Welcome!

Cloud Expo Authors: Yeshim Deniz, Elizabeth White, Liz McMillan, Carmen Gonzalez, Pat Romanski

Blog Feed Post

WHIPTAIL Raises $31 Million in Series C and Strategic Funding From Investors Including SanDisk to Drive Flash-Storage Adoption

New CFO Joins Executive Team to Guide Fiscal Policy into 2013

WHIPPANY, NJ - Dec 13, 2012 - WHIPTAIL, the data storage-industry innovator powering faster and more energy-efficient computing for today's global businesses via flash storage, today announced a $31 million investment, including strategic investments from flash-memory leader SanDisk as well as an unnamed Silicon Valley industry titan. Ignition Partners, RRE Ventures and Spring Mountain Capital also contributed to this Series C funding and Silicon Valley Bank provided debt financing.

"The intersection of performance and efficiency has never been more important as companies and organizations are moving to new technologies like flash storage to drive the top and bottom lines," said WHIPTAIL CEO Dan Crain. "The new investors we've added to our existing team demonstrate the confidence they have in our vision. This funding will ensure continued growth of WHIPTAIL and accelerate our product roadmap through 2013, with groundbreaking products coming over the next 12 months that will leave our competition scrambling to catch up."

The investment will fund growth in WHIPTAIL's engineering team and accelerate global expansion. In addition, the company announced a new chief financial officer to lead WHIPTAIL's fiscal policy into 2013 and beyond.

WHIPTAIL's significant growth across its customer base, revenue and employees worldwide is a testament to the leadership and innovation provided in its all-flash storage arrays. The company has achieved triple digit year-over-year revenue growth as more than 150 customers are now utilizing WHIPTAIL's INVICTA and ACCELA arrays to power more than a quarter of a billion IOPS. To accommodate this expansion, WHIPTAIL's employee base has increased by almost 500 percent in 2012.

SanDisk has announced an investment in WHIPTAIL via SanDisk Ventures, the company's newly formed strategic investment arm.

"Enterprise storage represents a significant growth opportunity for flash, and SanDisk is excited to invest in innovative companies such as WHIPTAIL, which are bringing breakthrough system solutions to their enterprise customers," said Sumit Sadana, Executive Vice President and Chief Strategy Officer at SanDisk. "Increasingly, customers are turning to flash-based solutions to address the need to access big data at lightning-fast speed, and do so with elegant, scalable, power-efficient systems from leading companies like WHIPTAIL."

For Richard Fade, a partner at Ignition, the moves coming from WHIPTAIL have justified their investment in the company from the beginning.

"Enterprise SSD is white hot - it's becoming affordable for the datacenter, enabling competitive advantage and becoming a key tier of storage in many industries and applications," he said. "WHIPTAIL is building the best implementations in the market. While others have been building hype, WHIPTAIL has quietly been delivering the fastest, most flexible and cost effective products in the market."

Catherine Chandler, former CFO of Vitrue and Liaison Technologies, joins WHIPTAIL executive team
On the coattails of the strategic financing agreement, WHIPTAIL announced the hiring of CFO Catherine Chandler. Chandler brings more than 25 years of experience to WHIPTAIL. She previously served as CFO of Vitrue, a social marketing technology platform purchased by Oracle in 2012, and Liaison Technologies, an integration and data management technology services company with operations in the U.S. and Europe.

"Cathy comes to us with a strong background in tech and manufacturing, two areas where her fiscal leadership will pay strong dividends for WHIPTAIL," said Crain. "We've built a world class organization here in New Jersey and we need world class leadership across executive management. Adding Cathy brings Finance in line with our other divisions."

Prior to Vitrue and Liaison Technologies, Chandler served as division controller for Georgia-Pacific and as corporate treasurer and controller for Savannah Foods & Industries.

"As a CFO, the fast-paced world of tech startups is extremely challenging," said Chandler. "It's all about planning, execution and sound financial management. I've worked with everything from the Global 100 down to startups and WHIPTAIL is as exciting an opportunity as I've had in my professional career."

