PHD Virtual Technologies Records Fifth Consecutive Quarter of Strong Growth – Benzinga (press release)
Third Quarter Results Highlighted by Quarterly Bookings Growth of 50% and 100% Increase in New Customer Acquisition
During the quarter, the company saw great success with the introduction of PHD Virtual Monitor which offers a better, more complete solution for monitoring VMware and Citrix XenServer environments. New and existing customers demonstrated a strong bias towards acquiring PHD Virtual Backup and PHD Virtual Monitor together to enable easy, scalable, cost effective data protection and monitoring. The company saw an increasing trend of customers purchasing both VMware and Citrix versions of its backup and monitoring solutions to support cross hypervisor deployments, supporting market research trends that many customers are using more than one virtualization platform.
The quarter was also highlighted by the announcement of the upcoming PHD Virtual Backup and Replication Version 5.3 which will deliver an integrated solution for virtual machine backup, recovery and replication. The new release includes a more optimized and efficient solution for virtual machine replication and disaster recovery as well as significant performance optimizations that will set a new benchmark for scalable, high performance data protection on VMware and XenServer platforms. PHD Virtual Backup and Replication version 5.3 is currently in beta release and will be generally available in the fourth quarter.
“The business achieved excellent results during the quarter and has strong momentum demonstrated by record growth over the last five quarters,” said Thomas Charlton, Chairman and CEO, PHD Virtual
About PHD Virtual Technologies
Delivering the highest performance and most scalable cross platform backup and monitoring solutions 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 3,500 enterprises worldwide to achieve unlimited scalability, high availability and cost effective backup and recovery for VMware and Citrix XenServer virtual machines. Its PHD Virtual Monitor provides a complete, end to end solution for monitoring virtual, physical and application infrastructures in VMware and Citrix environments. 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.