PHD Virtual Technologies, a pioneer in virtual backup, infrastructure
monitoring and
innovator of disaster recovery
assurance solutions,
announced today its 12th consecutive record quarter highlighting a 40
percent increase in revenue compared to first quarter 2012. Earlier this month,
the company announced the acquisition of VirtualSharp Software, a leader in
next-generation automated disaster recovery assurance
solutions for virtualized environments and private and public clouds -
accelerating PHD's growth platform in the disaster recovery marketplace.
"Every milestone this quarter has
contributed to our growth strategy as a data protection and disaster recovery
solution provider and we will continue to invest in areas that drive the
business," said James Legg, CEO, PHD Virtual Technologies. "Already, we are
seeing payoffs with our VirtualSharp acquisition, huge interest in our cloud
backup solution and an increase in quality partners from all regions of the
world."
PHD
milestones this quarter include the following:
- Recorded 40% YOY revenue growth with
more than 1,000 transactions
- Increased average deal size by
20%
- Rounded out disaster recovery
offerings with VirtualSharp acquisition
- Achieved record revenue and growth
rate
- Released new PHD Virtual Backup
version 6.2 with cloud backup capabilities
- Raised $4M in Series C funding and
debt financing
- Achieved record number of web site
visitors with almost 100,000
- Signed on new distributors including
Condre Storage (U.S.), Prianto (Germany) and Soft Solutions (New
Zealand)
With the
acquisition of VirtualSharp, PHD Virtual delivers transformational technology
for virtual
backup and disaster recovery
assurance providing
the easiest, most affordable solutions for data protection and business
continuity, automatically certifying achievement of Recovery
Time Objectives (RTOs) and Recovery Point Objectives
(RPOs).
This
past quarter, PHD launched PHD Virtual 6.2
CloudHook, the first
and only solution on the market to offer powerful local VM backup capabilities,
as well as a seamless link to public or private cloud storage for offsite
backups. The latest release of PHD's Virtual Backup and Replication includes a
module for virtual backup to the cloud making it easy, seamless and affordable
for small to medium-sized businesses to backup and recover data to and from the
cloud at the touch of a button.
"As PHD
Virtual's record first quarter results demonstrate; the sales, marketing and
product synergies associated with PHD Virtual's recent acquisition of
VirtualSharp appear to have begun bearing fruit almost immediately," said Ken
Clipperton, Senior Analyst, DCIG. "Their focus on providing affordable, easy to
deploy data protection and disaster recovery solutions for virtualized
environments is changing the equation in ways that are clearly being affirmed in
the marketplace."