VMTurbo starts 2015 with strongest Q1 to date, achieving over 100% YOY Growth
(Boston, MA) April 9, 2015 – VMTurbo, the only demand-driven control platform for the software-defined data center, today announced its 19th consecutive record quarter, achieving over 100% year-over-year growth in Q1 of 2015. VMTurbo expanded its company-wide headcount to 313 by the end of March, and added Dimension Data, Pearson Education, the Bancorp, Lafarge, University of Vermont Medical Center, Angie’s List and Liberty University to its ever-increasing list of customers.
“In Q1 2015, we’ve seen record expansion in our core base of more than 1,000 customers using VMTurbo’s real-time control system to enhance the value of their investments in VMware, Microsoft Hyper-V and Red Hat OpenStack on KVM,” said Ben Nye, CEO. “According to Principled Technologies, VMTurbo continuously assures – and indeed improves – the performance of business applications by 37%, driving that expansion.”
“With the results from Q1 2015, we surpassed all expectations,” said Mo Garad, CFO. “This quarter we saw a record ASP, record repeat purchasing and record win rates, a direct result of our three-month ROI, which grows more robust as our team engages customers at greater and greater scale.”
Key metrics for the first quarter of 2015 include:
- Over 100% year-over-year growth
- Now providing services to over 1,000 repeat and new customers. New customers include Dimension Data, the Bancorp, Pearson Education, Lafarge, University of Vermont Medical Center, Angie’s List, University of Missouri Health System, Liberty University and Georgetown Hospital System. Repeat customers include KPN, Rogers Communications, Kronos, Kirkland & Ellis and CSC
- Increased company-wide headcount from 256 to 313 full-time employees
“Each product release is yet another step in enabling our customers to control any workload, on any type of infrastructure, anytime, anywhere,” said Founder and President, Shmuel Kliger. “The expansion of demand-driven control to the application layer is a continuation of this journey, matching application demand to infrastructure supply, to assure and even improve performance.”
Key Technology Innovations include:
- Release of Operations Manager 5.1, extending coverage and control for the Application Control Module into Java application servers including IBM WebSphere, Oracle WebLogic, Red Hat JBoss and Apache Tomcat
- Announced joint solution with Pure Storage, the market’s leading independent solid-state array vendor, offering integration with Pure Storage FlashArray and enabling joint customers to maximize the value of their Pure Storage investment through demand-driven placement decisions and volume sizing
- Continued support for OpenStack through the TurboStack Home Lab OpenStack Summit giveaway, pre-loaded with a 7-node nested OpenStack environment, managed by VMTurbo Operations Manager
“This was an exciting quarter at VMTurbo, as we brought our TurboFest user group events to different parts of the world, including Silicon Valley and the UK,” said Geeta Sachdev, CMO. “We’ve seen incredible growth in our online Green Circle Community, as customers and IT professionals within the virtualization and cloud space engage one another to share knowledge, industry perspectives and product feedback.”
Notable achievements include:
- Held inaugural Technology Steering Council meeting in January, a forum for industry thought leaders to discuss IT data center management challenges and growth trends. Ben Nye and Shmuel Kliger were joined by TSC Chairman and EVP of HP Enterprise Group, Bill Veghte, Managing Director and Head of Distributed Technology at Barclays, Ian Penny, and VP and General Manager of Cloud Management at Red Hat, Joe Fitzgerald
- Hosted first annual TurboFest West, a day of cloud and virtualization thought leadership, in San Francisco. Keynote presentations were given by OpenStack co-founder Joshua McKenty, CoreOS CEO Alex Polvi, as well as executives from HP, Arista Networks and Pure Storage
- Hosted first EMEA-specific event, Turbofest London, with keynote address delivered by Barclays’ Ian Penny
- Recent study published by Principled Technologies found VMTurbo to improve application performance in a virtual environment by 37%
- Received Gold in Storage Magazine’s 2014 Storage Management Products of the Year award, which rated VMTurbo Operations Manager highest for innovation, ease of use and manageability and found it to be the best for managing capacity and resource allocation
VMTurbo’s Demand-Driven Control platform enables customers to manage cloud and enterprise virtualization environments including OpenStack to assure application performance while maximizing resource utilization. VMTurbo’s patented decision-engine technology dynamically analyzes demand from applications, containers, network and VDI and adjusts configuration, resource allocation and workload placement to meet service levels and business goals. With this unique understanding into the dynamic interaction of demand and supply, VMTurbo is the only technology capable of closing the loop in IT operations by automating the decision-making process to maintain an environment in a healthy state.
The VMTurbo platform first launched in August 2010 and now has more than 30,000 users, including many of the world’s leading money center banks, financial institutions, social and e-commerce sites, carriers and service providers. Using VMTurbo, our customers, including JP Morgan Chase, Salesforce.com and Thomson Reuters, ensure that applications get the resources they need to operate reliably, while utilizing their most valuable infrastructure and human resources most efficiently.