the technology leader in hyperconverged infrastructure (HCI)
solutions for the modern data center, today announced that the
company experienced record growth throughout 2016, with the year's
total revenue increasing by 84 percent over the prior year -
including a more than 200-percent increase in Q4 2016 from Q4 2015
- and significant deals secured across federal, healthcare and
"2016 was a banner year for Pivot3,
starting with an acquisition and significant funding, continuing
with top placements on key industry analyst reports, and ending
with impressive revenue growth," said Ron Nash, CEO of Pivot3. "To
compete effectively in this fast-moving market, we have built a
solid platform for sustained growth with a focus on products,
business performance and customer success. This has molded us into
an agile and aggressive leader in migrating organizations to the
software-defined data center."
"We selected Pivot3 due
to the platform's strong ability to scale and perform at high
levels, even during degraded modes," said Scott Smidt, VP of
business engineering and operations at Midco Business Solutions.
"We needed a platform that could support our multi-tenant requirements
and deliver carrier-grade performance while providing us the
scalability and modularity to grow as our needs expand. Pivot3 met
Pivot3's key achievements throughout 2016 included:
- Increased annual revenue by 84 percent, with more than 200-percent growth in Q4 2016 from Q4 2015.
Continued expansion into the federal, healthcare and education
verticals with numerous large enterprises and organizations,
including LifeSpan BioSciences, Inc.
Consistent growth among customers deploying HCI across multiple
mixed workloads, including data center consolidation, database
applications, virtual desktop infrastructure (VDI), business
continuity and disaster recovery.
Explosive growth in the Pivot3 Channel Partner Program with a
275-percent increase in deal registrations in the second half of
- Acquired NexGen
Storage in January, broadening the Pivot3 product portfolio with
all-flash and hybrid storage appliances as well as business
policy management capabilities.
- Raised $55 million in funding to support accelerated growth and product development.
Named a leader in The Forrester Wave: Hyperconverged
Infrastructure (HCI), Q3 2016. Pivot3 received the highest
scores possible for high availability and data protection,
manageability and ease of operations, and client feedback on
- Named a
Visionary in the October 2016 Gartner Magic Quadrant for
Integrated Systems for ability to execute and completeness of vision.
- Expanded its executive
leadership team with Bill Stover joining as chief financial
officer and Jamie Lerner as chief revenue officer.
Expanded its presence in Canada with two new sales leaders, two
technical pre-sales resources and a partnership with Stage2Data,
Canada's premier cloud solution provider.
Launched Pivot3 vSTAC SLX, its first joint product integrating
NexGen technology, within months following the acquisition.
- Launched Pivot3 Edge Office
for SMB and remote and branch office environments, and added new
policy-driven data capabilities to its patented storage QoS
- Achieved certification on Lenovo, Cisco UCS and UCS Mini computing platforms.
- Formed multiple key partnerships, including with Cisco, Lenovo and Ingram Micro.
"Pivot3's unique architecture gives the company a differentiated
offering in the hyperconverged industry," said Eric Sheppard, IDC
research director for enterprise storage & converged
systems. "Pivot3 has combined this differentiation with an
expanded go-to-market strategy in a way that is connecting the
company with an increasing number of data centers interested in
hyperconverged technology. The company's recent growth suggests
that it is able to capitalize on these new opportunities and is
positioned well for the rapid market growth expected in 2017."
"As we enter the new year, we're looking ahead with a bold
vision for the future of enterprise computing," said Nash. "HCI
is becoming more pervasive across IT with customers using it to
support critical applications, and the emergence of automated
policy-based management and dynamic QoS will fuel even greater
adoption. Because Pivot3's platform is architected for the best
performance, scale and efficiency available in the industry along
with integrated business policy management, we will lead the way
into a new era with the smartest infrastructure that will enable
IT to focus on business results."