About WHIPTAIL
WHIPTAIL is a data storage-industry innovator powering faster and more energy-efficient computing for today's global businesses via flash storage. The company's technology dramatically accelerates application performance and lowers costs for enterprises harnessing cloud computing, virtualization and big data. Based in Whippany, N.J., WHIPTAIL is run by Wall Street IT veterans and backed by investors including Ignition Partners, RRE Ventures and Spring Mountain Capital. Move your data at the speed of life at http://www.whiptail.com/.

PR Contact Information:
Kevin Balentine
Manager, Press/Analyst Relations
888-550-8136 ext. 24
[email protected]

Joe Ferrary
Horn on behalf of WHIPTAIL
646-202-9785
[email protected]

###

WHIPTAIL, the WHIPTAIL logo, ACCELA and INVICTA are trademarks of WHIPTAIL. All other trademarks are the property of their respective owners.

Read the original blog entry...

More Stories By RealWire News Distribution

RealWire is a global news release distribution service specialising in the online media. The RealWire approach focuses on delivering relevant content to the receivers of our client's news releases. As we know that it is only through delivering relevance, that influence can ever be achieved.

Cloud Expo Latest Stories
With the explosion of the cloud, more businesses are transitioning to a recurring revenue model to generate reliable sales, grow profits, and open new markets. This opportunity requires businesses to get to market quickly with the pricing and packaging options customers want. In addition, you will want to take advantage of the ensuing tidal wave of data to more effectively upsell, cross-sell and manage your customers. All of this is possible, but only with the right approach. At 15th Cloud Expo, Brendan O'Brien, Co-founder at Aria Systems and the inventor of cloud billing panelists, will lead a panel discussion on what it takes to launch and manage a successful recurring revenue business. The panelists will offer their insights about what each department will need to consider, from financial management to line of business and IT. The panelists will also offer examples from their success in recurring revenue with companies such as Audi, Constant Contact, Experian, Pitney-Bowes, Teleko...
Planning scalable environments isn't terribly difficult, but it does require a change of perspective. In his session at 15th Cloud Expo, Phil Jackson, Development Community Advocate for SoftLayer, will broaden your views to think on an Internet scale by dissecting a video publishing application built with The SoftLayer Platform, Message Queuing, Object Storage, and Drupal. By examining a scalable modular application build that can handle unpredictable traffic, attendees will able to grow your development arsenal and pick up a few strategies to apply to your own projects.
Come learn about what you need to consider when moving your data to the cloud. In her session at 15th Cloud Expo, Skyla Loomis, a Program Director of Cloudant Development at Cloudant, will discuss the security, performance, and operational implications of keeping your data on premise, moving it to the cloud, or taking a hybrid approach. She will use real customer examples to illustrate the tradeoffs, key decision points, and how to be successful with a cloud or hybrid cloud solution.
The cloud provides an easy onramp to building and deploying Big Data solutions. Transitioning from initial deployment to large-scale, highly performant operations may not be as easy. In his session at 15th Cloud Expo, Harold Hannon, Sr. Software Architect at SoftLayer, will discuss the benefits, weaknesses, and performance characteristics of public and bare metal cloud deployments that can help you make the right decisions.
Over the last few years the healthcare ecosystem has revolved around innovations in Electronic Health Record (HER) based systems. This evolution has helped us achieve much desired interoperability. Now the focus is shifting to other equally important aspects – scalability and performance. While applying cloud computing environments to the EHR systems, a special consideration needs to be given to the cloud enablement of Veterans Health Information Systems and Technology Architecture (VistA), i.e., the largest single medical system in the United States.
Cloud and Big Data present unique dilemmas: embracing the benefits of these new technologies while maintaining the security of your organization’s assets. When an outside party owns, controls and manages your infrastructure and computational resources, how can you be assured that sensitive data remains private and secure? How do you best protect data in mixed use cloud and big data infrastructure sets? Can you still satisfy the full range of reporting, compliance and regulatory requirements? In his session at 15th Cloud Expo, Derek Tumulak, Vice President of Product Management at Vormetric, will discuss how to address data security in cloud and Big Data environments so that your organization isn’t next week’s data breach headline.
