Turbonomic Momentum Accelerates – “SMART” Workloads Now Powering 8 of the World’s Top 10 Banks and Over 20 Percent of the Fortune 500

Growth Fueled by Strategic Alliances with Amazon Web Services, Cisco,
DXC, and Microsoft

BOSTON–(BUSINESS WIRE)–Turbonomic,
the leader in workload automation for hybrid cloud, today announced a
record-breaking Fiscal Year 2019 (ending January 31, 2019), in terms of
both revenues and bookings. The world’s largest and most complex
customers trust Turbonomic’s AI-powered decision engine to continuously
manage workloads across their hybrid and multi-cloud environments,
including eight of the world’s 10 largest financial institutions and
more than 20 percent of the Fortune 500.

“Turbonomic is the clear leader in managing workloads across hybrid and
multi-cloud environments. Our market-based approach, resource
abstraction, and trustworthy analytics uniquely enables customers to
manage physical, virtual, cloud and cloud-native workloads,” said
Benjamin Nye, CEO at Turbonomic. “On a personal note, I would like to
thank our talented team for their commitment to excellence in servicing
our customers and partners.”

The drivers propelling Turbonomic’s growth include:

  • Bridging the application-to-infrastructure chasm by linking
    application response times with resourcing workloads through alignment
    with leading Application Performance Monitoring (APM) vendors,
    including Cisco AppDynamics;
  • New and expanded go-to-market partnerships with leading IT and cloud
    platforms, including Amazon Web Services (AWS), Microsoft Azure, Cisco
    (through Cisco
    Workload Optimization Manager
    ), and DXC, among others;
  • Award-winning, AI-powered innovations for managing and optimizing
    workloads (including containers) in hybrid and multi-cloud
    environments. Click
    here
    for more information about using containers to enable modern
    application architecture;
  • More than doubling the company’s number of specialty cloud partners;
    and
  • International expansion through a partnership
    with Trend Micro.

The global movement to modernize IT is creating the largest and fastest
re-platforming of application workloads in the history of IT – a hybrid
cloud market opportunity that IBM recently estimated at $1 trillion
(USD). Workloads such as virtual machines, virtual desktop
infrastructure, pods, containers, and services, are quickly emerging as
the center of gravity for the technology universe, as infrastructure and
applications are further decomposed in order to improve agility and
elasticity. As a result, organizations are experiencing exponential
management complexity and risk in the forms of application performance,
compliance adherence and cost overruns.

One of the world’s largest financial and professional services firms
turned to Turbonomic to operate at the increasing speed of business.
Within hours, the Turbonomic platform simulated the migration of tens of
thousands of workloads to Azure, accurately matching on-premises
workload demand to the millions of SKU configurations while also
considering RI purchases. Additionally, the customer is using Turbonomic
within its existing Azure estate to assure performance and compliance.
To date, the platform has delivered over $3 million in annual savings,
which the organization is investing into further accelerating its cloud
migration and adoption.

Cisco is a strategic Turbonomic alliance partner. Commenting on the
partnership and joint value to customers, Denny Trevett, Vice President,
Partner Ecosystem at Cisco, said: “In today’s multi-cloud world,
customers are looking for solutions that work across public and private
cloud environments. We are seeing a radical increase in the pace of
innovation and enthusiasm from our partners in helping customers on
their cloud journeys. As a Turbonomic partner, we are delivering value
and innovation to customers through our joint solutions.”

Microsoft is also a strategic Turbonomic alliance partner. Gavriella
Schuster, Corporate VP of One Commercial Partner Organization at
Microsoft, commented
on Turbonomic’s success selling with Microsoft during the company’s
annual partner event, Microsoft Inspire 2018: “This partnership has
worked really well. After remotely deploying an assessment, within only
a couple of hours customers have a complete assessment of their compute,
storage, networking and memory. This is followed by an optimization
report and Turbonomic helping customers manage and optimize their hybrid
environment.”

Joint Turbonomic and Microsoft customer, Steve Harnett, Global Head of
Strategy and Architecture at international law
firm, Freshfields Bruckhaus Deringer, commented on the combined value
the partnership delivers to the company’s IT transformation: “Thanks to
Turbonomic, the performance and cost across all of our workloads
throughout our entire hybrid estate, from our data center to Azure, is
continuously controlled and optimized. Our team has peace of mind that
the environment is always healthy, allowing us to focus on value-added
innovation.”

