Growing Demand for Active-Active Database Technology Drives Record Revenue Growth at xkoto
Second quarter revenues soar as demand grows for GRIDSCALE as cost-effective solution for availability and scalability WALTHAM, Mass.--(Business Wire)-- xkoto (www.xkoto.com), the database virtualization company, today reported record revenues for the second quarter of 2009, a 170 percent growth over the same period last year. The company benefitted from the increasing demand for continuous availability and scale-out solutions in both IBM DB2 and Microsoft SQL Server environments. During the first half of 2009, xkoto saw dramatic growth both in increased customer adoption and in the number of companies evaluating GRIDSCALE. The Department of Homeland Security (DHS) recently selected GRIDSCALE for DB2 to provide continuous availability and performance for critical modernization initiatives at the Transportation Security Administration (TSA). GRIDSCALE will help ensure 24x7 availability for Secure Flight, a behind-the-scenes program that makes travel safer and easier for millions of Americans. For more information about Secure Flight, visit http://www.tsa.gov/what_we_do/layers/secureflight/. In addition to the Department of Homeland Security, new customers added in the first half include Gamesys, Louisiana State University, Filiadata GmbH, Omnigon Communications LLC, DSV A/S, QVC, Inc., and Intium Services. Several of these organizations are leaders in their respective industries. For example, Gamesys is the fastest growing online gaming company in the U.K., while QVC, Inc. is one of the largest multimedia retailers in the world. These organizations chose GRIDSCALE to eliminate downtime, improve scalability and dramatically lower the cost required to manage and maintain business-critical databases. Information about xkoto customers can be found at http://www.xkoto.com/resources/casestudies.php. Factors contributing to this increased interest include the growing need to eliminate downtime for critical business applications, to increase database performance without costly hardware upgrades, and to meet stringent disaster recovery requirements. xkoto continued to garner industry recognition in the first half of 2009, including the following: * GRIDSCALE for SQL Server was named Best of Microsoft TechEd 2009 * xkoto was recognized by Gartner as a "Cool Vendor" in virtualization and IT operations * xkoto was named Red Herring 100 finalist * The company was chosen for the first annual InformationWeek Startup 50 program * David Patrick, xkoto President and CEO, was named a "CEO of the Year" finalist by Mass Technology Leadership Council For organizations using SQL Server, xkoto announced it joined Microsoft`s Technology Center (MTC) Alliances Program. GRIDSCALE for SQL Server will be installed globally in 18 centers, enabling MTC staff to evaluate, benchmark and architect active-active database technology for use with critical applications. "Initial reception to our SQL Server product has been overwhelmingly positive, while demand for our DB2 solution continues to grow," said David Patrick, President and CEO of xkoto. "Bottom line - downtime can no longer be tolerated and businesses must get the most out of their existing IT infrastructure. We look forward to growing our business as more organizations turn to GRIDSCALE to meet these and other critical requirements." GRIDSCALE is an active-active solution that virtualizes the database infrastructure. It enables businesses to distribute application load across multiple instances of commercial databases running on clusters of low-cost hardware, on mid-range systems, on virtual machines and in the cloud. With GRIDSCALE, businesses can improve application performance and achieve continuous availability for business-critical applications. For more information, visit http://www.xkoto.com/gridscale. About xkoto xkoto, the database virtualization company, enables businesses to ensure optimal performance for mission-critical applications. GRIDSCALE provides continuous database availability, eliminating planned and unplanned downtime, and delivering low-cost disaster recovery solutions. xkoto and GRIDSCALE have received numerous accolades, including 2008 InformationWeek "Startup of the Year, "Gartner "Cool Vendor in IT Operations and Virtualization," Red Herring 100 finalist, and Best of Microsoft TechEd 2009. For more information, visit http://www.xkoto.com or call 1.416.440.7001. Aquarius Advisers Mel Webster, 617-494-9800 mwebster@aquariusadvisers.com Copyright Business Wire 2009
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