SAN FRANCISCO, Sept. 19, 2018 /PRNewswire-PRWeb/ -- Scalr, a global pioneer in hybrid cloud management, is expanding its U.S. operations to meet increasing demand. On the heels of its 200% year-over-year (YoY) revenue growth in 2017, which was followed by 1H 2018 revenue that more than doubled over 1H 2017, Scalr announced it opened a new office in Boston, MA to accommodate additional employees. Having been recently named a leader in hybrid cloud management by industry luminaries Forrester and SIIA CODiE, and aggressively adding reseller partners to augment its sales efforts, Scalr is poised for continued strong growth.
"Hybrid cloud adoption is growing incredibly fast because businesses believe it will accelerate their operations and enable them to compete more aggressively. This is true, but it also introduces a huge amount of complexity and puts enterprises at high risk of runaway costs and security breaches," said Sebastian Stadil, Scalr's CEO and Founder. "As Scalr's revenue and partner growth attests, our unique approach to hybrid cloud management—which gives users the flexibility to innovate quickly without compromising budgets, security or compliance—is compelling for global organizations. Boston's great talent pool and culture of innovation make it an ideal city for Scalr to build out our company and capitalize on this opportunity."
With the global hybrid cloud market expected to reach $91.74B by 2021, an 83% boost over 2018 (1), the opportunity is certainly compelling. And Scalr is on track to take advantage of it:
- Scalr's 200% 2017 YoY growth in annual recurring revenue was due to a 130% YoY expansion in new customers and a significant increase in adoption by existing customers, including HedgeServ, HeartFlow, Molina Healthcare and a Fortune 25 conglomerate.
- Scalr's 1H 2018 revenue grew 111% over 1H 2017 and 2H 2018 is expected to continue this trend.
- Scalr's Boston operation, which had five employees as of January 1, 2018, had 15 employees by July and will add several more by year's end, prompting the recent move to a larger office near Boston's South Station. The company is headquartered in San Francisco.
Scalr's Hybrid Cloud Management Platform is the only CMP that reduces IT friction through software-defined governance, accelerated service delivery, actionable insights, and cost management across hybrid and multi-cloud environments at enterprise scale. Because it enforces preventative and reactive policies at the organization level, not the application level, Scalr makes it easy for IT and finance departments to give business units and teams the freedom to establish their own guardrails, while ensuring they're operating within corporate policies and budgetary parameters. This unique approach to cloud management bridges the gap between central IT and business units that was created when developers went 'rogue' with public cloud. Now users can safely consume cloud workloads via self-service, IT/finance get the control they need, and the channel community has advanced tools for supporting their customers' cloud transformation journeys.
About Scalr
Scalr provides unparalleled flexibility and control in complex multi-cloud environments, making it easy for enterprises to achieve cost-effective, automated and standardized application deployments. Scalr Hybrid Cloud Management Platform, which has been named best-in-class by SIIA CODiE and Forrester, uses a unique organization-level, top-down approach to policy enforcement that empowers administrators to balance the needs of finance, security, IT and development teams. Leading global organizations, including Samsung, Expedia, NASA JPL, Gannett and the U.S. Food & Drug Administration, rely on Scalr to accelerate and protect their cloud-based operations. http://www.scalr.com Follow us @scalr
(1) Hybrid Cloud Market Size, 2014-2021, Statistica 2018
SOURCE Scalr
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