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@VMTurbo Momentum Continues with 17 Consecutive Quarters of Record Revenue

VMTurbo, the only software-driven control platform for the software-defined universe, today announced record quarterly earnings in Q3 of 2014. The third quarter was VMTurbo’s 17th consecutive record quarter, achieving 179% year-over-year growth and 37% quarter-over-quarter growth. Additionally, VMTurbo expanded its company-wide headcount by 26% between the end of June and the end of September, dramatically increasing sales capacity.

“Our team is passionate about serving 1,000+ of the most advanced customers to control their virtualized data centers - with over 90% realizing a hard dollar payback in less than 3 months,” said Ben Nye, CEO of VMTurbo. “We are thrilled to post another record quarter of growth led by customers such as Thomson Reuters, Baxter Healthcare and NetApp. I’ve never seen momentum quite like this, and I’m proud of what we’ve accomplished thus far.”

Along with strong revenue growth and market expansion, VMTurbo increased its presence in the community through the Green Circle, its recently-launched online forum, and by contributing to major virtualization and cloud computing conferences such as VMworld US and VMworld Europe. Most recently, VMTurbo won the “Best of VMworld 2014” finalist award for virtualization management.

VMTurbo also hosted its first annual Octurbofest user group for key VMTurbo customers and partners, enjoying strong attendance. Key partners and customers presenting included Docker, Arista Networks, Pure Storage, OpenSky and Travelport. Octurbofest was sponsored by partners Par4 and OpenSky.

Market Momentum

VMTurbo’s impressive momentum through 2014 has underscored the strong reception it has received from the cloud and virtualization management community. In the quarter ending on September 30, VMTurbo grew in every aspect of the business, including in all key channels and geographies, building upon the success of Q2. VMTurbo now serves more than 1,000 advanced customers such as JPMorgan Chase, CSC, Salesforce.com, Aetna, BT and L-3 Communications.

Key metrics thus far for 2014 include:

  • 179% year-over-year growth, 37% quarter-over-quarter growth, with over 1,000 advanced customers and a record 152 direct transactions
  • Notable customer additions include Thomson Reuters, Papa John’s International, Dunbar Armored, TravelClick, RICOH, Baxter Healthcare and NetApp
  • According to TechValidate:
    • 68% of surveyed customers increased team productivity by over 20%, with 26% seeing gains of 40% or more since deploying VMTurbo – equating to 1-2 days of incremental innovation per team member for critical IT staff
    • 87% of surveyed customers increased resource utilization by over 20%, with nearly 50% seeing increases of 40% or more since deploying VMTurbo
    • 49% of surveyed customers saw a more than 20% decrease in false positive alerts, with 32% seeing a 40% or more decrease since deploying VMTurbo
    • 66% of surveyed customers saw a more than 20% decrease in time to resolve issues, with 31% seeing a 40% or more decrease since deploying VMTurbo
  • Continued acceleration of the VMTurbo team to over 230 virtualization professionals after a successful relocation to a new, larger office in Boston
Published Thursday, October 16, 2014 6:39 AM by David Marshall
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