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Forbes Ranks Virtual Instruments Sixth Most Promising Company in AmericaContinued Growth and Innovation Propel Virtual Instruments to Top 10 in List of 100 Private Companies With Promising Growth Prospects (December 01, 2011)
SAN JOSE, CA -- (Marketwire) -- 12/01/11 -- Virtual Instruments, the leader in IT infrastructure optimization solutions, has been ranked sixth on Forbes' list of America's Most Promising Companies. The list features 100 privately held up-and-comers with compelling business models, strong management teams, notable customers, strategic partners and precious investment capital.
"Sizing up younger, privately held companies is hard: their fortunes can change very quickly and there's a dearth of public data," says Forbes Executive Editor Brett Nelson. "We took a more comprehensive approach to evaluate their health and potential."
Over the last year, Virtual Instruments has continued to expand its market reach within the Global 2000 with sales increasing by over 200%. In addition, the company has nearly doubled the number of full-time employees, including the recent hiring of Chief Financial Officer George Harrington. In August, Virtual Instruments introduced VirtualWisdom 3.0, the industry's only real-time, vendor-independent, cross-domain infrastructure optimization solution. VirtualWisdom 3.0 helps companies maximize ROI by dramatically improving infrastructure performance and availability, reducing operating and capital expenditures, and accelerating the transition of business-critical applications to a private cloud environment.
"Forbes' recognition of the hard work and commitment from everyone at Virtual Instruments is a real honor and it celebrates the spirit of innovation and team work that has fostered our company's growth," said John W. Thompson, CEO of Virtual Instruments. "Our top-ten ranking is a true testament to the depth of industry expertise we bring to the market, and most importantly, the unique value we provide our customers."
To sharpen its search, Forbes teamed up with CB Insights, a Manhattan-based data firm that tracks investment in high-growth private companies. With $650,000 in grants from the National Science Foundation, CB has developed complex software called Mosaic that mines myriad online sources (from press releases and social networks to job boards and court filings) to come up with one, algorithmically derived score that measures a private company's health. Forbes married Mosaic's data-crunching with old-fashioned reporting to assemble a list of rising stars with bright growth prospects. To view the complete the list, please visit www.forbes.com/ampc.
About Virtual Instruments
Virtual Instruments offers the award-winning VirtualWisdom and SANInsight infrastructure optimization solutions that provide deep monitoring and analysis of how the virtualized IT infrastructure and the SAN affect business-critical application performance. Global 2000 customers across a broad range of industries achieve significant cost savings in virtualization and SAN deployments by optimizing utilization, performance and availability of IT resources. The company was founded in June 2008 via a spin-out from Finisar Corp.; it has headquarters in San Jose, Calif., and can be found online at http://www.virtualinstruments.com.
Voce Communications on behalf of Virtual Instruments
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