Exinda Achieves Record Sales Growth in Q2 2011
Exinda, a global provider of WAN optimization and application performance management solutions, achieved record sales growth and product development milestones in Q2 2011.
The company achieved revenue growth of more than 130% for both the three and six months ended June 30, 2011, compared with the same periods in 2010
Officials say the growth was fueled by the expansion of its sales and support capabilities in both domestic and key international markets.
The company also reported sequential quarterly revenue growth of 29% compared with Q1 2011.
“Exinda’s growth has outpaced many in our industry, and we continue to attract new customers and expand our market reach with our Unified Performance Management approach to managing and optimizing WAN traffic,” said Michael Sharma, CEO of Exinda. “While we are excited about the rapid pace of our new customer growth, we are extremely pleased that a large percentage of our existing customers are placing follow-on orders for Exinda’s solutions. We will continue to invest in delivering the high level of service that our customers deserve as we build out our teams in key markets.”
Among the new customers that selected Exinda in Q2 2011 were higher education facilities including Ryerson University and Ball State University. Vodafone (News – Alert) and GITN were among the existing telecommunications customers that placed follow-on orders for Exinda’s WAN Optimization solutions.
Q2 2011 Highlights
Exinda expanded its technology leadership and market presence during the second quarter of 2011. The company expanded the capabilities of its WAN Optimization technologies with the introduction of the Exinda Edge Cache™, the Network Reporting Centre, and its ExOS 6.1 software. The ExOS 6.1 release includes several key features and enhancements including the Exinda Edge Cache™, increased Optimization Scalability, and support for IPv6. These features address network issues including the increase in rich media such as video traffic on the WAN, the growing number and complexity of users and devices, and the rising demand for a better user experience.
“The Exinda Edge Cache and other features in our ExOS 6.1 software release address many of the specific challenges our customers are facing today, such as the growth of video traffic and virtualization. I am proud of our team’s ability to execute on our product development initiatives and deliver solutions that make a difference to our customers’ businesses,” added Sharma.
In Q2, the company strengthened its global sales capabilities with the addition of a new VP of Sales for EMEA; total company headcount has almost doubled in the past 12 months. Exinda also increased its market presence through its participation in several industry events including Interop (News – Alert) in Las Vegas and HP Discover.