Additionally, Dave Hart, Chief Operating Officer at Presidio, part of
Turbonomic’s rapidly-growing channel partner ecosystem, said: “Presidio
prides itself on being a trusted advisor to customers as they adopt the
cloud. As a Turbonomic partner, we have the technology, tools,
enablement and support, to add even more value to our consultative
approach in ensuring our customers’ success.”

Fiscal Year 2019 Highlights:

Channel and Alliances Expansion

  • Microsoft strengthened and deepened its strategic
    partnership
    with Turbonomic on several fronts in 2018. In
    conjunction with Turbonomic’s release of new capabilities to
    accelerate migration and optimize workloads in Azure, Microsoft
    selected Turbonomic as its preferred partner to help customers prepare
    for the end of support for both Windows Server 2008 and Windows SQL
    Server 2008.
  • AWS also rapidly expanded its relationship with Turbonomic in 2018,
    awarding the company two AWS Competencies: AWS Cloud
    Management Tools Competency
    as an inaugural global launch partner
    and AWS Migration Competency for Discovery and Planning. Turbonomic is
    exhibiting and speaking at Amazon’s 2019 Sales Kickoff, taking place
    this week in Las Vegas.
  • Turbonomic established itself as one of Cisco’s fastest-growing
    partners for one of its highest-growth markets through Cisco Workload
    Optimization Manager, achieving more than 550 percent growth
    year-on-year.
  • Turbonomic extended its Partner Program with Cloud
    Specialization
    , offering partners differentiated technology and a
    new approach to managing workload diversity across multiple customer
    environments. More than 50 partners have been onboarded and enabled
    through the new Specialization.
  • Turbonomic also expanded its Sales, Channel and Alliances presence in
    Europe, including opening a new Sales office in Paris France.

Innovation

  • Turbonomic extended
    its unique self-managing Kubernetes capabilities with support for
    Amazon Elastic Container Service for Kubernetes (EKS), Microsoft Azure
    Kubernetes Service (AKS), Google Kubernetes Engine (GKE) and Pivotal
    Container Service (PKS). This capability enables customers to
    continuously assure performance, maximize elasticity and maintain
    compliance with business policies across their Kubernetes-as-a-Service
    (KaaS) offering of choice.
  • Turbonomic delivered
    new capabilities that accelerate cloud migration and optimize
    workloads in Azure environments. Reserved Instance (RI) purchasing
    capabilities for Azure Hybrid Benefit and Azure Site Recovery (ASR)
    integration deliver the industry’s fastest and most accurate cloud
    assessments for Azure customers.
  • Turbonomic increased its Research and Development (R&D) investments,
    including a new Cloud Center of Excellence (CoCE) in Tel Aviv, a
    development center in Greece, and dramatic expansion of its global
    Customer Facing Engineering team.

Industry Leadership & Recognition

  • Hiscox CIO and former Barclays CTO, Ian Penny, joined
    Turbonomic’s Board of Directors in 2018, becoming the second board
    member with direct CIO experience in driving major digital
    transformation and cloud initiatives for international multi-billion
    dollar companies. With his multiple experiences as a Turbonomic
    customer, Penny adds an invaluable customer-centric viewpoint to help
    the company continue to grow and scale.
  • Forbes recognized
    Turbonomic in the 2018 Forbes Cloud 100 list of the top private
    cloud companies in the world for the third consecutive year, based on
    valuation, market leadership, people and culture and operating metrics.
  • Inc. magazine named
    Turbonomic to the Inc. 5000 list of America’s fastest-growing private
    companies for the third time.
  • Deloitte honored Turbonomic with a repeat
    appearance
    on the Deloitte 2018 Technology Fast 500 list, an elite
    ranking among the fastest-growing technology, media,
    telecommunications, life sciences and energy tech companies in North
    America.
  • Turbonomic was recognized as a 2018 CRN Tech Innovator Award winner,
    taking top honors in the IT Automation Software category. This marked
    the company’s second consecutive appearance as a CRN Tech Innovator,
    following its recognition in 2017 in the Enterprise Management
    Software category.

In the coming year, Turbonomic will continue to broaden the capabilities
in its AI-powered platform. Contact
us
to request a demo or learn more information.

Additional Resources

About Turbonomic

Turbonomic workload automation for hybrid cloud continuously assures
that all workloads get precisely the resources needed to ensure
performance and eliminate overspending while maintaining policy
compliance. Founded in 2009, Boston-based Turbonomic is one of the
fastest-growing technology companies, trusted by thousands of enterprise
organizations to activate their hybrid cloud journey. To learn more
about Turbonomic, visit turbonomic.com.

Contacts

Press:
Katryn McGaughey
Phone: (781) 267-5147
Email: [email protected]

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