SOURCE: VMTurbo

VMTurbo

July 09, 2015 18:45 ET

VMTurbo Momentum Continues to Accelerate Through Customer-Driven Growth

20th Quarter of Record Revenue, 130%+ five year CAGR, Record Total Deals and Repeat Sales

BOSTON, MA--(Marketwired - July 09, 2015) - VMTurbo, the only real-time control system for the software-defined data center, today announced its 20th consecutive record quarter, achieving over 100% year-over-year growth in Q2 of 2015. VMTurbo saw a record number of deals, with over 200 in Q2, adding AT&T, Nike, PNC Bank, Blackbaud, GM Financial, Sempra Energy, Fifth Third Bank, BMC Software, and the States of Alaska and Maine to its list of 1,000+ customers.

"Yesterday's corporate technology outages in the travel, media and securities industries highlight the importance of application availability and performance," said VMTurbo CEO Ben Nye. "Assuring performance has driven VMTurbo to five straight years of record expansion as our 1,000+ customers realize the benefits of matching application workload demand with infrastructure supply. Since expanding our control system into the application layer, QoS adherence has accelerated our momentum as we change the conversation from granular resource allocation decisions to guaranteeing end-user experience."

Market Momentum

"We've hit yet another company milestone with the results from Q2 2015," said Mo Garad, CFO. "This quarter, we've continued to see a record number of deals, record win rates and record repeat purchases. Our team continues to expand to meet the growing needs of our customers."

Key metrics for the first quarter of 2015 include:

  • Over 100% year-over-year growth, the 20th consecutive quarter of record growth
  • Over 130% CAGR in the five years since VMTurbo's inception
  • A record number of deals, with over 200 in Q2 alone. New customers include BMC Software, Sempra Energy, GM Financial, AT&T, Nike, Blackbaud, Fifth Third, the State of Maine, Bryant University and PNC Bank
  • Record repeat business as customers expand real-time control throughout their data center and cloud deployments
  • Cumulatively, over 1,000 customers and 40,000 download users of our free Virtual Health Monitor
  • Added UK value added distributor Big Technology to portfolio of existing channel partner, including IBM GTS, Accunet, ACS, Datalink, Technologent, Par4 and Presidio.

Technology Innovation

"With the latest product release extending control to QoS and SLA adherence, we are enabling a shift in focus from infrastructure supply to delivering quality experiences to our customers' end-users," said Founder and President Shmuel Kliger. "This shift, as well as enhancing support for disruptive technologies such as OpenStack and Arista, provides our customers the flexibility they need in the data center to improve their bottom line."
Key Technology Innovations include:

  • Release of Operations Manager 5.2, extending VMTurbo's patented virtualization and cloud control to Quality of Service (QoS) and Service Level Agreement (SLA) adherence across every layer of the stack
  • Announced investment by Red Hat in VMTurbo, to accelerate adoption of OpenStack in enterprises and integration of Red Hat CloudForms technology
  • Further enhanced integration with Arista through a joint solution leveraging Arista's Extensible Operating System (EOS) and VMTurbo's Network Control Module and decision algorithms

Industry Recognition

"Membership and contributions within our Green Circle Community have grown exponentially, as customers and IT professionals engage with each other to develop a true knowledge-sharing community," said CMO Geeta Sachdev. "This growth, as well as a number of customer and partner events across the continent, including the OpenStack Summit, the Red Hat Summit and our fourth TurboFest in Atlanta, resulted in momentum for VMTurbo."

Notable achievements include:

  • Exhibited joint solution with Red Hat at the 2015 Red Hat Summit in Boston, demonstrating VMTurbo's integration with Red Hat CloudForms in an OpenStack environment
  • Hosted fourth TurboFest event in Atlanta, day of cloud and virtualization thought leadership. Keynote presentations were given by VMTurbo customers CenturyLink and UL Workplace Health and Safety
  • Hosted vBrownBag panel session at the 2015 OpenStack Summit, featuring John Engates, CTO at Rackspace, Stu Miniman, Analyst at Wikibon and co-host of theCUBE, and Endre Sara, VP of Advanced Solutions at VMTurbo. The panel was moderated by VMTurbo's Principal Solutions Engineer Eric Wright
  • Announced results of a survey on OpenStack, with more than 1,200 respondents. Survey results revealed increasing interest in investigating and deployment OpenStack as a private cloud infrastructure, despite recent press coverage and perceived challenges of implementation
  • Recognized as one of the Best Places to Work in 2015 by the Boston Business Journal

About VMTurbo

VMTurbo's Real-Time 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 40,000 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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