ScaleMP, a leading provider of virtualization solutions for high-end computing, today announced that the company experienced record growth in the quarter ending June 30, 2010 and has secured $2.4 million in new funding. Additionally, ScaleMP doubled the number of new customer deployments from the previous quarter including growing commercial customers to more than 50 percent of quarterly sales.
The introduction of vSMP Foundation 3.0 in May met with marked interest as it introduced capabilities that allowed users to deploy very large virtual symmetric multiprocessing (SMP) and created significant traction that contributed to the Q2 success. The new release offers unlimited modular scaling, increased performance with scalable backplane bandwidth and expanded hardware support. vSMP Foundation 3.0 leverages the power of Intel’s Nehalem-EX and Westmere-EP processors for the creation of virtual symmetric multiprocessing (SMP) systems from two to 128 nodes, enabling users to create the largest x86 shared-memory system available on the market.
"Server virtualization for aggregation is a fast-growing sector with tremendous potential, and ScaleMP has incredibly innovative technology," said Dan Barnea, member of the Startup Factory Forum and new member of the board of directors. "I look forward to using my experience growing companies in competitive markets to help ScaleMP continue to expand and position itself as a leader in the marketplace."
Barnea is the former SVP of strategy and corporate development for BMC Software (NYSE) where he was responsible for driving inclusive processes to identify, propose and execute strategic initiatives for growth through organic development, acquisition and alliances. Barnea joined BMC Software in 1999 with the acquisition of New Dimension Software, where he held the position of CEO. He is credited with the significant turnaround within New Dimension Software, a success that catapulted the company into the forefront of the systems management industry. He has also held several senior management positions in technology companies including CEO of Laser Industries, general manager for Indigo, and vice president of research and development for Elscint.
"Our growth aligns with the economic rebound, and we are experiencing an increase in interest and sales across the board from our traditional customer base in academic research, higher education and government, as well as commercial customers," said Shai Fultheim, founder and CEO of ScaleMP. "We deliberately set our amount of new funding to help us accommodate this increase in interest, and achieve our financial milestones."