“Second quarter revenue exceeded our expectations and VKernel is well positioned to accelerate our growth through the balance of the year,” said Doug McNary, CEO of VKernel.
Andover, MA (PRWEB) July 27, 2011
VKernel, the award-winning provider of enterprise-class performance and capacity management products for virtualized data centers and cloud environments, announced today another record quarter. The continued revenue growth, delivery of new products to market, emergence of new cloud customers, and adoption of VMware performance and capacity management solutions among medium to large enterprises has driven this growth.
Paramount to VKernel’s Q2 success was the growing importance of both public and private cloud deployments. In addition to the challenges faced by IT departments deploying virtualization technology, clouds must cope with the added complexities of highly variable demand, chargeback, and competition from other service providers. For cloud environments that utilize customer self-service portals, unpredictable usage spikes can be especially problematic. To achieve success, advanced virtual environments and cloud deployments must provide performance, capacity and cost visibility to a diverse group of internal and external stakeholders on a real-time basis. Capacity management and performance monitoring for these deployments is fast becoming the foundation for success.
One of VKernel’s new Q2 cloud customers was Peak 10, a leading cloud and managed services provider. Peak 10 deployed the VKernel vOperations Suite to manage its virtualized infrastructure. According to Frank Shepherd, Infrastructure Engineer at Peak 10, “We see a lot of potential for streamlining virtualization management operations with the help of VKernel. Integrating VKernel’s capacity management and performance data solutions would not only help our data centers become more efficient, but could also allow us to enhance service offerings that will add further support for our customers.”
Highlights of VKernel’s quarter include:
Record Financial Results – Nearly 3x year over year revenue growth driven by continued growth and adoption of VMware performance and capacity management solutions.
New Products – VKernel launched a new version of its award-winning vOperations SuiteTM 3.5, designed to meet the needs of hosting firms, private cloud implementations, and organizations deploying advanced virtualized environments.
Award Accolades – Datamation Magazine listed VKernel as a cloud computing “Up and Comer” addressing the critical, but often overlooked problem of capacity management for the virtualized environments that power many of the private and public clouds.
Global Expansion – Partnered with Macnica Networks to distribute VKernel’s solutions into the Japanese market, accelerating VKernel’s efforts to create a more global footprint of its operations.
New Markets – Expanded support to provide the fast-growing Microsoft Hyper-V user base with robust performance monitoring, capacity planning, and chargeback capabilities needed to successfully manage applications in virtualized environments.
Customer Milestone – VKernel vOperations Suite is now used by over 25% of the Fortune 20.
“Second quarter revenue exceeded our expectations,” said Doug McNary, CEO of VKernel. “We are committed to delivering to our growing list of cloud providers and advanced virtualization enterprises the solutions they need to maximize ROI of their VMware and Microsoft Hyper-V environments. With the industry’s only integrated suite of products for performance monitoring, capacity management, optimization and chargeback, VKernel is well positioned to accelerate our growth through the balance of the year.”
VKernel is the number one provider of capacity management products for virtualized data centers and cloud environments. The company’s powerful, easy-to-use and affordable products simplify the complex and critical tasks of planning, monitoring and predicting capacity utilization and bottlenecks. Used by over 50,000 system administrators, the products have proven their ability to maximize capacity utilization, reduce virtualization costs and improve application performance.
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