[January 10, 2017] |
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CloudHealth Technologies Poised to Continue Its 2016 Growth Streak
The end of 2016 marks the strongest year yet for Cloud Service
Management pioneer CloudHealth
Technologies. After posting a 130 percent year-over-year revenue
increase, more than doubling its customer base, and securing a $20
million Series C round in May, the company enters 2017 as business
momentum is accelerating.
"CloudHealth has become an integral component of our customers'
day-to-day operations," said Dan Phillips, CloudHealth Technologies CEO
and co-founder. "It's extremely gratifying to see the platform solve
their complexity challenges and deliver such strong business value. We
continue to push customer-driven enhancements and services, which has
been a key factor in our year-over-year growth."
Technical Highlights
The technology ecosystem around cloud is filled with both legacy players
and new entrants -- with additional vendors throwing their hats into the
ring each year. CloudHealth Technologies maintained its competitive edge
in this crowded space by leveraging customer input and real-world
feedback to drive platform enhancements.
Key 2016 platform highlights:
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Support for multi-cloud - CloudHealth supports organizations managing
applications, infrastructure and services across multiple public cloud
service providers, including AWS, Azure, and Google (News - Alert) Cloud
Platform. The move addresses a growing industry trend, as engaging
with multiple cloud vendors becomes more popular and environments grow
ever more complex.
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Hybrid cloud management and migration assessment -
CloudHealth Technologies increased support to help enterprises better
manage their hybrid clouds and plan successful migrations.
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Performance and rightsizing enhancements - CloudHealth now
further enhances cloud environments through rightsizing
and identifying underutilized instances, so customers can get the
most out of what they've provisioned.
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Security and automation - Platform enhancements around security
and automation allow customers to more efficiently manage their
cloud infrastructures.
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Insight and control - CloudHealth's policy
and automation capabilities enable customers to address
complicated issues tied to cloud performance, rightsizing and cost.
They can now take more advanced actions based on complex conditions,
while automating the optimization process.
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Industry-leading partnerships - CloudHealth announced
integrations with Datadog,
a monitoring service for modern cloud environments, as well as digital
intelligence company New
Relic. These integrations give customers end-to-end visibility
across every dimension of their cloud environments.
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AWS Marketplace - Offering greater convenience and simplicity,
CloudHealth Technologies was one of the first partners to support
purchasing through AWS SaaS Marketplace.
Business Highlights
"With enterprise public cloud adoption accelerating, there's never been
a greater need for CloudHealth," said Larry Begley, CFO. "The world's
largest and fastest growing businesses are fueled by cloud, and they're
increasingly embracing hybrid and multi-cloud strategies. This results
in a level of complexity that makes effective cloud management
absolutely vital."
Key 2016 company highlights:
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Customer momentum - CloudHealth Technologies has more
than doubled its customer base since the end of 2015, with customers
spanning a variety of vertical industries. New customers included
Imgur, Gogo, Jaunt VR, Change Healthcare, and The Economist.
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Talent acquisition - CloudHealth Technologies closes out the
year after doubling the size of its employee base, bringing the total
count to 130 employees. Noteworthy hires included CFO Larry
Begley, a former partner with CloudHealth investor .406 Ventures,
who joined the team in April.
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Business growth - Following a Series
C round in May, CloudHealth Technologies continued its financial
momentum, with more than 130 percent year-over-year revenue growth.
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Channel partnerships - 2016 marked several key channel program
milestones, with 31 new partners and a 310 percent rise in partner
program revenue YoY.
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Office expansion - The company underwent a
10,000-square-foot office expansion at its Boston headquarters, and
grew its footprint in EMEA and APAC.
Additional industry accolades and third-party recognition included the
following:
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Events and Community Engagement - Inaugural CloudHealth
Connect forums in New
York and San
Francisco featured speakers from Dow Jones, Scholastic, Pinterest,
Jobvite and Smaato (News - Alert). Members of the executive team also spoke at AWS
re:Invent, the
Pacific Crest Global Technology Leadership Forum, Channel
Partners Conference & Expo, DevOps Day Boston, PwC
Boston Field Immersion Day, and a series
of AWS conferences.
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Awards and Recognition - CloudHealth Technologies was named to
InformationWeek's 25
Cloud Vendors to Watch for 2017, Gartner's (News - Alert) Cool
Vendors in Cloud Management, Red Herring's (News - Alert) 2016 Top
100 North America, Boston SmartCEO's Future
50, Boston Business Journal's Best
Places to Work 2016, Owler's Hot
in Boston, and NewCo's list of Boston
2016 Participating Host Companies. CTO and Founder Joe Kinsella
was also accepted into the Forbes
Technology Council.
About CloudHealth Technologies CloudHealth, the recognized
worldwide leader in the growing Cloud Service Management industry,
provides integrated reporting, recommendations and active policy
management to help companies control the problems associated with "cloud
chaos." Our comprehensive platform gives enterprise companies and MSPs
the ability to visualize, optimize and govern their cloud and hybrid
environments. By providing analysis and deep insight into historical
trends, capacity planning, resource optimization and resource
automation, CloudHealth enables stakeholders ranging from C-level
executives to engineers, cloud specialists, architects, IT directors and
LOB managers to improve performance and drive value through their cloud
ecosystems. Well-known organizations that rely on CloudHealth's
capabilities and expertise include Amtrak, Dow Jones, Acquia, and Sumo
Logic, among others. Based in Boston, the company is backed by Sapphire
Ventures, Scale Venture Partners, .406 Ventures and Sigma Prime Ventures.
For continuous product updates, industry news and engagement, visit us
at www.cloudhealthtech.com
or follow us @cloudhealthtech.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170110005260/en/
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