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VMTurbo Announces 19th Consecutive Quarter of Record RevenueVMTurbo, 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 (News - Alert), 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 (News - Alert) 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." Market Momentum (News - Alert) "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:
Technology Innovation "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:
"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:
About VMTurbo 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 (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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