GRAND RAPIDS, Mich., March 08, 2018 (GLOBE NEWSWIRE) -- Blue Medora today announced highlights of its fourth quarter and 2018 fiscal year, with dramatic global growth across sales size and volume.
Leading enterprises from government, transportation, technology, telecommunications, pharma and consumer product industries are leveraging Blue Medora’s monitoring integrations to unlock the full potential of their APM, ITOA, and IT Infrastructure Monitoring environments.
Over the past year, Blue Medora grew bookings by more than 79% and increased its customer base by 63%. Blue Medora expanded dramatically in both the EMEA and APAC regions with 150% and 130% bookings growth respectively. The year also culminated with the announcement of a new service, BindPlane – a category-defining approach to delivering IT monitoring integration as a service.
BindPlane is a first-of-its-kind monitoring integration service that streams health and performance data from the top enterprise technologies to the world's best IT performance monitoring and analytics platforms. It disrupts the established market by providing a single monitoring integration service that collects deep metrics and enhanced relationships across the entire IT stack--part of a proprietary innovation referred to as dimensional data.
“As environments become more complex--including hybrid and multi-cloud environments--we’re seeing our customers looking for more than just siloed views into metrics. They are looking for context,” said Nathan Owen, CEO and founder of Blue Medora. “Enterprises have recognized the ROI delivered by Blue Medora’s API-driven approach to collecting data and integrating that data into their monitoring environments. As a direct result of customers recognizing that ROI, in the company's most recent quarter, Blue Medora closed its first $1M transaction with a cable carrier, and rapidly thereafter its first $2M transaction with an automobile manufacturer.”
FY18 Overview
FY18 was a year of significant breakthroughs for the company, with strong growth in both the innovation and sales areas of the business. These primarily focused on providing best-in-class observability into hybrid and multi-cloud environments for monitoring and analytics platforms.
- Welcomed new enterprise customers including Anheuser-Busch, Wells Fargo and Turner Broadcasting.
- Expanded the number of monitored integrations by 75% YoY; notable new supported technologies included Amazon AWS (over 30 distinct services), Microsoft Azure, Cohesity, Google Cloud, HPE 3PAR, IBM SoftLayer, and Docker.
- Now integrated with the four leading public clouds, Blue Medora is able to provide advanced multi-cloud monitoring.
- Grew the number of channel partners and distributors in its 5-star rated partner program by inking a rare reseller agreement with the VMware Solution Provider Program (formerly vCAN) and a new distributor agreement with Lifeboat.
- Secured an $8 million Series B-1 round in October 2017 led by First Analysis.
- Appointed its first full-time Chief Financial Officer Pat Deane, as well as Vice President of Worldwide Channels, Bill Cordero and first Vice President of Marketing, Aaron Rudger.
Blue Medora continues to advance delivering IT monitoring integration as a service. Since its founding, Blue Medora has innovated deep performance inspection capabilities across disparate enterprise technologies, at tremendous scale and quality. BindPlane now supports 100 distinct technologies, enhancing the monitoring and analytics engines of VMware, New Relic, Oracle and others. Blue Medora’s unique “full stack” approach to the monitoring integration challenge solves unique challenges for customers seeking best of breed telemetry and management across multiple IT teams, operating across hybrid/heterogeneous environments.
About Blue Medora
Blue Medora’s pioneering IT monitoring integration as a service eliminates traditional approaches to monitoring-focus data collection. Its software easily connects system health and performance data--no matter its source--with the world’s leading monitoring and analytics platforms, breaking barriers to today’s IT challenges.
Contact:
Ann O’Leary
Blue Medora
ann.oleary@bluemedora.com
P: +1 650 996 0778
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