PHD Technologies, provider of the leading esXpress VBA data protection solution for virtualized infrastructures, today reported stellar results for 2008 with significant momentum leading into the current year. In 2008 PHD achieved 200% revenue growth, strong profitability, and was recognized with SearchServerVirtualization.com's 2008 Products of the Year Gold Award in Data Protection and Best of VMWorld Gold Award in Data Protection. Currently more than 1,400 customers use esXpress. Customer growth has been accelerated by PHD's expansion of its network of worldwide distribution partners, including the recent global reseller additions in Asia-Pacific, Datastor and ECS Technologies.
"We are laser focused on virtual backup for the virtual infrastructure and we are proud of our success in 2008 driven by the tangible value we deliver to our customers," said Sridhar Murthy, CEO of PHD Technologies. "The market has recognized our role as a key backup and high availability vendor, and we will continue to build on our differentiated VBA technology in 2009."
esXpress is a horizontally scalable solution with customers that span multiple verticals and company sizes. The award-winning product is used by Fortune 500 companies such as ADP, Dell, Hess, IBM, Intel and Lockheed Martin; Mid-size companies such as Budd Van Lines and Panera Bread; Higher education institutions such as Indiana University, Oxford University and Yale University, as well as Service companies such as Ernst Young and Hewitt Associates.
"Our ease-of-use and innovative technology has been recognized by customers and market analysts alike," stated Ron McKelvey, CTO and founder of PHD Technologies. "In 2008, we are pleased to have received the top awards in the Data Protection category in SearchServerVirtualization.com's Products of the Year and Best of VMworld. We are particularly pleased that the judges praised esXpress' variety of backup methods, unique features compared to traditional backup applications and our easy integration with VMware."
esXpress' growth demonstrates the success of the product's differentiated VBA technology and flexible per host pricing model. This pricing model provides a significant cost advantage to customers because it requires no additional hardware or software.