VMTurbo, the only real-time demand-driven control platform for the
software-defined universe, today announced its 18th
consecutive record quarter, capping 2014 with revenue growth of 126%
year-over-year. Along with strong revenue growth, VMTurbo increased its
employee base by 126% and relocated company headquarters to Copley
Square in Boston.
A new round of investment led by ICONIQ Capital raised $50 million for
continued new product development and company growth. With more than
1,000 customers, including many of the world’s leading money center
banks, financial institutions, social and e-commerce sites, carriers and
service providers, VMTurbo was proud to grow its customer base in 2014
to include Salesforce.com, Thomson Reuters, Tribune Publishing,
Cablevision and Rogers Communications.
“It’s been an incredible year at VMTurbo,” said CEO Ben Nye. “Repeat
purchasing grew 150% year-over-year as more and more VMTurbo customers
automated control of their virtualized data centers. This
customer-driven growth has enabled us to achieve a 234% compounded
annual growth rate since inception.”
Market Momentum
“2014 was VMTurbo’s strongest year ever,” said Mo Garad, CFO. “More and
more of our customers are experiencing greater resiliency in their
virtualized environments as well as full payback in three to six months.”
Key Metrics for 2014 include:
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Achieving 126% year-over-year growth – resulting in a compound annual
growth rate of 234% since inception
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According to TechValidate:
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87% of users surveyed saw more than a 20% increase in resource
utilization after deploying VMTurbo in their environment – with
20% seeing more than a 60% increase
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68% of users surveyed reported more than a 20% increase in
virtualization team productivity after deploying VMTurbo in their
environment – with 26% seeing improvement of over 40%
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66% of users surveyed reported more than a 20% decrease in time to
resolving issues in their environment after deploying VMTurbo –
with 32% seeing a greater than 40% decrease
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Almost 90% of users surveyed saw value within 3 months of
deploying VMTurbo in their environment
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More than doubling the size of VMTurbo employee base, to over 250
employees by the end of 2014
Technology Innovation
“VMTurbo Operations Manager is the only control system that relates
application demand and infrastructure supply across the entire data
center,” said Founder and President, Shmuel Kliger. “Our award-winning
platform now includes specific Control Modules for Networks, Hybrid
Cloud, Applications, Containers and VDI.”
Key Technology Innovations include:
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Largest release to-date, Operations Manager 5.0, further extends
control across the full IT stack including network, hybrid cloud,
containers and virtual desktop (VDI) environment control
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New network control enables automated localization of chatty
applications, reducing network congestion and latency in east-west
traffic while assuring workload access to storage and compute resources
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Integration with Arista
Networks EOS+ platform, a software platform for network
programmability and automation, to deliver efficient decision
automation within Arista environments and optimal placement of
virtualized workloads
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Expanded hardware support built into Control Modules for Storage and
Fabric, providing customers the ability to drive more comprehensive
control of virtualized workloads in converged infrastructure and
increased utilization
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New support for OpenStack, in addition to existing support for VMware,
Microsoft, Citrix and Red Hat environments
Industry Recognition
“It was an exciting year at VMTurbo full of a number of firsts,” said
Geeta Sachdev, CMO. “From the launch of our Green Circle Community in
April and being named finalist for “Best of VMworld 2014” in August, to
hosting our first annual Octurbofest user group meeting, we’ve seen
overwhelmingly positive interest from the larger IT community for our
solutions.”
Notable achievements include:
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Launch of the Green
Circle Community in April, an online forum for innovators,
virtualization experts and forward thinking IT professionals. The
community provides a platform for customers, external contributors and
VMTurbo employees to engage on industry perspectives, questions and
suggestions on the product and knowledge-sharing among community
members
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Awarded “Best
of VMworld 2014” finalist in the category of virtualization
management, chosen from over 200 nominees by judges from TechTarget
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Receiving numerous other awards, such as: 2014
TechTrailblazer’s first place award in the virtualization
category, named #26
in Forbes Magazine’s Most Promising Companies, CRN’s
2014 Emerging Vendors and the Bronze
medal by TechTarget in their Storage Management category; VMTurbo
has recently been named as a finalist in a number of upcoming awards
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Expanding presence and thought leadership in IT community through the
addition of technology evangelist Eric Wright, aka @discoposse,
to the team
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Hosted first annual Octurbofest
in Boston, a day of cloud and virtualization thought leadership with
VMTurbo customers, key business partners and industry leaders; VMTurbo
is taking the event to the opposite coast in February 2015, with its
First Annual TurboFest West in San Francisco
$50 Million Funding Series – What’s ahead in 2015?
Led by ICONIQ Capital, Bain Capital, Globespan Capital Partners,
Highland Capital Partners and a number of strategic investors, VMTurbo
has raised $50 million in Series D funding. VMTurbo plans to use the
investment to continue its momentum, including expanding its team both
nationally and globally and accelerating development of new
demand-driven control modules. The investment marks VMTurbo’s largest
private round since its founding in 2011.
ICONIQ
Capital, a global multi-family office and merchant bank based in San
Francisco, led the Series D funding, and was matched by a collective of
VMTurbo’s existing investors, Bain Capital, Globespan Capital Partners
and Highland Capital Partners.