SOURCE: ProfitBricks

ProfitBricks

May 16, 2013 09:00 ET

ProfitBricks Selected as Finalist for MIT Sloan CIO Symposium's Innovation Showcase

CAMBRIDGE, MA--(Marketwired - May 16, 2013) - The 10th Annual MIT Sloan CIO Symposium has announced ProfitBricks as one of ten finalists for the 2013 Innovation Showcase as its industry's first, true virtual datacenter represents a cutting edge B2B solution that combines strong value and innovation to enterprise IT. ProfitBricks will receive key exposure to many of the world's most creative and influential IT executives at the Symposium on May 22, 2013.

After careful consideration, the Innovation Showcase Judges, (consisting of MIT faculty, entrepreneurs, and early-stage investors) chose ProfitBricks as it:

  • Is a start-up with less than $10 million in 2012 revenue or Series A VC funding
  • Is selling B2B or B2C enterprise IT solutions to CIOs or corporate departments
  • Shows innovation as well as potential impact on the top and bottom lines

"It's an honor for the MIT Sloan CIO Symposium to recognize ProfitBricks as an innovator for the cloud computing 2.0 movement," said ProfitBricks USA CEO Bob Rizika. "We are dedicated to accelerating the pace of cloud infrastructure and look forward to sharing our vision for the future of the cloud with the MIT community."

ProfitBricks' IaaS solution includes the industry's first Data Center Design tool, plus the ability to scale servers vertically without rebooting, and to create unlimited private network connections and more. ProfitBricks is built on an InfiniBand-based meshed network technology to bring high performance computing capabilities to the cloud and offer a better price-performance ratio than the major cloud computing providers. ProfitBricks also introduced the first true minute-based billing to the cloud.

"We are pleased to award these top ten Innovation Showcase finalists, as their technologies represent cutting edge solutions with strategic value," said David L. Verrill, Executive Director of the MIT Center for Digital Business, and the Co-chair of the Innovation Showcase. "The Symposium provides these early-stage companies a foundation to demonstrate their solutions that are architecting the future of technology and creates an environment for valuable partnership opportunities."

For a full list of Innovation Showcase finalists visit http://www.mitcio.com/innovation.

The Innovation Showcase will take place at 5:00 p.m. in the Kresge courtyard tent on Wednesday, May 22, 2013, at MIT, in Cambridge, Mass. The full agenda of the MIT Sloan CIO Symposium is available at www.mitcio.com/agenda.

About ProfitBricks
ProfitBricks -- Cloud Computing 2.0 -- is the cloud infrastructure-as-a-service (IaaS) company offering more speed and flexibility than any other cloud provider. Founded in 2010 by the previous co-founders of 1&1 Internet, ProfitBricks has built the world's first, true virtual datacenter, enabling users custom defined instances with live vertical scaling and class-leading double redundant cloud storage -- all with simple and transparent minute-based billing. It also developed the first graphical Data Center Designer that makes the ProfitBricks Cloud Computing service the easiest to setup and maintain. CRN Magazine recently picked ProfitBricks as the "Coolest Startup" of 2012. Headquartered in Berlin, Germany and Boston, Mass., ProfitBricks can be found online at http://www.ProfitBricks.com.

About the MIT Sloan CIO Symposium
The MIT Sloan CIO Symposium is the premier global event for CIOs and senior IT executives to become better business leaders. In one day, CIOs and senior IT executives receive actionable information that enables them to meet the challenges of today's changing global economy. The annual event offers a day of interactive learning and thought-provoking discourse on the future of technology, best practices, and business that is not available anywhere else. The MIT Sloan CIO Symposium is organized and developed by a team from the MIT Sloan Alumni Club of Boston and the MIT Center for Digital Business. Visit www.mitcio.com for more information and registration.

To stay connected to the community developing around the Symposium, please join The Global CIO & Executive IT Group (An MIT Sloan CIO Group), which can be found on Linkedin.com: http://www.linkedin.com/groupInvitation?groupID=1719457. Follow Symposium updates on Twitter: http://twitter.com/mitciosymposium.

Journalists interested in a Symposium press credential should contact Derek Beckwith (derek@warnerpr.com 617-331-3567) or Sadie Furlong (sadie@warnerpr.com 717-220-1804), Warner Communications.

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