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Turbonomic Momentum Accelerates - "SMART" Workloads Now Powering 8 of the World's Top 10 Banks and Over 20 Percent of the Fortune 500Turbonomic, the leader in workload automation for hybrid cloud, today announced a record-breaking Fiscal Year 2019 (ending January 31, 2019), in terms of both revenues and bookings. The world's largest and most complex customers trust Turbonomic's AI-powered decision engine to continuously manage workloads across their hybrid and multi-cloud environments, including eight of the world's 10 largest financial institutions and more than 20 percent of the Fortune 500. "Turbonomic is the clear leader in managing workloads across hybrid and multi-cloud environments. Our market-based approach, resource abstraction, and trustworthy analytics uniquely enables customers to manage physical, virtual, cloud and cloud-native workloads," said Benjamin Nye, CEO at Turbonomic. "On a personal note, I would like to thank our talented team for their commitment to excellence in servicing our customers and partners." The drivers propelling Turbonomic's growth include:
The global movement to modernize IT is creating the largest and fastest re-platforming of application workloads in the history of IT - a hybrid cloud market opportunity that IBM (News - Alert) recently estimated at $1 trillion (USD). Workloads such as virtual machines, virtual desktop infrastructure, pods, containers, and services, are quickly emerging as the center of gravity for the technology universe, as infrastructure and applications are further decomposed in order to improve agility and elasticity. As a result, organizations are experiencing exponential management complexity and risk in the forms of application performance, compliance adherence and cost overruns. One of the world's largest financial and professional services firms turned to Turbonomic to operate at the increasing speed of business. Within hours, the Turbonomic platform simulated the migration of tens of thousands of workloads to Azure, accurately matching on-premises workload demand to the millions of SKU configurations while also considering RI purchases. Additionally, the customer is using Turbonomic within its existing Azure estate to assure performance and compliance. To date, the platform has delivered over $3 million in annual savings, which the organization is investing into further accelerating its cloud migration and adoption. Cisco (News - Alert) is a strategic Turbonomic alliance partner. Commenting on the partnership and joint value to customers, Denny Trevett, Vice President, Partner Ecosystem at Cisco, said: "In today's multi-cloud world, customers are looking for solutions that work across public and private cloud environments. We are seeing a radical increase in the pace of innovation and enthusiasm from our partners in helping customers on their cloud journeys. As a Turbonomic partner, we are delivering value and innovation to customers through our joint solutions." Microsoft is also a strategic Turbonomic alliance partner. Gavriella Schuster, Corporate VP of One Commercial Partner Organization at Microsoft, commented on Turbonomic's success selling with Microsoft during the company's annual partner event, Microsoft Inspire 2018: "This partnership has worked really well. After remotely deploying an assessment, within only a couple of hours customers have a complete assessment o their compute, storage, networking and memory. This is followed by an optimization report and Turbonomic helping customers manage and optimize their hybrid environment." Joint Turbonomic and Microsoft customer, Steve Harnett, Global Head of Strategy and Architecture at international law firm, Freshfields Bruckhaus Deringer, commented on the combined value the partnership delivers to the company's IT transformation: "Thanks to Turbonomic, the performance and cost across all of our workloads throughout our entire hybrid estate, from our data center to Azure, is continuously controlled and optimized. Our team has peace of mind that the environment is always healthy, allowing us to focus on value-added innovation." Additionally, Dave Hart, Chief Operating Officer at Presidio, part of Turbonomic's rapidly-growing channel partner ecosystem, said: "Presidio prides itself on being a trusted advisor to customers as they adopt the cloud. As a Turbonomic partner, we have the technology, tools, enablement and support, to add even more value to our consultative approach in ensuring our customers' success." Fiscal Year 2019 Highlights: Channel and Alliances Expansion
Innovation
Industry Leadership & Recognition
In the coming year, Turbonomic will continue to broaden the capabilities in its AI-powered platform. Contact us to request a demo or learn more information. Additional Resources
About Turbonomic Turbonomic workload automation for hybrid cloud continuously assures that all workloads get precisely the resources needed to ensure performance and eliminate overspending while maintaining policy compliance. Founded in 2009, Boston-based Turbonomic is one of the fastest-growing technology companies, trusted by thousands of enterprise organizations to activate their hybrid cloud journey. To learn more about Turbonomic, visit turbonomic.com.
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