Xsigo Tripled Y/Y Revenues From 2009

Xsigo Systems, Inc., in I/O virtualization, announced company milestones in 2010. Over the past 12 months Xsigo launched two virtual I/O products; experienced significant growth from customers, partners and investors; and achieved record revenue growth.

2010 Highlights

• Tripled revenue year-over-year from 2009
• Experienced major customer growth, with over 100 customers now in production deployments at hundreds of data centers world-wide
• Launched the world’s first card-free virtual I/O, enabling data center convergence on standard Ethernet
• Launched new I/O Director that delivers the industry’s highest server throughput at 4X the performance of 10G Ethernet
• Expanded worldwide partner base to include – Forsythe, Fujitsu, Capgemini, Sirius, Promark, S3, Kelway, Insight Investments, EPS Global, Zycko, Intercept-IT, Nexstor, Silverstring, Lexher IT, and Solution Centre
• Secured funding from new investors including North Bridge Venture Partners and Marc Benioff, chairman and CEO of salesforce.com
• Expanded presence into Africa – virtual I/O technology is now available on five continents

"Xsigo has paved the way for companies to build data centers that are ultra-efficient, simple to manage and offer the flexibility needed to support fast-changing business requirements," said Ray Lane, partner at Kleiner Perkins Caufield & Byers, a Xsigo investor. "The rapid increase in the demand for Xsigo’s virtual I/O technologies will only accelerate when, as Gartner predicts, enterprise customers triple their use of virtualization technologies over the next four years."

Xsigo now has over 100 customer deployments around the world including leading service providers, telcos, global financial firms, entertainment companies, government agencies, universities, online auction sites, including VMware, salesforce.com, Avaya, Newedge, New England Biolabs, and Wholesale Electric.

At a 2010 VMworld press event hosted by Xsigo, executives from Dell, salesforce.com, and Kleiner Perkins Caufield & Byers supported Xsigo’s newest product – an Ethernet-attached virtual I/O. This launch marked a milestone in the transformation of the data center and in making cloud computing a reality on a global scale. Event speaker, John Doerr of Kleiner Perkins Caufield & Byers summarized the significance of the new product and supported Xsigo in taking a stand against vendor lock-in from companies like Cisco. Xsigo’s bold marketing strategy placed Xsigo on Cisco’s competitive radar and encouraged Network World blogger, Jim Duffy to write The Cisco Connection: Cisco’s 800 pound data center gorilla: Xsigo.

"Data center managers must have virtual I/O technologies such as Xsigo’s as they virtualize more applications, and as they increasingly virtualize their most I/O-intensive applications such as Oracle, SQL, and Microsoft Exchange," said Lloyd Carney, CEO of Xsigo Systems. "Only Xsigo delivers 4X the performance of Cisco, eliminates Cisco’s solution lock-in, and simplifies management with a single-screen view of data center I/O – the attributes that drove our success in 2010 and will continue to drive growth in 2011."

Awards and Accolades
Xsigo has won a number of awards including: The Wall Street Journal Technology Innovation Award in the Network / Internet Technologies category; being named Storage Magazine‘s Product of the Year in the networking equipment category; being identified by Byte and Switch as a Top 10 Storage Startup to Watch"; being named by Virtualization Review Magazine as Take Five: Innovative Vendor; and being identified by eWeek as a Top 10 Disruptive New Storage Technology.