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Tintri Surpasses Major Milestones for Revenue Growth and Enterprise Customer Adoption in 2012
Company Sees Growing Utilization of Unique VM-aware Storage Platform in Mission-Critical Applications; Close to 30,000 VMs Now Running on Tintri Storage
By: Marketwired .
Jan. 23, 2013 11:30 AM
MOUNTAIN VIEW, CA -- (Marketwire) -- 01/23/13 -- Tintrí, Inc., the leading producer of VM-aware storage platforms, today announced it completed 2012 with record sales results and strong enterprise customer adoption. Tintrí ended the past year with more than 150 enterprise customers worldwide that are running nearly 30,000 virtual machines in full production. Sales increased on both year-over-year and quarter-over-quarter metrics for each quarter in 2012, culminating in a 400% sales increase in the fourth quarter compared to the same quarter of the prior year.
The company's success was fueled by sweeping changes in the industry that have driven enterprises to virtualize over 60% of applications in their data centers. With large scale virtualization, enterprises recognize an inevitable need for a new kind of storage designed for virtual environments.
Tintrí's unique VM-aware storage solution attracted enterprise customers at record rates across a number of vertical industries that have demanding storage requirements, including manufacturing (DXP Enterprises, Makino), service providers (NEC Biglobe, Teufel Software), healthcare (Central Washington Hospital), technology (Garmin, Sungard), transportation (Kawasaki) and two of the five largest media conglomerates in the world.
Supporting this growth, Tintrí expanded its worldwide presence, opening new sales offices in Japan, Germany and Holland, along with doubling the number of sales offices in the United States.
Other Tintrí milestones for 2012 included:
Tintrí was the first company to ship a production-proven VM-aware storage platform that gave enterprises simplified and efficient storage for virtual environments. Created specifically to address virtualization's unique storage challenges, Tintrí delivers intuitive VM-level manageability, simplicity and flash performance at the industry's lowest cost-per-VM.
"2012 saw an inflection point in the evolution towards a software-defined data center," said Kieran Harty, CEO and co-founder of Tintrí. "Much like the drive for server consolidation a decade ago sparked the virtualization revolution, enterprise customers are trying to manage an explosion in storage requirements frequently driven by the unique demands of virtualization initiatives. Customers are looking for help at a time of shrinking capital budgets while legacy vendors push expensive solutions that were not designed for today's virtual environments.
"The technology industry has rallied around the vision of a software-defined data center, with significant progress made on servers and networking infrastructure. But storage lags far behind. Tintrí is leading the industry in providing innovative solutions for software-defined storage."
In a recent survey of customers conducted by Tintrí, 58 percent of respondents said they have already virtualized 75 percent or more of their data center. Respondents said the top three strategic hurdles in storage were: 1) cost of storage infrastructure; 2) storage performance and 3) organization resistance. Technical hurdles that posed the greatest challenges were 1) performance isolation for VMs; 2) VM-level storage performance visibility and 3) VMware API integration.
Tintrí 2012 Highlights
About Tintrí, Inc.
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