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Momentum Accelerates as VMTurbo Announces Record 2014VMTurbo, 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 (News - Alert), 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 (News - Alert) "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:
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:
"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:
$50 Million Funding Series - What's ahead in 2015? Led by ICONIQ Capital, Bain Capital, Globespan Capital Partners, Highland Capital Partners (News - Alert) 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. About VMTurbo VMTurbo's Demand-Driven Control platform enables customers to manage cloud and enterprise virtualization environments 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 operation 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 25,000 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 (News - Alert), ensure that applications get the resources they need to operate reliably, while utilizing their most valuable infrastructure and human resources most efficiently.
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