SOURCE: Turbonomic, Inc.

Turbonomic, Inc.

November 10, 2016 10:19 ET

Former HP COO, Senior Microsoft Executive Bill Veghte Joins Turbonomic as Full Time Executive Chairman

Autonomic Cloud Platform announces it passed the 1600 customer mark, closed its 25th Consecutive Quarter of Record Growth

BOSTON, MA--(Marketwired - November 10, 2016) - Turbonomic today announced that Bill Veghte has assumed the role, full-time, of Executive Chairman. In addition, the company announced its 25th consecutive quarter of record growth, welcoming industry leaders such as Convergys, Morningstar, Macy's, and Ticketmaster to the Turbonomic family, as well as establishing key partnerships with BMC and HPE.

"I'm thrilled to welcome Bill Veghte to the Turbonomic team," said CEO Ben Nye. "Bill brings enormous industry experience, an incredible wealth of operating expertise in product, sales, marketing and services, coupled with great people leadership. Bill sees the opportunity that the customer momentum and Turbonomic platform afford, and will be a great addition to help us scale."

Veghte has helped build technology platforms, businesses, and teams for nearly three decades, helping build, market and sell iconic products such as Office, Windows and Windows Server, as well as serving as HP COO & EVP of its Enterprise business, SurveyMonkey CEO and on the board of technology leaders such as Xero.

"I love the transformative nature of software and helping enable it in the market," said Veghte. "With over 1600 customers managing millions of workloads, Turbonomic is well on its way to demonstrating the ability to dramatically improve IT efficiency and experience. Turbonomic has created an autonomic software platform, matching application demand with infrastructure supply, in real time, on-premises or in the cloud, regardless of the infrastructure or the lineage of the application. It's a remarkable technology and a wonderful group of people. I am excited to help them."

Customer Wins Drive 25 Quarters of Consecutive Growth

Turbonomic's recent quarter not only was the largest in its history in terms of revenue, but it was also its 25th consecutive quarter of record growth -- over six years of uninterrupted revenue growth. Turbonomic surpassed 1600 customers, adding enterprises such as Convergys, Morningstar, Macy's, and Ticketmaster to its customer family, along with repeat customers such as Fifth Third, KPMG, and Swisscom. Turbonomic was recognized as one of Inc. magazine's 500 fastest growing companies for the second year running, and was named to Forbes Cloud100 list. Today, Turbonomic is hosting its first annual Vision Summit in New York at the American Museum of Natural History, with CIO speakers from companies such as First Data and Verizon.

Two new partnerships with industry leaders Hewlett Packard Enterprise and BMC added to Turbonomic momentum in Q3. BMC is an OEM partnership, selling Turbonomic directly to its customer base, and the partnership with Hewlett Packard Enterprise is a technology one, integrating Turbonomic into HPE's industry leading OneView solution.

"One of the key challenges enterprises face today is how to optimize their existing application and infrastructure while they take strategic steps to digitally transform their businesses by leveraging multi-source cloud environments," said Shayne Higdon, President, Performance and Analytics at BMC. "The strong analytic modelling capabilities of BMC's TrueSight Capacity Optimization solution combined with Turbonomic's automation capabilities can turn the 'what ifs' into 'what is.' This partnership accelerates customers' digital transformations, and delivers the best possible application performance with the greatest infrastructure efficiency."

"Our customers are enabling their lines of business to move faster through an IT experience which is simple and provides them the tools to deploy apps and services faster, smarter and fearlessly," said Ric Lewis, Senior Vice President and GM, Converged Data Infrastructure, Hewlett Packard Enterprise. "Together, we are making it easier for customers to control private, hybrid and multi-cloud environments, while providing IT solutions that optimize their investments and power a new generation of applications."

Key Q3 FY2017 metrics include:

  • 25th consecutive quarter of record growth
  • Over 1600 customers with 2.8M workloads under management
  • Adding customers to the Turbonomic family from industries such as financial services, retail, healthcare, including Change Healthcare, Accident Fund, Carlyle Group, Global Brands, AAA Southern California, TrendMicro and Shoretel.
  • Strong repeat business from existing customers with transactions from Fifth Third, KPMG, Swisscom, 24x7, Principal Financial, CSC, Domino's Pizza, Sempra Energy, ULTA, Wayfair and Dimension Data, among others
  • Kicking off a key partnership with BMC -- where BMC is a Turbonomic OEM partner, selling Turbonomic directly to its Fortune 500 customers
  • Establishing a technology partnership with HPE, integrating with OneView to relate application demand with infrastructure supply in real time to assure OneView customers' performance, while enabling them to run their infrastructure in a more efficient manner
  • Sponsoring the first annual Vision Summit in New York at the American Museum of Natural History, with CIO speakers from First Data, Verizon, Shutterstock, Ansys and Skadden Arps

To learn more about Turbonomic, visit turbonomic.com

About Turbonomic

Turbonomic's autonomic cloud platform enables heterogeneous environments to self-manage to assure performance of any application in any cloud. Turbonomic's patented autonomic decision engine dynamically analyzes application demand and allocates the full supply chain of all shared resources to all applications in real time, to maintain environments continuously in a healthy state.

Launched in 2010, Turbonomic is one of the fastest growing technology companies in the virtualization and cloud space. Turbonomic's autonomic platform is trusted by thousands of enterprises to accelerate their adoption of virtual, cloud, and container deployments for all mission critical applications.

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