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PHD Virtual Reports Explosive 35% Year-Over-Year Growth and 13th Consecutive Record Quarter

PHD Virtual Technologies, a pioneer in virtual backup and disaster recovery assurance solutions, announced today its 13th consecutive record quarter highlighting a 35-percent year-over-year growth and propulsion into the leader position of data protection and recovery assurance solutions.

“Our product portfolio and customer list continues to grow rapidly. Bringing customers the virtual backup and recovery solutions and support they need at prices they can afford is our number one goal,” said James Legg, CEO, PHD Virtual Technologies. “Our orders this quarter were very strong and reflective of that mission resulting in another record quarter of growth. We are encouraged and excited by the market acceptance and industry awards received as of late.”

PHD milestones this quarter include the following:

  • Recorded 35% YOY revenue growth in bookings
  • 315 new customers signed and now has over 6,000 customers
  • Over 500 licenses of CloudHook, virtual backup to the cloud, sold in first 90 days
  • 260% YOY growth in channel deal registrations
  • More than 3,750 products downloaded
  • New product, ReliableDR 3.1,from VirtualSharp acquisition introduced
  • Named to Prestigious CRN Virtualization 50 List
  • Finalist in Network Products Group Best Products Awards

With the acquisition of VirtualSharp last quarter, PHD Virtual now delivers transformational technology for virtual backup and disaster recovery assurance. ReliableDR 3.1 was the first product released as a result of this acquisition. ReliableDR 3.1 reduces the risks and costs of recovery failure by providing ironclad assurance of granular data, application, business services, and ensuring site-wide recovery occurs within SLAs.

“PHD Virtual’s focus and assertiveness in the backup and disaster recovery assurance market are certainly paying off as more and more customers are selecting PHD Virtual,” said Ken Clipperton, Senior Analyst, DCIG, Inc. “The combination of PHD Virtual Backup with ReliableDR is evidently like peanut butter and chocolate – good individually, even better together.”

Published Thursday, July 11, 2013 6:51 PM by David Marshall
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