HYPERGRID, the Hybrid Cloud-as-a-Service leader, announced exceptional growth in FY16, while driving accelerated growth into FY17. The year was highlighted by the acquisition of DCHQ, the launch of its new platform, HyperCloud, and the introduction of a new consumption based business model. This new business model, along with a significant expansion in its customer base and global partner network focused on multiple verticals, contributed to over 100% growth in revenue in FY2016. HyperGrid also added a number of senior leaders to its management team, positioning itself well for accelerated growth in the future.
"FY16 was a monumental year for us," said Nariman Teymourian, CEO of HYPERGRID. "We exceeded our revenue goals and raised our external profile significantly. HyperCloud, our hybrid cloud platform, offers application, platform and infrastructure services in a unique pay-as-you-go consumption model, which fundamentally changes how customers consume IT."
Since launching in July 2016, HYPERGRID has been focused on its mission to bring IT consumption services to help CIOs and IT leaders focus on creating business value rather than on cost and service management. HYPERGRID's mission is to enable business innovation and to provide flexibility, simplicity and agility for business users, while maintaining security, control and governance over delivery of IT services.
"The ability of enterprise IT to enable innovation at a rapid pace and scale is directly tied to the business need for technology-based market differentiation. We are working to establish HYPERGRID as a true enabler and innovator as we define a new category in IT," said Jim Ensell, CMO of HYPERGRID.
Progressing into FY17 HYPERGRID will also build on its engagement with Microsoft, announced in FY16, as well as launch the next version of HyperCloud.