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 developer of the most advanced, patented cloud and container resource management technology. Densify’s software gives the world’s largest organizations the ability to automate cloud and container resource management and improve application performance, allowing them to proactively select cloud resources in the most financially-prudent way. With Densify, cloud engineers, IT finance teams, and container platform owners are able to ensure that applications continuously get the resources they need at the lowest possible spend.