PHILADELPHIA, PA
– January 13, 2012 – PHD Virtual
Technologies, pioneer and innovator in virtual
machine backup and recovery, and provider of virtualization monitoring
solutions, announced record revenue for fiscal year 2011. PHD Virtual continued its trend of strong quarterly
growth, with the fourth quarter of 2011 marking the sixth consecutive quarter
of record revenue growth for the company.
The company achieved significant growth in its customer base with new
customer acquisition growing by 75%.
PHD Virtual recorded strong product growth across its VMware
and Citrix product lines both domestically and internationally during the
year. The company invested in expanding
its business with the addition of key distributors in international markets
which helped to accelerate international revenue growth, including more than a
50% increase in revenue from the EMEA region.
The company also saw success expanding into new markets and increasing
sales to existing customers with new releases of its data protection solution
and the addition of its new comprehensive monitoring solution, PHD Virtual
Monitor.
The new PHD Virtual Backup and Replication version 5.3 was
released in the fourth quarter, extending the company’s flagship data
protection solution with virtual machine replication, faster performance, and
flexible archiving technologies that provide an easier, more cost effective solution
for disaster recovery of VMware and Citrix virtual environments. Its PHD Virtual Backup solution continued to
achieve significant competitive wins over other vendors including Veeam, Quest
and Symantec. Most commonly cited by
customers was PHD Virtual’s ability to provide a robust data protection and
disaster recovery solution that was significantly easier and more cost
effective than alternatives.
“The business
continued to grow sharply through 2011 and we are very pleased to record our
sixth consecutive quarter of record growth,” said Thomas Charlton, chairman and
CEO, PHD Virtual. “We built a solid foundation for the business throughout the
year, while expanding our portfolio of data protection and management solutions
to take advantage of continued growth in the virtualization market. 2012 will see continued expansion of our
product portfolio with planned enhancements and new technologies targeted at
optimizing data protection, monitoring and management for the rapidly growing
Cloud, Service Provider and Virtual Desktop (VDI) Markets.”
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.
Press
Contact:
Brian Nason
briann@phdvirtual.com
267-298-5355
