Appistry Continues Dramatic Revenue and Customer Growth in 2008

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Increased Adoption of Cloud Computing Fuels Strong Growth Momentum.

Appistry, a cloud application platform pioneer, today announced strong overall growth in 2008, including the attainment of both record revenues and solid new customer growth. The company grew annual revenues by over 200 percent based on increased demand by organizations seeking to harness the power of cloud computing to achieve high levels of application scalability and agility while significantly reducing development and operating costs.

With a client roster already including leading global corporations, including several Fortune 100 companies and large government agencies, Appistry added an array of new customers in 2008 including General Electric, Iris Wireless, Lockheed Martin, Northrop Grumman Mission Systems, and Open Span, among others. Appistry is helping these companies and others across a variety of industries take advantage of enterprise cloud computing to achieve dramatic reductions in the cost, time-to-market and complexity associated with delivering and managing their application portfolios.

Appistry's cloud computing platform, Appistry Enterprise Application Fabric (EAF), is a feature-rich application platform that enables organizations to rapidly and cost-effectively deliver highly-scalable applications and easily deploy and manage them in public- and private-cloud environments. Appistry EAF saw significant improvements and updates over the course of 2008. Major enhancements included:

  •     The launch of Appistry EAF Community Edition, which provides FREE product access to organizations of all sizes on up to five servers or ten CPU cores
  •     Expanded support for the Spring Framework and Java Enterprise, including the ability to easily deploy and run Plain Old Java Objects (POJOs) and Spring Beans in the cloud without modification, and transparent Spring-based remoting that allows developers to remotely call methods on load-balanced Java objects deployed to the cloud
  •     Expanded support for Microsoft .NET, including the ability to support Plain Old .NET Objects (PONOs) on the cloud without modification, and transparent .NET remoting which allows developers to remotely call methods on load-balanced .NET objects deployed to the cloud
  •     An extended the security model allowing declarative, fine-grained access control from the application level down to individual method calls

"Despite the global economic challenges of the past year, we're encouraged by our continued growth and momentum heading into 2009. This growth coupled with our constantly expanding client, partner and Peer2Peer communities, as well the continual improvement of our flagship Appistry EAF product, leave us very confident in our ability to further our success in the year ahead," said Kevin Haar, CEO, Appistry. "With most signs pointing to continued financial strain in the year ahead, enterprises will be looking to cloud computing to reduce the cost and complexity of delivering applications and IT services. Appistry EAF goes beyond simply saving companies' money; EAF provides the extra muscle needed to allow enterprises to easily scale their applications for larger, more demanding audiences."

In 2008, Appistry continued to expand its partner program and launched its Peer2Peer Developer Community. Appistry is committed to partnering with leading professional services firms, resellers, and technology vendors to enable the next generation of enterprise applications and in the past year added a wealth of new partners to its roster, including Agile Path, Amazon, Apptis, Dell, GoGrid, Skytap and several others. Additionally, Appistry launched its Peer2Peer Developer Community in March 2008. The hub of the Community is a comprehensive Web portal for users delivering cloud solutions with Appistry products. Peer2Peer community members have access to a variety of resources including product downloads, a documentation wiki and community forums. Community members can also engage with Appistry product specialists, share code samples and examples, subscribe to RSS Feeds, and take advantage of other portal-based services.

About Appistry:
Appistry simplifies cloud computing for the enterprise, opening the door to a more agile and scalable IT environment. Appistry's application platform addresses the complex challenges of building, deploying and managing a wide variety of applications and services for both public and private clouds. Appistry's products are designed specifically for cloud environments, delivering transparent scalability, application-level fault tolerance, and automated management to new and existing applications. Appistry customers include FedEx, GeoEye, Lockheed Martin and Northrop Grumman. For more information about Appistry, please visit http://www.appistry.com.

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Mike Maney

Sam Charrington
Appistry
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