Virtualization Technology News and Information
VMTurbo Posts Record Growth in 2015 by Assuring Customers' Real-Time Application Performance
VMTurbo, the only real-time application performance control system for the software-defined data center, today announced its 22nd consecutive record quarter, capping 2015 with over 100% year-over-year growth in annual revenue. Achieving 48% repeat business and a record amount of new bookings, in 2015 VMTurbo added companies such as PNC, PwC, AT&T, Fifth Third Bank, BMC Software, Dimension Data, Pearson Education, Mizuho Bank, Stryker and Monster Worldwide to its family of approximately 1,300 customers.

"2015 was a great performance year for VMTurbo, posting our 22nd sequential quarter of record revenue," said Ben Nye, CEO, VMTurbo. "That's why we've dedicated 2016 as the year of 'Absolute Performance' to our nearly 1,300 customers. The widespread adoption of VMTurbo's application performance control across all industries and businesses, from SMBs to global-enterprises, is accelerating because no other company can guarantee application performance on any stack, anywhere, anytime."

Market Momentum

"2015 saw our strongest performance yet, in terms of revenue, revenue growth, repeat customers and new business," said Mo Garad, CFO. "This is due to the success our nearly 1,300 customers see everyday in their datacenters with VMTurbo, enabling them to guarantee performance; causing our customer growth to accelerate, and our ASP to reach a record high."

Key metrics for 2015 include:

  • 100%+ year-over-year growth, and 22 consecutive quarters of record growth
  • A record number of new bookings. New customers in Q4 include Stryker, Skadden, Arps, Slate, Meagher & Flom, Spencer's Gifts, Eaton Vance, Monster Worldwide, Barnes & Noble and the City of Miami
  • Partnership with Verizon to deliver Intelligent Cloud Control, helping Verizon customers migrate workloads to the ideal public cloud service based on their performance and resource requirements
  • New partnerships with Huawei, a leader global ICT solutions provider, and Tintri, leading producer of VM-aware storage for cloud and virtualized environments, joining the existing VMTurbo ecosystem including Red Hat, Pure Storage, Nutanix and Arista Networks among others
  • Awarded Par 4, Technologent, BigTec and Decision Focus "Partner of the Year" award at VMTurbo's 2016 Company Kickoff for their outstanding work in 2015
  • Adding EMEA Value Added Distributor BigTec to strong portfolio of channel partners, including IBM, Presidio, HPT and many more

Technology Innovation

"VMTurbo is the only control platform that continuously drives our customers' environments to a state of health, helping our customers guarantee performance of their applications, thus driving increased efficiency and agility," said Shmuel Kliger, President and Founder of VMTurbo. "By bringing VMTurbo control to every layer of the stack, including PaaS and multi-cloud infrastructures, we are doubling-down on our commitment to giving IT control over any workload on any application stack, anywhere, any time."

Key Technology Innovations include:

  • Release of Operations Manager 5.4, extending support for Platform-as-a-Service (PaaS) through integration with Cloud Foundry
  • Expanding VMTurbo's ecosystem and addressing storage management challenges through integrations with EMC XtremIO and EMC VMAX
  • Extending support for Microsoft SQL Server Active Directory and enabling ability to fully leverage VMware's Cross vCenter live migration capabilities
  • Introduced joint solution with Pure Storage, offering integration with Pure Storage FlashArray
  • Announced investment by Red Hat to accelerate adoption of OpenStack in enterprises and integration of Red Hat CloudForms technology

Industry Recognition

"2015 was a watershed for VMTurbo, as the market embraced the importance of control for the modern datacenter," said Geeta Sachdev, CMO. "This change is driven by our nearly 1,300 customers and over 53,000 global users, true believers in the control VMTurbo delivers. With 91% of those users seeing a return on their initial investment within three months of deploying, the results speak for themselves."

Notable achievements include:

  • According to TechValidate, after deploying VMTurbo:
    • 85% of users saw more than a 20% increase in virtual workload performance
    • 91% of users saw more than a 20% increase in resource utilization
    • 82% of users reported more than a 20% increase in team productivity
    • 91% of users saw ROI within 3 months or less
  • Hosted four TurboFest events across the US and the UK, including San Francisco, London, Atlanta and the Second Annual Octurbofest User Group in Boston
  • Brought the VMTurbo marketplace to VMworld 2015, with presentations from partners and customers including Pure Storage, Nutanix, Arista Networks and Blackbaud
  • Received a number of industry accolades and awards:
    • #344 on Inc. Magazine's List of America's 500 Fastest-Growing Private Companies
    • Voted Boston's Coolest Company by BostInno readers
    • Awarded Silver Stevie in the 2015 American Business Awards both for Company of the Year and Executive of the Year
    • Recognized as one of the Best Places to Work in 2015 by the Boston Business Journal
Published Thursday, January 14, 2016 11:36 AM by David Marshall
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