August 11, 2014 (Mon): Nutanix, the web-scale converged infrastructure company, has announced that it has exceeded an annualized bookings run rate of US$200 million based on the results from its fourth fiscal quarter ending July 31, 2014. This marks the eleventh consecutive quarter of rapid growth for the Company. Nutanix also disclosed that it now has 800 customers, including 29 customers who have purchased more than US$1 million in aggregate products and services, up from 13 such customers in January 2014. Since initial availability in late 2011, Nutanix has achieved strong traction and momentum with its Virtual Computing Platform. Today Nutanix employs over 600 people and has sold products in 43 different countries, up from 30 countries only six months ago.
Nutanix’s rapid growth is fueled in part by a tectonic shift impacting enterprise IT globally. For the first time, many technologies that Google, Amazon, and Facebook use to build and operate datacenters – known in the industry as “web-scale infrastructure” – are now commercially available from Nutanix to companies of all sizes. Nutanix enables enterprises to transform their IT services and operations into a competitive advantage in the cloud era by providing better efficiency, performance and manageability than traditional datacenter solutions.
“We believe there is a significant revolution happening in the datacenter that the industry-at-large is just beginning to recognize,” said Sudheesh Nair, senior vice president of sales and business development, Nutanix. “Nutanix delivers a fundamentally different approach to building enterprise datacenters, and we believe is forcing established vendors to rethink their strategy. We intend to invest aggressively in all functions, particularly in engineering, as we continue to innovate in the years ahead.”
Analysts and partners are also rapidly embracing web-scale converged infrastructure. In June, Gartner positioned Nutanix furthest in the Visionary Quadrant for completeness of vision in the first-ever Magic Quadrant for Integrated Systems. A week later Nutanix announced an agreement with Dell to build the XC Web-scale Converged Appliance. The Dell-branded XC Series combines Nutanix software with Dell hardware and is scheduled for general availability in the fourth calendar quarter of this year.
To support this rapid growth, Nutanix has also expanded its executive ranks. In April, Nutanix appointed Duston Williams as CFO. Mr. Williams is an industry leader with more than 30 years of financial management experience in both public and private technology companies, including 18 years as a CFO.
“My first 60 days at Nutanix have been immersive and fun,” said Duston Williams, chief financial officer, Nutanix. “The disruption happening in one of the largest segments of enterprise IT, with an addressable market exceeding US$50 billion, coupled with the terrific team assembled at Nutanix make this the most exciting opportunity of my career.”