AppDynamics Announces Revenue Growth of 142% and 13 Quarters of Consecutive
2013 Enterprise Customer Wins Include Kroger, Fandango, and Qualcomm
SAN FRANCISCO, May 7, 2013
SAN FRANCISCO, May 7, 2013 /PRNewswire/ --AppDynamics, Inc., the
next-generation application performance management (APM) solution that
simplifies the management of complex apps, today announced record Q1 revenue
growth of 142%, which caps off 13 consecutive quarters of sequential growth.
2013 has seen AppDynamics establish itself as the premier APM provider for
enterprise organizations, including high-profile customers such as Qualcomm,
BJC, Fandango, UPS, Lockheed Martin, and Kroger, as well as the United
Kingdom's National Health Service and BSkyB, Brazil's Petrobas, and France's
"We've set our sights on aggressive growth targets in the enterprise space,
and we're pleased to report we're exceeding those targets through the sheer
customer demand for what our solution can deliver," said Joe Sexton, President
of Worldwide Field Operations for AppDynamics. "Given the rapidly changing
technological demands being placed on most companies today, I'm not surprised
we're beating out other APM vendors for new business. In fact, our win rate in
2013 has been phenomenal: 80% against Compuware, 93% against New Relic, and
100% against CA Wily. I personally believe that has a lot to do with our
company's amazing Net Promoter Score of 82, and the fact that enterprise
companies need the most robust and adaptable APM platforms possible in order
to stay competitive."
AppDynamics also achieved several other milestones in the first part of 2013.
In January, the company secured a $50 million funding round from top VC firms.
In March, AppDynamics unveiled the first Application Run Book Automation
solution that addresses business impact within seconds; using real-time
analytics, the Run Book solution allows companies to monitor and manage
application performance with a single product. Also in March, AppDynamics
extended support beyond JAVA and .NET to include the PHP platform. In the same
month, the company released AppDynamics for Databases, a database monitoring
platform that provides insight into database performance issues. The database
offers universal database diagnostics covering Oracle, SQL Server, DB2,
Sybase, PostgreSQL, and MySQL database platforms.
"Companies worldwide are responding to AppDynamics' disruptive approach to
application performance management," said Jyoti Bansal, Founder and CEO of
AppDynamics. "We're standing at the forefront of a generational change
regarding how web applications are managed: modern applications are no longer
monolithic in nature but are highly distributed and dynamic, fueled by
architectural trends like Cloud, Big Data and Agile Development. As a result,
we're leading the charge in next-generation management technology to address
this generational shift in web architectures. We've also combined that unique
technology platform with an 'easy-to-use' approach that enables Development
and Operations teams to be up and running on AppDynamics within minutes."
AppDynamics is the next-generation application performance management solution
that simplifies the management of complex, business-critical apps. No one can
stand slow applications—not IT Ops and Dev teams, not the CIO, and definitely
not end users. With AppDynamics, no one has to tolerate slow performing apps
ever again. AppDynamics customers include Netflix, Priceline, TiVo, AMICA
Insurance, Hotels.com, StubHub, Staples, Insight Technologies, and Cornell
University. For more information, visit http://www.appdynamics.com.
SOURCE AppDynamics, Inc.
Contact: Greg Howard, AppDynamics, firstname.lastname@example.org, 415.442.8428
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