PHD Virtual Technologies Achieves Strong Growth in First Quarter of 2011

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First Quarter Results Highlighted by Quarterly Bookings Growth of 55% with New Customers Representing 70% of New Product Bookings

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The business achieved excellent growth in the first quarter of 2011 and we had great success attracting new customers

PHD Virtual Technologies, pioneer and innovator in backup and recovery for virtual machines, achieved exceptional product bookings and new customer growth during the first quarter of 2011. Continuing the strong trend that led to record results in 2010, total bookings grew 55% in Q1 of 2011 over the same period in 2010 with new customers representing 70% of new product bookings. The first quarter was also highlighted by strong international demand for the company’s backup and recovery solutions for VMware and Citrix which offer unparalleled performance, ease of use, and scalability at an affordable price point.

PHD Virtual continued to achieve key competitive wins in both large scale enterprise deployments and managed service provider environments. During the quarter, Virtacore, a leading provider of hybrid cloud services, announced that it will use PHD Virtual Backup to provide secure public and private cloud backup and recovery. Customers cite that the speed and scalability of PHD Virtual Backup along with its ease of use and affordable price point make it a preferred choice when compared to alternative products. PHD Virtual Backup is the only data protection solution that leverages virtualization to backup the virtual environment, providing a better way to protect VMware and Citrix infrastructures.

“The business achieved excellent growth in the first quarter of 2011 and we had great success attracting new customers,” said Thomas Charlton, Chairman and CEO, PHD Virtual Technologies. “We experienced strong demand for our VMware and Citrix products in the quarter both domestically and internationally. Our customers tell us that PHD Virtual provides them a better way to protect their virtual environments without the complexity, cost and performance issues inherent in products from other vendors including Veeam, Quest and Symantec.”

About PHD Virtual Technologies
Delivering the highest performance and most scalable cross platform backup solution on the market and pioneer of Virtual Backup Appliances (VBAs), PHD Virtual Technologies has been transforming data protection for virtual IT environments since 2006. Its award-winning data protection solution, PHD Virtual Backup is used today by more than 3,300 enterprises worldwide to achieve unlimited scalability, high availability and cost effective backup and restore for VMware and Citrix virtual machines. PHD Virtual also provides a suite of free virtualization utilities to assist with the administration and management of virtualized environments. For more information, please visit http://www.phdvirtual.com.

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Blog: http://www.thephdexperts.com/
Twitter: http://twitter.com/PHD_Virtual_Inc
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Brian Nason
PHD Virtual
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