|By Business Wire||
|March 24, 2014 12:00 AM EDT||
Actifio, the copy data virtualization company, today announced it has secured an oversubscribed $100M funding round led by Tiger Global Management, LLC, with participation from current investors North Bridge, Greylock IL, Advanced Technology Ventures, Andreessen Horowitz, and Technology Crossover Ventures. Actifio will use the funds to accelerate expansion of market coverage, global brand development, and product feature enhancements in the world’s leading data management solution for virtualized and Cloud IT architectures.
“From the start we have focused on building the next great technology brand with a singular focus on delighting our customers with revolutionary technology, enterprise-class service, and transformative business results,” said Ash Ashutosh, Founder and CEO, Actifio. “Having shone a light on the $46 Billion global copy data problem, we will use this funding round to expand our copy data virtualization solution across the Global 2000; enable our cloud service provider partners to build thriving businesses powered by Actifio; and extend the reach of our technology down into an even broader base of the mid-market.”
CIOs worldwide are working to improve business resiliency, increase business agility, and deepen business insights as they move toward public, private, and hybrid cloud-based IT architectures. As applications are modernized to achieve these goals, IT organizations are increasingly challenged by the complexity and cost associated with data – the fuel of these applications – bound to a legacy, infrastructure-centric model. Over the last four years Actifio has delivered business transformation to hundreds of users worldwide with its pioneering information-centric data virtualization paradigm, enabling businesses to move faster, be more resilient, enhance agility, and leverage the insights buried in their data.
The infrastructure-centric model of making and moving an independent copy of data closer to – and storing it for – independent backup, business continuity, dev & test, analytics, and compliance applications results in silos of redundant infrastructure. These are not only expensive, but highly restrictive, slowing access to information and rarely delivering on the service levels necessary for IT organizations supporting modern, always-on, agile businesses.
Actifio’s patented Virtual Data Pipeline™ (VDP) technology meets these evolving needs by enabling enterprise users and service providers to virtualize data management, and decouple their application data from their physical infrastructure. The result is an order-of-magnitude improvement in business resiliency, agility and intelligence; with instant access to information from any point-in-time, for any application, at any location, to support any IT architecture; all while driving down costs by up to 90%.
The company also shared a series of operating metrics representing milestones in its remarkable progress entering 2014:
- 182 percent year-over-year bookings growth in 2013
- Over 300 enterprise users worldwide
- More than 25 cloud service provider partners with Actifio-powered offerings in production or in process, including IBM’s new SmartCloud Data Virtualization (SCDV), and Sungard’s Recover2Cloudsm cloud disaster recovery services
- Customers in 31 countries, with 44% of total bookings outside the United States
- Over 1 Exabyte of data, 14 Petabytes of active application data and 55 Petabytes of physical storage capacity under management
- Global deployments across broad platforms including VMWare, Windows, Linux, AIX, HP-UX, Solaris, AS/400 and others; applications including VMWare, SQL, Oracle, DB2, Exchange, Sharepoint, SAP, and others; in over 25 vertical markets
- 36 patents granted, filed, or acquired.
“Over the last four years Actifio has transformed data from a liability to an asset in hundreds of major enterprises worldwide. Helping customers monetize, analyze, and share their data rather than just store redundant copies of it is the biggest positive disruption in the data center & cloud since server virtualization,” said Jamie Goldstein of North Bridge, Actifio’s original investor and board member. “Ash and the team have both thought big and executed with focus and customer dedication since our investment at inception. This round is just a reflection of the value they’ve built and the huge opportunity ahead.”
“Data is the currency of the modern enterprise. Its value – and its volume – are now growing at a staggering pace,” said Actifio Board Member and Greylock IL Partner Erez Ofer. “For consumers of storage, the reality is eerily similar to the server industry circa the early 2000s, when virtualization unlocked the potential of underutilized server infrastructure.”
“We’re at a turning point in the Enterprise IT market,” said Actifio Independent Board Member Jit Saxena, former Founder, CEO and Chairman of Netezza. “Customers know it, and are looking for a better way to manage their data in a world where IT infrastructure is increasingly commoditized, and data management is increasing strategic.”
“Actifio’s simple, elegant solution addresses the copy data problem with a modern architecture, allowing users to virtualize copy data the way VMWare virtualized computing power, bringing efficiency to data storage in the era of modern cloud-based computing,” said Actifio Board Member and G20 Ventures Co-Founder Bob Hower. “It’s a great team chasing a great opportunity, 100% focused on delivering great results to customers. That’s a formula for success.”
