Double-Digit Revenue Growth Supported by Product Innovation, Industry Leadership and Strengthening of Sales and Executive Teams
OTTAWA–(BUSINESS WIRE)–Embotics®, the hybrid cloud automation and orchestration company, today announced its fiscal year 2018 results, reporting 73 percent growth in overall revenues, a 67 percent increase in new customer wins and a 192 percent increase in existing customer expansion.
“Our accelerated growth in 2018 is proof that more organizations are turning to next-generation cloud management platforms as part of their digital transformation strategies,” said Michael Torto, CEO of Embotics. “Embotics has continually devoted significant time, attention and resources to redefining the CMP market. To have the best year in our company’s history is testament to the hard work and dedication from a great team and an exceptional customer base that pushes us toward constant innovation.”
Leading Enterprises and Service Providers Choose Embotics
Embotics’ record-setting fiscal year was fueled by larger deal sizes addressing the increasing complexity of enterprise cloud environments. Embotics added more new customers in fiscal year 2019 than any previous year. Existing customer expansions were also at an all-time high, as companies rolled out vCommander throughout their growing hybrid cloud environments.
Continued Innovation for vCommander
In the past year, Embotics continued to innovate the award-winning vCommander platform, delivering new customer-driven features and functionality that further enhance Embotics’ ability to deliver power and simplicity to hybrid cloud management.
New innovations to vCommander include:
- The launch of vCommander 7, the first hybrid cloud management platform built for automation, orchestration and governance of both traditional and new microservice-based applications while facilitating DevOps;
- Full support for governance and management of hybrid environments including AWS, Azure, Google Cloud Platform, VMware and Microsoft Hyper-V;
- Extensive cloud expense management and active rightsizing for proactive cost control;
- Intelligent placement algorithms for application workloads factoring cost, resource and business requirements;
- Value add for consuming cloud services brokered through IT, or directly via cloud native APIs;
- Agentless architecture for rapid and secure configuration and deployment;
Industry Recognition and Expanded Management Team
Additionally, Embotics vCommander received recognition from several prominent industry analyst firms. In January 2019, Embotics was named a Leader in the first Gartner Magic Quadrant for Cloud Management Platforms1. In June 2018, Forrester Research named the company a Leader in the Forrester Wave™: Hybrid Cloud Management, Q2 2018. Embotics received the highest possible score in the market approach and commercial model evaluation criteria, the highest score of any vendor evaluated in support services, and the second-highest score for overall strategy.
Fueled by increased demand, Embotics has doubled the size of its global sales team in the past twelve months. The company has strengthened its leadership with several additions and promotions, including:
- Monty Blight named Executive Vice President, Sales and Corporate Development
- Jesse Stockall named Chief Technical Officer
- Brian Clow named Vice President, Engineering
For additional information and access to a free trial of vCommander 7, please visit www.embotics.com.
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About EmboticsEmbotics harmonizes digital business processes for Global 1000 enterprises to accelerate the speed and agility of their developers while ensuring governance and control for IT. The company’s hybrid cloud management platform delivers unparalleled orchestration, automation, cost optimization and end-user self-service capabilities across on-premise, cloud, and containers to get applications and services to market fast. Embotics vCommander is used by organizations including Nordstrom, NASA, Pegasystems, and NTT DATA. For more information, visit http://www.embotics.com, and follow Embotics on Twitter and LinkedIn.
1 Gartner – Magic Quadrant for Cloud Management Platforms, Dennis Smith, Matthew Cheung, Colin Fletcher, Padraig Byrne, January 7, 2019
Dan Gaffneyfama PR for Embotics(617) 986-5036[email protected]
Dan MurphyChief Marketing OfficerEmbotics[email protected]