Pivot3 Reports Record Growth in First Half of 2016
Pivot3 added more than 400 customers, including clients the company brought on through its acquisition of flash storage vendor NexGen Storage in January.
Pivot3 recently launched and shipped the vSTAC SLX appliance, the first joint product integrating technology from acquisition of NexGen Storage.
SPRING, Texas – Pivot3, a provider of hyper-converged infrastructure solutions, announced today it increased revenue by 103% in the first half of 2016 compared to the second half of 2015. Pivot3 CEO Ron Nash attributes the growth to customers buying the firm’s appliances as a platform rather than for single applications.
Specific financial details were not disclosed.
In a press release, the privately held company said it is adding products and solutions that set it apart from other hyper-converged vendors, such as the new vSTAC SLX appliance featuring Quality of Service (QoS) capabilities.
During the past six months Pivot3 said it added more than 400 customers, including clients the company brought on through its acquisition of flash storage vendor NexGen Storage in March.
“Pivot3 is experiencing record growth, but we are also becoming more efficient as we grow. We are building a company that is competent, innovative, visionary, customer-focused, fast-growing and financially stable, earning our customers’ and industry’s respect,” Nash said.
Pivot3 also announced the appointment Bill Stover as vice president and CFO. Stover most recently served as CFO of Solyndra, a solar panel manufacturing startup. Stover’s prior experience includes 15 years as the vice president of finance and CFO of semiconductor-maker Micron Technology.
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