SOURCE: VMTurbo, Inc. - MA

VMTurbo

May 17, 2016 10:00 ET

VMTurbo Posts 23rd Consecutive Quarter of Record Revenue in Q1 2016

Over 125 New Customers Join the VMTurbo Family

Former HP COO Bill Veghte Joins Board

BOSTON, MA--(Marketwired - May 17, 2016) -  VMTurbo, the application performance control system, today announced its 23rd consecutive record revenue quarter and added over 125 new customers in Q1, with over half of the top data center IT firms and service providers now relying on VMTurbo to control their cloud and virtualized environments while guaranteeing performance of applications from VDI to JVMs, OLTP to SQL and beyond.

"As customers embrace hybrid and multi clouds, operating at web scale, they are increasingly relying on software to deliver application performance," said Ben Nye, CEO VMTurbo. "This trend is inevitable. The world's most sophisticated customers, including the largest service providers, technology, financial and health care firms rely on VMTurbo's real-time algorithmic approach to guarantee performance on more and more of their applications."

Great teams build great technology businesses, and the VMTurbo team just became stronger with the addition of leading technology executive Bill Veghte, who has agreed to join VMTurbo's Board of Directors. "I am excited to welcome Bill Veghte to our Board," added Nye. "Bill has built and led some of the great technology businesses of our time, and has added tremendous value in the last two years serving as the Chair of our Technology Steering Council."

"As the Chair of VMTurbo's Technology Steering Council it's been wonderful to help VMTurbo grow from 400 to over 1400 customers," said Veghte. "As companies are turning to the cloud and increasing the density of their virtual machines and containers, it is harder and harder for them to guarantee the performance of their applications manually. VMTurbo is a remarkable technology that enables customers to guarantee this performance. I look forward to helping Ben and the leadership team as a Board Member."

Veghte comes to VMTurbo after leading the HP Enterprise Group and serving as the Chief Operating Officer during the turn-around of HP. In this role, he helped recast the operating model of the company and accelerate the innovation agenda across many parts of the company. He also served as CEO of Survey Monkey after the unexpected passing of its then-CEO David Goldberg. Prior to HP, Veghte spent 19 years at Microsoft in a variety of senior roles including running the Windows business, the Windows Server business and running Microsoft's North American Sales and Services organization.

In Q1, global service providers such as Verizon Enterprise Solutions, KPN, KPMG, and CSC expanded their VMTurbo deployments throughout their clouds, including new services such as Verizon's launch of Intelligent Cloud Control powered by VMTurbo that enables Verizon customers to migrate workloads to the cloud service best matched to an enterprise's performance and resource requirements.

"Verizon is enabling our customers to confidently migrate to the cloud by combining the ability to efficiently manage the multi-cloud environment using Intelligent Cloud Control with the speed and flexibility of our on-demand Secure Cloud Interconnect service," said Shawn Hakl, vice president of Product and New Business Innovation, Verizon. "By extending Verizon's management solutions with VMTurbo application performance control, coupled with our best-in-class technical experts and underpinned by our world-class networks, our clients can maximize application uptime and performance."

Market Momentum

"The first quarter of 2016 was a record quarter for VMTurbo in terms of revenue," said Mo Garad, CFO. "This is the result of the success our 1,400-plus customers' experience with VMTurbo everyday in their private clouds, virtualized data centers, and increasingly in the public cloud, helping them guarantee performance in such complex environments. The market is coming our way, fueling our customer growth."

Key wins in Q1 2016 include:

  • 23rd consecutive quarter of record revenue growth
  • New technology partnerships with Simplivity, Zerto, Cloudistics and Mesosphere joining the existing VMTurbo ecosystem including Red Hat, Pure Storage, Nutanix, Tintri, Huawei and Arista Networks among others
  • Launch of the VMTurbo 360° Partner program, driving record revenue through the channel
  • Closed a record number of transactions in EMEA

Technology Innovation

"VMTurbo is the only control platform that enables customers to guarantee application performance no matter what cloud they choose -- private, public, multi or hybrid," said Shmuel Kliger, President and Founder of VMTurbo. "By expanding VMTurbo control across the new, web-scale IT stack and multi-cloud infrastructures, we are enabling IT to have control over any workload on any cloud, any where, anytime so they can build their future, faster."

Key Technology Innovations include:

  • Enhancing private and public cloud control with the release of Operations Manager 5.5, with vRealize Automation integration, and the release of cross-anything migration and improved capacity management capabilities
  • Expanding VMTurbo's ecosystem with new support for IBM Power VM
  • The launch of Verizon Intelligent Cloud Control powered by VMTurbo: partnering with Verizon to deliver VMTurbo's application performance control technology to Verizon customers in multi-cloud environments to manage workloads in the right public cloud based on the workload's specific performance and resource requirements
  • Contributions to various projects in OpenStack and Kubernetes, and establishing a new partnership to collaborate with Mesosphere on Mesos

Industry Recognition

"Q1 saw increased recognition of VMTurbo not only by customers but by industry analysts and other third parties as well," said Geeta Sachdev, CMO. "Our thought-leadership resonated in the broader community around the adoption and development of Multi-Cloud architecture, and how control enables organizations to more rapidly adopt technologies like OpenStack, cloud and containers to regain control over their organization's future."

Notable achievements include:

  • Named in the Gartner® report on Dynamic Optimization Technology for its Real-Time Application Performance Control Platform for Public, Private and Hybrid Clouds, with the highest rating among vendors
  • Additional coverage from Principled Technologies demonstrating that VMTurbo's automatable decisions improved the performance of applications in large-scale virtual environment by 33%
  • Adding to earlier coverage from Ovum, IDC and Principled Technologies
  • Recognized by Computer Weekly and IT Central Station as the top Virtualization Management solution based on reviews from verified users
  • Launched Part One of a four-part "State of Multi-Cloud" survey jointly conducted with Verizon, finding that 57% of companies lack a cloud strategy among other interesting data points
  • Hosted TurboFest West in San Francisco with customer and partner speakers from Netflix, EMC, Red Hat, Cisco, Mary Washington Health Systems, and Silicon Valley Bank

About VMTurbo

VMTurbo's Application Performance Control platform is trusted by enterprises around the world to guarantee the performance of any application on any cloud or infrastructure. VMTurbo's patented decision engine dynamically analyzes application demand and automatically allocates shared resources to all applications maintaining a perpetual state of health.

Launched in 2010, VMTurbo is one of the fastest growing technology companies on the market. Leveraging VMTurbo's control platform, customers can confidently accelerate their adoption of virtual, cloud, and container deployments for all mission critical applications today and in the future.

Leveraging VMTurbo, customers can guarantee application performance, maximizing infrastructure and human efficiency and positively impacting their companies' business goals. To learn more, visit vmturbo.com.

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