Click here to close now.

Welcome!

Cloud Expo Authors: Liz McMillan, Elizabeth White, Roger Strukhoff, Lori MacVittie, Mike Kavis

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.

@CloudExpo Stories
SYS-CON Events announced today that FierceDevOps 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. FierceDevOps keeps software developers and IT operations personnel updated on the latest news and trends around the rapidly evolving role of the traditional IT worker.
SYS-CON Events announced today that Creative Business 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. Creative Business Solutions is the top stocking authorized HP Renew Distributor in the U.S. Based out of Long Island, NY, Creative Business Solutions offers a one-stop shop for a diverse range of products including Proliant, Blade and Industry Standard Servers, Networking, Server Options and...
SYS-CON Events announced today that robomq.io will exhibit at SYS-CON's @ThingsExpo, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. robomq.io is an interoperable and composable platform that connects any device to any application. It helps systems integrators and the solution providers build new and innovative products and service for industries requiring monitoring or intelligence from devices and sensors.
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...
Today, IT is not just a cost center. IT is an enabler and driver of business. With the emergence of the hybrid cloud paradigm, IT now has increasingly more capabilities to create new strategic opportunities for a business. Hybrid cloud allows an organization to utilize multi-tenant public clouds, dedicated private clouds, bare metal hosting, and the associated support and services for the right use cases through an on-demand, XaaS model. This model of IT creates tremendous opportunities for busi...
Business as usual for IT is evolving into a “Make or Buy” decision on a service-by-service conversation with input from the LOBs. How does your organization move forward with cloud? In his general session at 16th Cloud Expo, Paul Maravei, Regional Sales Manager, Hybrid Cloud and Managed Services at Cisco, discusses how Cisco and its partners offer a market-leading portfolio and ecosystem of cloud infrastructure and application services that allow you to uniquely and securely combine cloud busi...
Businesses are looking to empower employees and departments to do more, go faster, and streamline their processes. For all workers – but mobile workers especially – utilizing the cloud to reconnect documents and improve processes without destructing existing workflows can have a dramatic impact on productivity. In his session at 16th Cloud Expo, Mark Grilli, vice president of Acrobat Solutions marketing at Adobe Systems Incorporated, will outline new ways that the cloud is changing the way peo...
SYS-CON Events announced today that Litmus Automation 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. Litmus Automation’s vision is to provide a solution for companies that are in a rush to embrace the disruptive Internet of Things technology and leverage it for real business challenges. Litmus Automation simplifies the complexity of connected devices applications with Loop, a secure and scalable clou...
As Marc Andreessen says software is eating the world. Everything is rapidly moving toward being software-defined – from our phones and cars through our washing machines to the datacenter. However, there are larger challenges when implementing software defined on a larger scale - when building software defined infrastructure. In his session at 16th Cloud Expo, Boyan Ivanov, CEO of StorPool, will provide some practical insights on what, how and why when implementing "software-defined" in the dat...
With the arrival of the Big Data revolution, a data professional is expected to master a broad spectrum of complex domains including data processing, mathematics, programming languages, machine learning techniques, and business knowledge. While this mastery is undoubtedly important, this narrow focus on tool usage has divorced many from the imagination required to solve real-world problems. As the demand for analysis increases, the data science community must transform from tool experts to "data...
WSM International has launched a DevOps services division that offers assessment, consulting and implementation to large enterprises and organizations with complex infrastructures. The concept of DevOps is to blend information technology (IT) software development with operations to optimize the computing infrastructure according to the specific needs of the organization. According to a recent press release from Gartner, "By 2016, DevOps will evolve from a niche strategy employed by large cloud ...
SYS-CON Events announced today that Solgenia 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, and the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Solgenia is the global market leader in Cloud Collaboration and Cloud Infrastructure software solutions. Designed to “Bridge the Gap” between Personal and Professional S...
SYS-CON Events announced today that QTS Realty Trust, one of the nation’s largest and fastest-growing providers of data center facilities and cloud services and a leader in security and compliance, 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. QTS Realty Trust, Inc. (NYSE: QTS) is a leading national provider of data center solutions and fully managed services, and a leader in security and compliance...
SYS-CON Events announced today that WSM International (WSM), the world’s leading cloud and server migration services provider, 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. WSM is a solutions integrator with a core focus on cloud and server migration, transformation and DevOps services.
SYS-CON Events announced today that MangoApps 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., and the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. MangoApps provides private all-in-one social intranets allowing workers to securely collaborate from anywhere in the world and from any device. Social, mobile, and eas...
SYS-CON Events announced today that Emcien 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. Emcien’s vision is to let anyone use data to know the future. Emcien has built an automated, predictive analysis product that improves the lives of real people. Emcien allows people to automate their data analysis so they can build a better future.
The speed of software changes in growing and large scale rapid-paced DevOps environments presents a challenge for continuous testing. Many organizations struggle to get this right. Practices that work for small scale continuous testing may not be sufficient as the requirements grow. In his session at DevOps Summit, Marc Hornbeek, Sr. Solutions Architect of DevOps continuous test solutions at Spirent Communications, will explain the best practices of continuous testing at high scale, which is r...
Internet of Things (IoT) will be a hybrid ecosystem of diverse devices and sensors collaborating with operational and enterprise systems to create the next big application. In their session at @ThingsExpo, Bramh Gupta, founder and CEO of robomq.io, and Fred Yatzeck, principal architect leading product development at robomq.io, will discuss how choosing the right middleware and integration strategy from the get-go will enable IoT solution developers to adapt and grow with the industry, while at...
One of the hottest areas in cloud right now is DRaaS and related offerings. In his session at 16th Cloud Expo, Dale Levesque, Disaster Recovery Product Manager with Windstream's Cloud and Data Center Marketing team, will discuss the benefits of the cloud model, which far outweigh the traditional approach, and how enterprises need to ensure that their needs are properly being met.
SYS-CON Events announced today that the DevOps Institute has been named “Association Sponsor” of SYS-CON's DevOps Summit, which will take place on June 9–11, 2015, at the Javits Center in New York City, NY. The DevOps Institute provides enterprise level training and certification. Working with thought leaders from the DevOps community, the IT Service Management field and the IT training market, the DevOps Institute is setting the standard in quality for DevOps education and training.