Tier 3 Recognized in the Magic Quadrant for the Public Cloud Infrastructure as a Service Market Segment

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Evaluation Based on Completeness of Vision and Ability to Execute

Adam Wray, Tier 3 president and chief executive officer

Adam Wray, Tier 3 president and chief executive officer

Tier 3 is delivering a cloud platform for mission-critical applications and services to our Enterprise customers today and is well positioned to challenge for a leadership position in 2012.

Tier 3, Inc., the enterprise cloud platform provider, announced today that it has been selected by Gartner, Inc. for inclusion in the “Magic Quadrant for Public Cloud Infrastructure as a Service.”

“We believe this inaugural Gartner Magic Quadrant for public cloud affirms what Tier 3 sees in the market: the growing demand for cloud offerings that serve unique customer communities. Our Enterprise customers expect a cloud platform designed for their unique needs — most notably high availability, security, disaster recovery, and advanced automation for IT agility,” says Adam Wray, Tier 3 CEO. “We consider our position in the Gartner Magic Quadrant evidence that Tier 3 is delivering a cloud platform for mission-critical applications and services to our Enterprise customers today and is well positioned to challenge for a leadership position in 2012. We are proud to be among the small number of leading providers selected by Gartner for inclusion in this report.”

Gartner bases its evaluation on the “ability to execute” and “completeness of vision.” Ability to execute measures the vendor’s financial viability, market responsiveness, product development, sales channels and customer base. Completeness of vision reflects the vendor’s innovation, whether the vendor drives the market and if the vendor’s view of how the market will develop matches Gartner’s perspective.

The Magic Quadrant for the Public Cloud Infrastructure as a Service was introduced earlier this year and covers multi-tenant cloud applications with a focus on scale-out cloud hosting, virtual lab environments, self-managed virtual data centers and turnkey virtual data center segments.

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