and flexibility over end-user computing. ClearCube's Sentral™ VDI Management System provides clients the ability to utilize any back-end hardware or user access device for desktop virtualization. Organizations deploying ClearCube gain improved manageability, 99.9 percent availability and hardened security while reducing support costs by more than 40 percent. For more information, visit its corporate website at www.clearcube.com.