“Almost whatever you do, the data you produce doing it has huge value,” said Peter Levine, partner of Andreessen Horowitz. “Companies across every industry are struggling not only to protect that data, but to put it to work; to provide deeper insight, improve service, increase sales, and enhance profitability. Actifio's copy data virtualization makes data available when and where you need it, just as server virtualization did for compute in the current generation of data centers. In the data center of the future, that’s going to be a very big deal.”
“By deploying the Actifio platform, users can access data when and where they need it, while collapsing the infrastructure, complexity, and cost of the 20th century data management model,” said Actifio Board Member Rick Kimball, Founding General Partner of Technology Crossover Ventures. “We think Actifio represents a transformational technology, and we’re glad to be a part of the story.”
WATCH: The live broadcast of Actifio’s upcoming platform release. Visit http://info.actifio.com/launch to pre-register for the live broadcast of Actifio’s latest product announcement, hosted by CEO Ash Ashutosh, featuring the Actifio product team, current customers, and leading analyst perspectives.
Tiger Global Management
Tiger Global is a fundamentally oriented, global investment firm. The Firm deploys capital in private equity partnerships and public equity funds. Tiger Global’s private equity partnerships have ten-year investment horizons and invest in growth companies in the global Internet and technology sectors. Tiger Global’s private investments have included SurveyMonkey, Warby Parker, Yandex, Facebook, Linkedin, Jingdong, Despegar, Mail.ru Group, Ctrip, Flipkart, Makemytrip, Justdial, Netshoes, MercadoLibre, OnDeck, and Eventbrite. The Firm’s public equity funds focus on long-term trends in the technology, telecom, media, retail and consumer sectors. Tiger Global was founded in 2001 and is based in New York.
Actifio delivers copy data virtualization to hundreds of global enterprise customers and service provider partners in more than 30 countries around the world. Our Virtual Data Pipeline™ technology decouples data from infrastructure, enabling dramatic improvements in business resiliency, agility, and access to the cloud. Actifio replaces siloed data management applications with a radically simple, application-centric, SLA-driven approach that lets customers capture data from production applications, manage it more economically, and use it when and where they need to. Actifio is headquartered just outside Boston, Massachusetts, and can be reached via the web (actifio.com,) Twitter (@actifio,) or email at [email protected].
Dave will share his insights on how Internet of Things for Enterprises are transforming and making more productive and efficient operations and maintenance (O&M) procedures in the cleantech industry and beyond. Speaker Bio: Dave Landa is chief operating officer of Cybozu Corp (kintone US). Based in the San Francisco Bay Area, Dave has been on the forefront of the Cloud revolution driving strategic business development on the executive teams of multiple leading Software as a Services (SaaS) ap...
Apr. 19, 2015 06:30 PM EDT Reads: 722
Health care systems across the globe are under enormous strain, as facilities reach capacity and costs continue to rise. M2M and the Internet of Things have the potential to transform the industry through connected health solutions that can make care more efficient while reducing costs. In fact, Vodafone's annual M2M Barometer Report forecasts M2M applications rising to 57 percent in health care and life sciences by 2016. Lively is one of Vodafone's health care partners, whose solutions enable o...
Apr. 19, 2015 06:00 PM EDT Reads: 795
How do you securely enable access to your applications in AWS without exposing any attack surfaces? The answer is usually very complicated because application environments morph over time in response to growing requirements from your employee base, your partners and your customers. In his session at 16th Cloud Expo, Haseeb Budhani, CEO and Co-founder of Soha, will share five common approaches that DevOps teams follow to secure access to applications deployed in AWS, Azure, etc., and the frict...
Apr. 19, 2015 05:45 PM EDT Reads: 1,443
SOASTA, the leader in performance analytics, today reported record growth of the CloudTest community, exceeding 30,000 registered users of the CloudTest platform in Q1 2015. SOASTA also announced widespread adoption of its Web and mobile testing solutions, with more than 1,600 customers completing more than 285,000 tests using CloudTest during the quarter. This rapid growth shows that DevOps-driven digital businesses are embracing a more continuous approach to testing, and CloudTest is meeting t...
Apr. 19, 2015 05:00 PM EDT Reads: 1,103
While DevOps most critically and famously fosters collaboration, communication, and integration through cultural change, culture is more of an output than an input. In order to actively drive cultural evolution, organizations must make substantial organizational and process changes, and adopt new technologies, to encourage a DevOps culture. Moderated by Andi Mann, panelists will discuss how to balance these three pillars of DevOps, where to focus attention (and resources), where organizations m...
