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RackWare Closes Successful Year with Record Growth, Strategic Partnerships and Significant Technology Milestones

RackWare, the software provider that integrates data center and cloud resources into a scalable and intelligently managed computing environment, today announced 2014 as its most successful year yet with an impressive revenue growth of 350%, along with significant corporate and technology milestones.

RackWare continues to see tremendous enterprise interest in its flexible and automated cloud management solution, RackWare Management Module (RMM). RMM enables enterprises to easily and cost-effectively move their workloads seamlessly between private, public or hybrid cloud environments while allowing them to expand and contract resources, as they are needed. The technology has seen increasingly accelerated demand from enterprises worldwide as they embrace the cloud and demand intelligent hybrid cloud management capabilities to suit their evolving infrastructure needs.

RackWare 2014 Milestones At-A-Glance 
  • Secured a $2.3 million round in new funding in July 2014, following a $3 million Series A round in July 2013.
  • Launched RMM 3.0 in July to include added cloud disaster recovery functionality with unique platform agnostic DR and migration capabilities.
  • Launched integrations with CenturyLink, Amazon Web Services and IBM SoftLayer, allowing enterprises to enjoy a seamless extension of legacy, and new, internal infrastructures and applications with push-button ease.
  • Launched new Channel Partner Program to include global Service Providers and VARs, allowing more partners and customers to benefit from the RackWare advantage.
    • Cemented new and extended partnerships with Peer1 Hosting, Cobalt, iSys, InterRoute, CenturyLink, NetApp and IBM.
    • Secured a significant new patent for containers, fortifying RackWare’s architectural leadership in the area of containers.
    • Doubled the company’s number of customers and continued to gain traction in key verticals including: financial services, consulting, healthcare, retail and service providers.
    • Doubled corporate employee head-count headquarters in Milpitas, CA and R&D center in Salt Lake City, UT.

To learn more about RackWare and its RMM solution, visit: http://www.rackwareinc.com/

“We conceived RackWare with a vision of platform-agnostic and cloud-agnostic workload portability underlying a true hybrid IT deployment. Our explosive sales growth as well as our containers patent over the past year underscores the value of RackWare’s vision and execution. This is extremely encouraging as we look forward to accelerating our momentum in 2015,” said Sash Sunkara, CEO of RackWare.
Published Tuesday, January 06, 2015 1:41 PM by David Marshall
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