500% Yearly Growth for Virsto

Virsto Software Corp. announced continued company momentum and a record quarter, capping a record FY12 with 500% year-over-year growth for the company’s fiscal year ending July 31, 2012.

In addition to new products and storage hypervisor innovation, it experienced accelerated customer traction around the world and across industry verticals, including healthcare, transportation, education and technology.

Virsto saw increased enterprise demand for a cost effective approach to storage for virtualized environments across multiple use cases, including VDI, test and development, database virtualization and private cloud implementations. During the company’s fiscal Q4, existing customers continued to expand their deployments, while the company signed new enterprise deals in both the Microsoft Hyper-V and VMware markets.

New customer implementations
added in recent months include:

• AVG, in security software, protecting more than 110 million consumers and small business computer users
• Microsoft, in software, services and solutions
• OSIsoft, in highly-scalable and secure infrastructure for the management of real-time data and events
• Koch Logistics, a transportation logistics company providing 3rd party shipping, transportation, and distribution services
• University of CA, a California university system that includes more than 220,000 students and more than 170,000 faculty and staff
• Dimence, a provider of mental health care located in the Netherlands with more than 2,400 employees in 60 locations
• Mochahost, a provider of professional hosting, web design, e-commerce, and Internet promotion services
• Fiserv, a provider of information management and electronic commerce systems for the financial services industry
• San Diego State University, the largest institution of higher education in the San Diego region and one of the largest in California

FY12 company milestones include:

• Recognized as an AlwaysOn OnDemand Top 100 and Global 250 winner in the Cloud and Infrastructure‚ category and winner of Best Storage Savings in the Citrix Ready Storage Challenge
• Additions to the sales organization driving enterprise engagements including top performers from EMC, NetApp, and Dell
• Signed distribution and partner agreements with Synnex, Dell, and VCEE
• Deepened its commitment to Citrix desktop virtualization solutions with the release of a beta program for Citrix XenDesktop on vSphere
• Launched Virsto 2.5 for Windows Server Hyper-V
• Extended storage hypervisor with release of Virsto for vSphere and Virsto for Virtual Servers, Hyper-V Edition, 2.0
• Added a follow on investment of $5 million to its series B round of venture equity funding

Virsto developed a storage hypervisor purpose built for VMs and is a close of VMware, Citrix and Microsoft. Its software enables customers to reap the benefits of server and desktop virtualization.

"Virsto’s 500% revenue growth was spectacular. The strong customer and market response to the storage hypervisor, in both the Hyper-V and VMware markets, and its key role as the missing link to delivering the software-defined datacenter, gives us tremendous momentum," said Mark Davis, CEO, Virsto.

"Virsto has developed differentiated storage hypervisor software that takes a unique approach by delivering a range of crucial storage management services – such as high performance, thin provisioned snapshots and clones – at the VM level, while still reducing or removing the IO bottlenecks that plague many virtualized environments. Virsto delivers the abstracted storage resources necessary to achieve the requisite high utilization and extreme flexibility that are the storage hallmarks of a software defined datacenter," said Mark Peters, senior analyst, ESG.