Pivot3 Increased Revenue by 105% From 3Q15 to 3Q16

Pivot3, Inc. continued to experience record growth and momentum in Q3 2016.

Notable achievements include increased revenue, continued customer expansion into multiple mixed workloads, recognition as a leader by industry analyst firms and the addition of a seasoned executive to lead the its sales organization.

“Hyperconverged infrastructure is one of the hottest technology sectors today, and Pivot3’s efficient and scalable platform is one of the reasons they are emerging as a key player in this space,” said Henry Baltazar, research director of storage, 451 Research. “Pivot3’s scale-out architecture with dynamic QoS can provide the increased resource utilization and HA required for demanding environments.”

Pivot3 achieved following growth and accomplishments in Q3 2016:

• Increased revenue growth by 105% over the same period in Q3 2015, with 67% of revenue coming from new customers.
• Continued growth across multiple HCI use cases, including enterprise application hosting, data center consolidation, VDIand BC and DR, with these categories representing 70% of new deals closed in Q3.
• Named a Leader in The Forrester Wave: Hyperconverged Infrastructure, Q3 2016. The firm received the highest scores possible for HA and data protection, manageability and ease of operations, and client feedback on support quality.
• Named a Visionary in the October 2016 Gartner Magic Quadrant for Integrated Systems, for ability to execute and completeness of vision.
• Accelerated the Pivot3 Channel Partner Program, bringing increased revenue with 200% more deal registratons over the same period in Q3 2015.
• Announced the availability of Edge Office, a new HCI product for SMBs and ROBO environments that delivers the same simple management and distributed scale-out architecture valued and depended on by enterprise customers.
• Added new policy-driven data protection capabilities to patented storage QoS feature.
• Achieved compatibility certification on the Cisco UCS and UCS Mini computing platforms.

“Pivot3’s platform can support multiple use cases and applications on its infrastructure, in addition to its remarkable scale and efficiencies around storage performance and data protection,” said Scot Tymowicz, desktop configuration engineer, Southern New Hampshire Health System. “Pivot3 was the only solution that provided the level of performance and scalability to deliver the continuous, uninterrupted service that’s critical to our business.“

New chief revenue officer

To maintain and accelerate growth, the company appointed Jamie Lerner as the new chief revenue officer. He is a seasoned executive with more than two decades of experience developing innovative technology portfolios and leading large, high-growth organizations. With experience in cloud computing and data center technology, he has a diverse, well-rounded background and a range of senior leadership experience, including roles as president, cloud systems and solutions at Seagate, GM and SVP for Cisco‘s cloud and systems management technology group, president of Cloud Systems Solutions, and founder and CEO of CITTIO, Inc.

“Pivot3 has the leading HCI technology with its scalability and robust, flexible architecture, so it’s no surprise that this has brought unprecedented growth,” he said. “Pivot3 is smart and fiscally responsible, and delivers solutions that work as advertised. It’s an exciting time to join this world-class team, and I’m thrilled to bring my experience to the table as the company matures and we accelerate our growth.”

“Jamie has an impressive and diverse background as an engineer, start-up founder, CEO and senior executive at leading public companies. He’ll be a valuable asset to the organization and our future success,” said Ron Nash, CEO, Pivot3. “In Q3 2016, our team demonstrated the qualities we need to win – innovation, teamwork, competitive wins and a relentless drive for success. These values are embedded in our culture, which blends well with Jamie’s experience and approach. We have a smart team focused on delivering the best technology that brings real value to customers, and adding new leaders like Jamie will help shepherd the company to new record growth and long-term success.”