Virtualization Technology News and Information
PHD Virtual Announces 40 Percent Year-Over-Year Growth With 12th Consecutive Record Quarter

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."
Published Tuesday, April 16, 2013 6:39 PM by David Marshall
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