Scott Jenson leads a project called The Physical Web within the Chrome team at Google. Project members are working to take the scalability and openness of the web and use it to talk to the exponentially exploding range of smart devices. Nearly every company today working on the IoT comes up with the same basic solution: use my server and you'll be fine. But if we really believe there will be trillions of these devices, that just can't scale. We need a system that is open a scalable and by using the URL as a basic building block, we open this up and get the same resilience that the web enjoys.
Is your organization struggling to deal with skyrocketing volumes of digital assets? The amount of data is growing exponentially and organizations are having a hard time managing this growth. In his session at 15th Cloud Expo, Amar Kapadia, Senior Director of Open Cloud Strategy at Seagate, will walk through the essential considerations when developing a cloud storage strategy. In this discussion, you will understand the challenges IT is facing, why companies need to move to cloud, and how the right cloud model can help your business economically overcome the data struggle.
If cloud computing benefits are so clear, why have so few enterprises migrated their mission-critical apps? The answer is often inertia and FUD. No one ever got fired for not moving to the cloud – not yet. In his session at 15th Cloud Expo, Michael Hoch, SVP, Cloud Advisory Service at Virtustream, will discuss the six key steps to justify and execute your MCA cloud migration.
The 16th International Cloud Expo announces that its Call for Papers is now open. 16th International Cloud Expo, to be held June 9–11, 2015, at the Javits Center in New York City brings together Cloud Computing, APM, APIs, 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 business opportunity. Submit your speaking proposal today!
Most of today’s hardware manufacturers are building servers with at least one SATA Port, but not every systems engineer utilizes them. This is considered a loss in the game of maximizing potential storage space in a fixed unit. The SATADOM Series was created by Innodisk as a high-performance, small form factor boot drive with low power consumption to be plugged into the unused SATA port on your server board as an alternative to hard drive or USB boot-up. Built for 1U systems, this powerful device is smaller than a one dollar coin, and frees up otherwise dead space on your motherboard. To meet the requirements of tomorrow’s cloud hardware, Innodisk invested internal R&D resources to develop our SATA III series of products. The SATA III SATADOM boasts 500/180MBs R/W Speeds respectively, or double R/W Speed of SATA II products.
In today's application economy, enterprise organizations realize that it's their applications that are the heart and soul of their business. If their application users have a bad experience, their revenue and reputation are at stake. In his session at 15th Cloud Expo, Anand Akela, Senior Director of Product Marketing for Application Performance Management at CA Technologies, will discuss how a user-centric Application Performance Management solution can help inspire your users with every application transaction.
SYS-CON Events announced today that Gridstore™, the leader in software-defined storage (SDS) purpose-built for Windows Servers and Hyper-V, will exhibit at SYS-CON's 15th International Cloud Expo®, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Gridstore™ is the leader in software-defined storage purpose built for virtualization that is designed to accelerate applications in virtualized environments. Using its patented Server-Side Virtual Controller™ Technology (SVCT) to eliminate the I/O blender effect and accelerate applications Gridstore delivers vmOptimized™ Storage that self-optimizes to each application or VM across both virtual and physical environments. Leveraging a grid architecture, Gridstore delivers the first end-to-end storage QoS to ensure the most important App or VM performance is never compromised. The storage grid, that uses Gridstore’s performance optimized nodes or capacity optimized nodes, starts with as few a...
SYS-CON Events announced today that Cloudian, Inc., the leading provider of hybrid cloud storage solutions, has been named “Bronze Sponsor” of SYS-CON's 15th International Cloud Expo®, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Cloudian is a Foster City, Calif.-based software company specializing in cloud storage. Cloudian HyperStore® is an S3-compatible cloud object storage platform that enables service providers and enterprises to build reliable, affordable and scalable hybrid cloud storage solutions. Cloudian actively partners with leading cloud computing environments including Amazon Web Services, Citrix Cloud Platform, Apache CloudStack, OpenStack and the vast ecosystem of S3 compatible tools and applications. Cloudian's customers include Vodafone, Nextel, NTT, Nifty, and LunaCloud. The company has additional offices in China and Japan.
SYS-CON Events announced today that TechXtend (formerly Programmer’s Paradise), a leading value-added provider of server and storage virtualization, and r-evolution will exhibit at SYS-CON's 15th International Cloud Expo®, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. TechXtend (formerly Programmer’s Paradise) is a leading value-added provider of software, systems and solutions for corporations, government organizations, and academic institutions across the United States and Canada. TechXtend is the Exclusive Reseller in the United States for r-evolution