Altaro Announces 40% Year-over-Year Revenue Growth as User Base Surpasses 40,000 Customers

Press release published by: http://www.marketwired.com/

Source URL: http://www.marketwired.com/press-release/altaro-announces-40-year-over-year-revenue-growth-as-user-base-surpasses-40000-customers-2231751.htm

Altaro, a leader in virtual machine data protection, today announced major growth milestones over the past 12 months as the company’s customer base exceeded 40,000 customers globally. The technology driver behind Altaro’s success is VM Backup software, designed specifically to meet the needs of small and midsize enterprises (SMEs) and Managed Service Providers. Since the product’s introduction in 2009 by Altaro, the software has gained widespread adoption and is now a premier choice for Small and Mid-Market organizations.

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According to analysts, the worldwide server virtualization market has matured with many organizations reporting server virtualization rates that exceed 75%1. With upwards of 50 million servers in use worldwide, it is estimated that there are now more than one billion virtual machines deployed globally. The installed base of virtual machines presents an enormous market opportunity for backup and recovery solutions geared for virtual infrastructure. SME backup leader Altaro has enjoyed impressive growth over the past several years, riding on the demand for virtual backup. Today’s announcement highlights the most recent success metrics as the company continues to capture virtual backup marketshare.

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