DynamicOps Reports Record Growth in 2010; Sales Revenues Increase 200% Volatile Economy and Need for Agility Spur Demand for DynamicOps Automated IT Management Solutions
BURLINGTON, Mass., Feb. 16, 2011 /PRNewswire/ -- DynamicOps, leading provider of private cloud automation software, today announced record growth for 2010, with increased sales, expanded contracts with existing customers and strong new customer adoption, and broader distribution capabilities. DynamicOps attributes these results to a new economic paradigm that requires organizations to be much more agile and efficient in the way they provision and manage IT public and private clouds and virtual desktop infrastructure.
"Companies need to conduct business much differently than they did even a few years ago. They must be able to quickly capitalize on opportunities and adapt to unexpected changes," said Richard Krueger, CEO for DynamicOps. "To enable this level of responsiveness and set the foundation for future growth, organizations around the world are ramping up cloud and virtualization initiatives. Private cloud adoption, in particular, is happening at breakneck speed. Increasingly, enterprises are selecting DynamicOps to help them deliver IT resources quickly and cost-effectively and manage thousands of servers and desktops."
According to Cameron Haight, Research Vice President at Gartner, Inc., "The signals of a potentially improving economy suggest that companies once more need to be planning for business growth. We believe that IT service management technology that helps companies to identify and quickly adapt to changing business needs will be increasingly important over the next few years."
Highlights of DynamicOps Achievements in 2010
- Growth: DynamicOps reported 200% year-over-year revenue growth. The company made significant inroads with new and existing customers, including Dow Jones, Credit Suisse, Man Group and Buckingham University. It realized a 115% increase in new customers, while 75% of existing customers expanded their implementations. Overall, its average deal size grew by an impressive 155%. To handle burgeoning demand for its products, DynamicOps doubled its number of employees. It also moved its headquarters to a facility with more than 30,000 square feet of space, after having outgrown quarters that it had moved to just a year earlier.
- Strategic partnership: DynamicOps signed a multi-year licensing and distribution agreement with Dell. The DynamicOps platform is an important foundation of Dell's Virtual Integrated System, which helps companies scale IT environments to match workloads.
- Product expansion: DynamicOps debuted the DynamicOps Cloud Automation Center, which provides IT on-demand by automating the management of servers and desktops, both virtual and physical, in private and public clouds worldwide.
Global Organizations Rely on DynamicOps
Companies depend on DynamicOps to help them quickly deliver IT resources so that they can improve business processes and meet higher customer demand for their offerings. Organizations that selected DynamicOps over competitor products include Dow Jones and Man Group.
- Dow Jones had to deploy IT resources faster and streamline provisioning and managing of on-demand computing. After an intensive three-month technology bake-off, Dow Jones chose DynamicOps Cloud Automation Center to define and automate the delivery of on-demand IT services. "We wanted to internally innovate our infrastructure," explained Altaf Rupani, Vice President of Global Systems Services at Dow Jones. "We wanted to automate, speed up the process, and institute controls for the proper deployment, management, and use of IT resources."
- Man Group wanted to manage its expanding virtualization and cloud environment, as well as its physical assets, with a single platform. According to Neil Smith, Global Platform Engineering for Man Group, "DynamicOps has reduced the provisioning cycle from days to minutes. As we expand to thousands of VMs, this reduction will greatly improve initial service delivery and ongoing management, while lowering operational costs."
"We have a vast pipeline of new sales opportunities and many existing customers have aggressive plans to scale their initial deployments. Much of this is due to the fact that private cloud adoption is growing at an unprecedented rate—one that is much faster than the industry anticipated. Successful management of on-demand IT is a must for companies to participate successfully in their markets," added Krueger.
DynamicOps software has been running in enterprises for more than five years, beginning with deployment across four data centers at Credit Suisse before the financial services company launched DynamicOps to offer a commercial virtualization management solution in 2008.
DynamicOps solutions transform the way cloud and virtual desktop infrastructure environments are managed so that organizations can quickly respond to and capitalize on market changes. The DynamicOps Cloud Automation Center (DCAC) platform provides automated delivery and management of on-demand IT services, enabling enterprise orchestration of service delivery in private and public clouds. Global 1000 organizations rely on the DCAC platform to significantly improve business agility and flexibility in managing IT resources, while allowing IT to maintain governance and control and reduce operational costs. The company is privately held and based in Burlington, MA. www.dynamicops.com.