▾ G11 Media Network: | ChannelCity | ImpresaCity | SecurityOpenLab | Italian Channel Awards | Italian Project Awards | Italian Security Awards | ...
InnovationOpenLab

VergeIO Nears Triple-Digit Year-Over-Year Gains in Key Metrics to Close Out Successful 2024

VergeIO, a leader in ultraconverged infrastructure (UCI), recorded another record-breaking quarter with key wins in new customers, annual recurring revenue and expanded partnerships to place the compa...

Business Wire

ANN ARBOR, Mich.: VergeIO, a leader in ultraconverged infrastructure (UCI), recorded another record-breaking quarter with key wins in new customers, annual recurring revenue and expanded partnerships to place the company in a position of strength for sales and marketing gains throughout 2025.

Backed by enhancements to the VergoOS platform, VergeIO booked 100 percent more new annual contract value (ACV) than the prior quarter and 12 percent more than VergeIO’s previous record set in Q1 2024. Closings of new customers during the quarter likewise nearly doubled, achieving a new company record of new logo closings in a quarter.

Inbound webforms received grew to over 2,000 during Q4 setting a new record by 100 percent. Increased channel investments have resulted in nearly 100 new partners in Q4, resulting in a record 140 deals in the quarter. To date, VergeIO has interacted with 9,000 companies, providing avenues for expanded deal opportunities for years to come.

Buoyed by its success as a viable alternative to VMware, VergeIO made additional gains with those looking to leverage VergeOS for AI workloads. A global hyperscaler is funding a proof of concept (POC) showing how VergeOS can virtualize NVIDIA’s latest GPU to be used remotely on another host for AI workloads. Additionally, VergeIO demonstrated to analysts and media at AWS Re:Invent record-setting performance on inexpensive hardware and, in partnership with Solidigm, on enterprise-class gear.

This fourth-quarter success marks the jumping-off point for future endeavors planned by the company. VergeIO anticipates winning additional new enterprise accounts with the launch of VergeOS on a global data center provider’s bare-metal offerings.

“Thanks to our team’s hard work, ingenuity, and an awesome product in VergeOS, Q4 2024 was another record-setting quarter for VergeIO,” said Yan Ness, CEO of VergeIO. “With a pipeline and forecast significantly higher than where we started Q4, we are set up for a great start to 2025.”

About VergeIO

VergeIO is the future of virtualization and *the* leading VMware Alternative. Unlike hyperconverged infrastructure (HCI), its ultraconverged infrastructure (UCI) collapses the traditional IT stack (computing, storage, and networking) into an integrated data center operating environment, VergeOS. Its efficiency enables greater workload density using existing hardware while improving data resiliency. The result is dramatically lower costs, improved availability, and greatly simplified IT.

For more information about VergeIO and its solutions, visit www.verge.io

Fonte: Business Wire

If you liked this article and want to stay up to date with news from InnovationOpenLab.com subscribe to ours Free newsletter.

Related news

Last News

RSA at Cybertech Europe 2024

Alaa Abdul Nabi, Vice President, Sales International at RSA presents the innovations the vendor brings to Cybertech as part of a passwordless vision for…

Italian Security Awards 2024: G11 Media honours the best of Italian cybersecurity

G11 Media's SecurityOpenLab magazine rewards excellence in cybersecurity: the best vendors based on user votes

How Austria is making its AI ecosystem grow

Always keeping an European perspective, Austria has developed a thriving AI ecosystem that now can attract talents and companies from other countries

Sparkle and Telsy test Quantum Key Distribution in practice

Successfully completing a Proof of Concept implementation in Athens, the two Italian companies prove that QKD can be easily implemented also in pre-existing…

Most read

Morning Walk Finds Its Stride as Mid-Market Brands Embrace Performance…

Morning Walk, the modern performance branding company known for building brands while driving scalable business results, announced today a surge in growth…

Glean Brings Together Industry Leaders and AI Visionaries Driving the…

Work AI leader Glean today announced its lineup of powerhouse industry speakers - from Fortune 500 CEOs to AI-first disruptors - set to take the stage…

Dassault Systèmes and Airbus Extend Strategic Partnership to Use Virtual…

#3DEXPERIENCE--Dassault Systèmes (Euronext Paris: FR0014003TT8, DSY.PA) and Airbus have extended their long-term strategic partnership, putting the 3DEXPERIENCE…

CORRECTING and REPLACING Saviynt Hires Identity Veteran Roger Hsu to Accelerate…

Headline of release issued April 22, 2025, at 9:30 p.m. PT/April 23, 2025, at 12:30 a.m. ET should read: Saviynt Hires Identity Veteran Roger Hsu to Accelerate…

Newsletter signup

Join our mailing list to get weekly updates delivered to your inbox.

Sign me up!