Apr. 19, 2015 05:00 PM EDT Reads: 1,737
With IoT exploding, massive data will transform businesses with opportunities to monetize almost anything that can be measured. In this C-Level Roundtable Discussion at @ThingsExpo, Brendan O’Brien, Aria Systems Co-founder and Chief Evangelist, will lead an expert panel of consultants, thought leaders and practitioners who will look at these new monetization trends, discuss the implications, and detail lessons learned from their collective experience. Finally, the panel will point the way forw...
Apr. 19, 2015 05:00 PM EDT Reads: 1,458
of cloud, colocation, managed services and disaster recovery solutions, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. TierPoint, LLC, is a leading national provider of information technology and data center services, including cloud, colocation, disaster recovery and managed IT services, with corporate headquarters in St. Louis, MO. TierPoint was formed through the strategic combination of some of t...
Apr. 19, 2015 04:00 PM EDT Reads: 1,377
How is unified communications transforming the way businesses operate? In his session at WebRTC Summit, Arvind Rangarajan, Director of Product Marketing at BroadSoft, will discuss how to extend unified communications experience outside the enterprise through WebRTC. He will also review use cases across different industry verticals. Arvind Rangarajan is Director, Product Marketing at BroadSoft. He has over 19 years of experience in the telecommunications industry in various roles such as Softw...
Apr. 19, 2015 04:00 PM EDT Reads: 1,605
SYS-CON Events announced today that Vicom Computer Services, Inc., a provider of technology and service solutions, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. They are located at booth #427. Vicom Computer Services, Inc. is a progressive leader in the technology industry for over 30 years. Headquartered in the NY Metropolitan area. Vicom provides products and services based on today’s requirements...
Apr. 19, 2015 02:00 PM EDT Reads: 1,435
The 5th International DevOps Summit, co-located with 17th International Cloud Expo – being held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the...
Apr. 19, 2015 12:45 PM EDT Reads: 2,048
What exactly is a cognitive application? In her session at 16th Cloud Expo, Ashley Hathaway, Product Manager at IBM Watson, will look at the services being offered by the IBM Watson Developer Cloud and what that means for developers and Big Data. She'll explore how IBM Watson and its partnerships will continue to grow and help define what it means to be a cognitive service, as well as take a look at the offerings on Bluemix. She will also check out how Watson and the Alchemy API team up to off...
Apr. 19, 2015 12:00 PM EDT Reads: 1,503
The IoT Bootcamp is coming to Cloud Expo | @ThingsExpo on June 9-10 at the Javits Center in New York. Instructor. Registration is now available at http://iotbootcamp.sys-con.com/ Instructor Janakiram MSV previously taught the famously successful Multi-Cloud Bootcamp at Cloud Expo | @ThingsExpo in November in Santa Clara. Now he is expanding the focus to Janakiram is the founder and CTO of Get Cloud Ready Consulting, a niche Cloud Migration and Cloud Operations firm that recently got acquir...
Apr. 19, 2015 12:00 PM EDT Reads: 1,121
The 17th International Cloud Expo has announced that its Call for Papers is open. 17th International Cloud Expo, to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, APM, APIs, Microservices, Security, Big Data, Internet of Things, DevOps and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding bu...
Apr. 19, 2015 12:00 PM EDT Reads: 2,099
SYS-CON Media announced today that John Treadway’s blog has exceeded 475,000 page views. John Treadway, Vice President at Cloud Technology Partners, has surpassed 475,000 page views on the SYS-CON family of online magazines, which includes Cloud Computing Journal, Internet of Things Journal, Big Data Journal, Microservices Journal, and several others. His blog home page at SYS-CON can be found at JohnTreadway.SYS-CON.com.
Apr. 19, 2015 10:15 AM EDT Reads: 1,416
ProfitBricks has launched its new DevOps Central and REST API, along with support for three multi-cloud libraries and a Python SDK. This, combined with its already existing SOAP API and its new RESTful API, moves ProfitBricks into a position to better serve the DevOps community and provide the ability to automate cloud infrastructure in a multi-cloud world. Following this momentum, ProfitBricks has also introduced several libraries that enable developers to use their favorite language to code ...
Apr. 19, 2015 10:00 AM EDT Reads: 1,398