SOURCE: VMTurbo

VMTurbo

October 06, 2015 11:31 ET

VMTurbo Announces 21st Record Quarter, Record New Bookings

Record Quarter Driven by Customer Embrace of Application Performance Control

BOSTON, MA--(Marketwired - October 06, 2015) - VMTurbo, the only application performance control system for the software-defined data center, today announced its 21st consecutive record quarter, achieving 100% year-over-year growth in Q3 of 2015. With strong repeat business and a record number of new bookings, VMTurbo added companies such as PNC, Merck, the NCAA, PwC, and Cathay Bank to its family of over 1,200 customers.

"It was another record quarter because our 1,200+ forward-thinking customers realize there is a simpler and better way to manage their data center operations with an application performance control system rather than the old manual break-fix approach," said Ben Nye, CEO, VMTurbo. "The market is coming our way because our solution matches workload demand with infrastructure supply in private, public and hybrid clouds across all elements of the IT stack in real-time."

Market Momentum

"Q3 2015 was another record-setting quarter at VMTurbo, with 100% year-over-year growth, record new bookings and strong repeat business," said Mo Garad, CFO. "We've started the second half of 2015 strong as we continued to expand our ASP and our growing list of customers to more than 1,200."

Key metrics for the third quarter of 2015 include:

  • 100% year-over-year growth, the 21st consecutive quarter of record growth
  • A record number of new bookings. New customers include PNC, Cracker Barrel, NCAA, SSE, Cathay Bank, Hawaiian Airlines, PwC, Merck, Baptist Memorial and Family Dollar
  • New partnerships with Huawei, a leader global ICT solutions provider, and Tintri, leading producer of VM-aware storage for cloud and virtualized environments, joining the existing VMTurbo ecosystem including Red Hat, Pure Storage, Nutanix and Arista Networks among others
  • Surpassing 1200 global customers, including:
    • Managing the outsourced infrastructure for two of the top three global data center outsourcing providers
    • Two of the top five global technology firms using VMTurbo Application Performance Control to keep their data centers in a healthy state
    • Three of the top global banks using VMTurbo to overcome complexity to deliver a high quality of service both to internal and external users

Technology Innovation

"Through our latest release, we're continuing to extend coverage across the full stack, providing control for any workload, on any infrastructure, any time, anywhere," said Shmuel Kliger, President and Founder of VMTurbo. "By broadening the VMTurbo ecosystem and enabling our customers to more fully leverage application performance control, we're able to continuously drive their environments to the healthiest state possible."

Key Technology Innovations include:

  • Release of Operations Manager 5.3, extending VMTurbo's patented, award-winning virtualization and cloud control Quality of Service (QoS) adherence prioritization to packaged applications, hyper-converged infrastructure and further into infrastructure and the public cloud
  • Integration with Nutanix hyper-converged infrastructure, reducing storage latency by maximizing the intelligent use of hot (SSD) storage over cold (HDD) storage
  • Integration with IBM SoftLayer as an additional public cloud source for bursting compute, storage and network resources

Industry Recognition

"In 2015, VMTurbo was named number 344 on Inc. Magazine's Fast 500 list, recognizing our explosive growth, disruptive technology and business model," said Geeta Sachdev, CMO. "Fundamentally, what drives this growth is the success of our customers, with 85% seeing performance improvements beyond 20%, and many seeing improvements of more than 60%. We deliver these kinds of results because we're the only system capable of matching application demand with available infrastructure supply in real time."

Notable achievements include:

  • Brought the VMTurbo marketplace to VMworld 2015, with presentations from partners and customers including Pure Storage, Nutanix, Arista Networks, Expedient Data Centers and Blackbaud
  • Recent TechValidate survey of VMTurbo customers found after deploying VMTurbo in their environment:
    • 85% of users saw more than a 20% increase in virtual workload performance
    • 91% of users saw more than a 20% increase in resource utilization
    • 82% of users reported more than a 20% increase in team productivity
    • 91% of users saw ROI within 3 months or less
  • Won a number of industry accolades and awards, including

About VMTurbo

VMTurbo's Application Performance Control platform enables customers to manage cloud and enterprise virtualization environments including OpenStack to assure application performance while maximizing resource utilization. VMTurbo's patented decision-engine technology dynamically analyzes demand from applications, containers, network and VDI and adjusts configuration, resource allocation and workload placement to meet service levels and business goals. With this unique understanding into the dynamic interaction of demand and supply, VMTurbo is the only technology capable of closing the loop in IT operations by automating the decision-making process to maintain an environment in a healthy state.

The VMTurbo platform first launched in August 2010 and now has more than 45,000 users, including many of the world's leading money center banks, financial institutions, social and e-commerce sites, carriers and service providers. Using VMTurbo, our customers, including JP Morgan Chase, Travelport and Thomson Reuters, ensure that applications get the resources they need to operate reliably, while utilizing their most valuable infrastructure and human resources at the highest efficiency. To learn more, visit vmturbo.com.

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