SOURCE: Virtual Instruments

Virtual Instruments

January 19, 2011 13:04 ET

Virtual Instruments Grows Sales More Than 150% in Second Half of 2010

VirtualWisdom Virtual Infrastructure Optimization Solution Adoption Accelerates in Global 2000

SAN JOSE, CA--(Marketwire - January 19, 2011) - Virtual Instruments, a leader in storage area network (SAN) and virtual infrastructure optimization solutions, today announced the continuation of its record setting pace as the company grew sales by over 150% in the second half of 2010 over the same period last year. Underpinning its growth, the company closed major new enterprise accounts with industry leaders including one of the largest US-based insurance companies, one of the largest diversified US-based financial services firms, and one of Europe's biggest investment banks. In addition, Virtual Instruments expanded its presence with a major US-based telecommunications service provider and with two large health care organizations affiliated with Blue Cross/Blue Shield. 

Virtual Instruments is experiencing accelerating growth across all aspects of its business. To support this growth, the company recently closed a new funding round which added two new investors, Lightspeed Venture Partners and Next World Capital, to complement investments from all current institutional investors. Lightspeed Venture Partners has an exceptional industry track record with its partners having invested in market leaders such as Riverbed, Brocade, Ciena, and Avamar. Next World Capital is a global venture capital and growth equity firm that has strong ties in the European market.

In December of 2010, the company moved its headquarters from Scotts Valley, Calif. to San Jose, Calif., the center of Silicon Valley. With an increasing number of customers and employees, the transition to a larger office space for the headquarters was necessary and will support increased hiring plans throughout 2011. 

In late October of last year, Virtual Instruments announced the expansion of its EMEA channel and its partnership with Virtue, a Paris-based value added reseller and integrator of end-to-end virtualization and storage solutions. 

"With Virtual Instruments' rapid growth and expanding presence in the global 2000 enterprises, it's clear that virtual infrastructure optimization will play a critical role in moving companies past virtual stall and into the next phase of virtualization deployments," said John W. Thompson, CEO at Virtual Instruments. "The need for comprehensive visibility into the data center infrastructure is critically important as more enterprises virtualize mission-critical applications or move them into a private cloud."

About Virtual Instruments
Virtual Instruments offers the award-winning VirtualWisdom and SANInsight virtual infrastructure optimization solutions that provide deep monitoring and analysis of how the virtualized IT infrastructure and the SAN affect business-critical application performance. Global 2000 customers across a broad range of industries achieve significant cost savings in virtualization and SAN deployments by optimizing utilization, performance and availability of IT resources. Leading system and storage vendors including IBM, HP, HDS, Dell and EMC leverage Virtual Instruments to design and optimize SAN solutions for enterprise customers. The company was founded in June 2008 via a spin-out from Finisar Corp.; it has headquarters in San Jose, Calif., and can be found online at http://www.virtualinstruments.com.

Contact Information

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    Madge Miller
    Voce Communications on behalf of Virtual Instruments
    415-350-9868
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