Selected Due to Impressive Company Growth and Datacenter Industry Disruption
SAN JOSE, Calif., June 3, 2013
Nutanix, a leading provider of hyper-efficient, massively scalable and elegantly simple datacenter infrastructure solutions, today announced it has been selected as a winner of Red Herring’s Top 100 North America award, a prestigious list honoring the year’s most promising private technology ventures from the North American business region.
Nutanix received the award due to the company’s considerable momentum throughout the past year. In the past six quarters, Nutanix has grown at 80 percent quarter-over-quarter and achieved an annualized run rate of over $80 million, surpassing the market adoption of all storage, networking and infrastructure startups since the early 2000s. To keep up with growth and customer demand, the company has also added more than 100 employees in the past 12 months.
This award comes on the heels of Nutanix recently being named a “Cool Vendor in Server Technology”1 by Gartner. The analyst firm specifically recognized Nutanix for its clustered, appliance-based approach to compute and storage, which effectively eliminates the need for a storage area network.
Disrupting the Datacenter Market
Traditional datacenters have depended on specialized hardware to function, often with separate hardware elements dedicated to a single function. As a result, many enterprise datacenters have become unpredictable, requiring entire teams to support, manage and scale specific functions. By natively converging compute and storage into a single appliance, Nutanix’s Virtual Computing Platform enables enterprises to deploy efficient and scalable software-defined datacenters. In addition, Nutanix has removed the cost and complexity that typically is found with a network-based storage architecture– truly disrupting the way businesses approach their datacenter needs today and into the future.
Red Herring has been selecting the most exciting and promising start-ups and “scale ups” since 1995. Finalists are still evaluated individually from a large pool of hundreds of candidates based across North America. Twenty major criteria underlie the scoring and process. They include, among others: technological innovation, management strength, market size, investor record, customer acquisition and financial health.
Supporting Quotes
“Nutanix is honored to be named to the prestigious list of Red Herring Top 100 award winners. As the fastest growing enterprise infrastructure company of the past decade, this award reinforces our role as a disruptor in the server and storage marketplaces. We will continue to evolve our converged infrastructure platform to fundamentally improve datacenter efficiency for companies of all sizes.”
– Dheeraj Pandey, CEO of Nutanix
“In 2013, selecting the Top 100 achievers was by no means a small feat. In fact, we had the toughest time in years because so many entrepreneurs have crossed significant milestones so early. But after much thought, rigorous contemplation and discussion, we narrowed our list down from hundreds of candidates from across North America to the Top 100 Winners. We believe Nutanix embodies the vision, drive and innovation that define a successful entrepreneurial venture. Nutanix should be proud of its accomplishment, as the competition was very strong
– Alex Vieux, publisher and CEO of Red Herring
About Nutanix
Nutanix is a global leader in cloud software and hyperconverged infrastructure solutions, making infrastructure invisible so that IT can focus on the applications and services that power their business. Companies around the world use Nutanix Enterprise Cloud OS software to bring one-click application management and mobility across public, private and distributed edge clouds so they can run any application at any scale with a dramatically lower total cost of ownership. The result is organizations that can rapidly deliver a high-performance IT environment on demand, giving application owners a true cloud-like experience. Learn more at www.nutanix.com or follow us on Twitter @nutanix.
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[1] Gartner “Cool Vendors in the Server Market, 2013” by Andrew Butler, Carl Claunch, Mark A. Margevicius and George J. Weiss, May 1, 2013.