Herndon, Virginia – (The Hosting News) – May 8, 2007 – Server virtualization firm, SWsoft, in the first quarter of 2007, reported revenue growth of more than 140 percent over the first quarter of 2006, surpassing its previous rate of 134 percent for 2006 overall.
The company’s virtualization revenue grew by more than 600 percent during Q1 2007 as compared to Q1 2006. The company also continues to enjoy strong quarter-to-quarter sequential growth. Virtualization products now account for a larger portion of SWsoft revenues with virtualization software growth a reflection of accelerating industry demand. SWsoft estimates that more than 50 of the top Fortune 500 companies now use Virtuozzo software. Current customers include arvato mobile, Association of American Medical Colleges, Cox Communications and Murphy Oil Corporation.
The company’s virtualization products include Virtuozzo, which provides operating system server virtualization, as well as desktop virtual machine software from Parallels. The company plans to introduce a server version of its Parallels product in 2007. SWsoft also develops and markets a complete set of automation products with rapidly-growing sales on the Microsoft Windows platform.
Serguei Beloussov, CEO of SWsoft remarked, ”We are pleased that the momentum of 2006 has carried over into the first part of the new year, and in fact, accelerated our revenues, which are in the tens of millions. We view these results as recognition of our innovative solutions as well as acceptance of SWsoft as a growing leader in each of our three core markets. SWsoft is committed to extending its product line to help consumers, hosters and corporate customers get the most out of virtualization and automation.”
The company believes that new partnerships have helped to increase momentum, and adoption of OS virtualization.
Several leading technology companies joined with SWsoft to help drive adoption of operating system virtualization in the data center, including:
– An agreement with Microsoft helps provide support for customers running Virtuozzo for Windows Server software.
– An agreement with Novell to ship Virtuozzo in a bundle with Novell’s SUSE Linux Enterprise software.
– SWsoft joined the HP ProLiant Partner Program and the two companies validated software running on HP ProLiant servers.
Parallels desktop virtualization continues to acquire customers and industry accolades as a desktop virtualization software. Parallels Desktop for Mac is one of the fastest selling titles for Mac and has received numerous awards, including:
– PC World Innovation of the Year
– MacWorld Expo 2007 “Best in Show”
automation software lineup has expanded, with new product introductions, extending the company’s data center automation presence. PEM, the company’s data center automation solution for service providers added support for Blackberry and Good Technologies that gives service providers the ability to offer hosted e-mail solutions to their customers. Also, the company partnered with MIVA Small Business Solutions, Inc. to deliver easy e-commerce capabilities as part of the SWsoft Plesk control panel solution for service providers.
Founded in 1999, SWsoft is a recognized leader in server automation and virtualization software. With more than 10,000 customers in over 100 countries, SWsoft’s suite of products delivers proven performance, reliability, manageability and value. With offices around the world; SWsoft is a high growth company, funded by Bessemer Venture Partners, Insight Venture Partners and Intel Capital, offering comprehensive solutions â€“ transparently integrated through the OPEN FUSION Initiative – including Virtuozzo, Plesk, SiteBuilder, HSPcomplete and PEM.
For more information about SWsoft’s Parallels, please visit: www.parallels.com.
To learn more about SWsoft, please visit: www.swsoft.com.