Toronto, Ontario – December 18, 2018 – Densify, the leader in the Cloud Optimization software market, today announced the results and completion of its fiscal year ending October 31, 2018. With demand for its software exceeding company expectations, the growth in its hybrid cloud annual contract value (ACV) increased over 300% year-over-year. Additionally, Densify saw a 100% increase in inbound market interest as measured by software trial requests.
“Cloe, our ‘Cloud-Learning Optimization Engine,’ has been a runaway success from a hybrid cloud market interest and adoption standpoint,” said Gerry Smith, CEO at Densify. “The Densify team continues to do an extraordinary job at both innovating and bringing much-needed cloud optimization products to market. And, we thank our customers and partners for their continued assistance and support.”
In addition to strong growth, Densify
Added Smith, “As we march on to 2019, it’s clear that based on the market’s response, our unique capabilities, including differentiators such as deep container technology optimization support and our newly-released optimization as code automation, are providing great value to our customers. We look forward to another stellar year as we focus on our hybrid cloud customers and their successes with Densify.”
For more information, please see www.densify.com.
Densify is the next-generation cloud optimization software company for CloudOps. Densify delivers Cloe, a machine learning cloud optimization engine which makes applications self-aware and self-optimizing—allowing them to automatically match their needs perfectly to cloud resources, 24/7. With 11 patents, Densify technology continuously learns your applications’ usage patterns and automates the function of finding optimal cloud resources. Densify customers achieve 40-80% improvement in application stability, performance, cloud management automation, and reduction in their cloud spend.