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Sumo Logic Surpasses All Goals and Hires Industry Veteran Ramin Sayar as CEO to Lead Rapid Growth Phase

Sumo Logic, the next-generation machine data intelligence company, today announced the appointment of industry veteran Ramin Sayar as president and chief executive officer; more than 100 percent sequential quarter bookings growth; over 500 customers; and a robust ecosystem of partnerships with the industry's top technology innovators in cloud, big data, DevOps and machine learning including AWS, Akamai, Chef, SaltStack and ServiceNow. The subject of a separate announcement today, the company also announced its vision for modernizing the backbone of the cloud economy with a utility model for data insights. Sayar hails from VMware, where he was senior vice president and general manager of the Cloud Management Business Unit. Sayar will lead Sumo Logic as it becomes the de facto purpose built, cloud-based data analytics platform for enterprises to ensure flawless delivery of mission critical applications and services.

"I am incredibly excited to have Ramin leading Sumo Logic. Sumo is in a massive market-and already significantly ahead of any other cloud provider for machine data analytics. Ramin's domain experience will immediately scale Sumo's product insight, strategy and partner ecosystem," said Joseph Ansanelli, partner at Greylock Partners. "Perhaps most importantly, Ramin is a natural fit with the founding team. He is a company builder to the core and shares the spirit and dedication of a founder. We are increasingly confident of Sumo's rise as the dominant player in this space."

Sayar's appointment capitalizes on Sumo Logic's existing market traction. By adding Sayar to the management team, a seasoned industry veteran who brings a strong track record for building and leading high-growth enterprise organizations, Sumo Logic solidifies its position as the major provider for cloud analytics. At VMware, Sayar created the cloud management vision, oversaw the development of the products and go-to-market strategy and built the the fastest growing business unit with nearly $1 billion in revenue which established VMware as the leading virtualization and cloud management vendor. With 20 years of industry experience, he is a strategic and operating leader of both small and large organizations, and has a strong track record of developing innovative and market leading products in both emerging and mature markets. Previously, Sayar held a variety of key product executive and leadership roles at marquee companies such as HP Software, Tibco Software, iPlanet, AOL and Netscape. He also serves on the technology and executive boards of various startup companies.

Sumo Logic Exceeds Expectations and Expands Technology Integrations for Next Wave of Growth 

Facing an eruption of applications and devices generating data, organizations are looking for a better way to leverage their data streams for actionable insights that lead to new operational efficiencies, agility and improved customer satisfaction. Sumo Logic's market opportunity is vast: traditional solutions fail to meet this need and machine data is expected to grow 15x by 2020. By 2017 the number of data centers owned by enterprises is expected to plummet while SaaS will grow to $76 billion. In addition, there is 3-5x growth expected in the number of workloads in the public cloud by 2017.

The Sumo Logic platform is as a purpose-built, cloud service that consolidates all data streams and makes them useful. Delivered in a pay-for-what-you-use utility model, it is a single source of truth for enterprises to make informed decisions when delivering world class mission critical applications and services. Sumo Logic acts as a hub for the New IT, eliminating silos between point solutions as well as structured and unstructured data, providing the visibility and transparency that modern DevOps, IT Ops and Security Ops teams require. 

A purpose-built cloud-based analytics platform, it transforms all data streams into competitive advantage.

The company has already surpassed its business goals for 2014, with company milestones including:

  • Grew sequential quarter over quarter bookings by over 100% in most recent quarter
  • Grew the Sumo Logic customer base by more than 300 percent year-over-year and increased bookings by 400 percent
  • Added new customers worldwide, including Akamai, Betfair, Brightcove, Interactive Intelligence, Ooyala and WD-40, along with many other leading enterprises across industries
  • Named a "Cool Vendor" by Gartner in the Gartner "Cool Vendors in Application Performance Monitoring and IT Operations Analytics, 2014" report
  • Expanded the partnership with Amazon Web Services (AWS) to utilize four AWS regions and twelve different AWS Availability Zones to provide greater performance and resiliency to its mission-critical cloud service
  • Delivered new technology integrations with Akamai, Chef, CloudPassage, Heroku, New Relic, SaltStack and ServiceNow, among others, to enhance mutual customer satisfaction and market leadership 
  • Announced the general availability of the Sumo Logic Application for PCI Compliance (Payment Card Industry) and the Sumo Logic Enterprise Security Analytics Suite
  • Expanded headcount growth by 250 percent year-over-year 

"Sumo Logic is the only logical choice for enterprises that want to take full advantage of the convergence of the big data and DevOps megatrends. The cloud-native, purpose built analytics platform from Sumo Logic is the bridge for companies to accelerate their journey to the cloud and, more importantly, is enabling a new class of analytics that were previously unaffordable or unattainable with legacy, disparate on-premises approaches," said Ramin Sayar, president and CEO of Sumo Logic. "I'm thrilled to work side by side with the talented Sumo Logic team to continue to exceed expectations as we execute on our vision to provide great analytics tools for mission critical apps and services to companies around the world."

Published Tuesday, December 02, 2014 10:40 AM by David Marshall
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