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xkoto Reports Record Revenues and Strong Customer Growth in 2008

Strategic Insights

— 1 min read

xkoto, a leading provider of database virtualization solutions, reported record revenues and strong customer growth in 2008, driven by growing demand for its GRIDSCALE solution. The company's fourth quarter revenue soared by 275 percent over the same period in 2007, while annual revenues grew 73 percent over 2007. Major new customers, including BNSF Railway, CNN, and the Toronto Police Department, adopted GRIDSCALE to eliminate downtime, improve scalability, and lower costs for managing and maintaining business-critical databases.

Key Takeaways:

  • xkoto reported a 275 percent increase in fourth quarter revenue over the same period in 2007, driven by growing demand for GRIDSCALE database virtualization software.
  • Annual revenues grew 73 percent over 2007, indicating strong customer adoption and market traction for the company's solutions.
  • Major new customers, such as BNSF Railway, CNN, and the Toronto Police Department, chose GRIDSCALE to eliminate downtime, improve scalability, and reduce costs for managing business-critical databases.
  • xkoto received industry recognition in 2008, including being named "Startup of the Year" by InformationWeek and being a finalist for the Best of IBM's Information on Demand Conference.
  • The company expanded its channel program with new distribution and consulting partners, including several European companies, and added Fourth Millennium Technologies as a new partner.

Statistics:

  • 275 percent increase in fourth quarter revenue over the same period in 2007
  • 73 percent growth in annual revenues over 2007
  • 275 percent revenue growth in the fourth quarter of 2008 compared to the same period in 2007
  • 73 percent annual revenue growth in 2008 over 2007

Sources:

  • xkoto press release, http://www.xkoto.com
  • InformationWeek article, http://www.informationweek.com.

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