SAN JOSE, CA and HOPKINTON, MA -- (Marketwire) -- 02/20/13 -- Cisco (NASDAQ: CSCO) and EMC (NYSE: EMC) today announced that demand for their VCE joint venture's products and services has surpassed the $1 billion dollar annual run rate milestone* -- heralding VCE as one of the fastest-growing companies in IT industry history -- and that VCE has shipped its 1,000th Vblock converged infrastructure system in slightly over three years since the company's inception. These milestones come as VCE prepares for the largest product launch in its history, which will be broadcast live tomorrow at 8:00 a.m. PST / 11:00 a.m. EST.
VCE Milestone Achievements:
•$1 Billion Annual Run Rate - In its most recent quarter, demand for VCE products and services surpassed a $1 billion annual run rate, solidifying VCE's place as one of the fastest-growing companies in IT industry history. •1,000th Vblock System Sold - After two years of product availability, VCE recently shipped the 1,000th Vblock system. •#1 Market Share - Gartner has named VCE the leader in the integrated infrastructure segment with a commanding 57.4 percent market share, underscoring the transformative impact VCE is having on their customers' ability to accelerate cloud computing adoption.
Formed in November 2009 by Cisco and EMC, with investments from VMware and Intel, VCE pioneered a new segment of the market with the innovative VCE Vblock pre-integrated converged infrastructure -- the industry's first completely integrated IT offering with end-to-end vendor accountability.
VCE is the only company to engineer, manufacture, deliver and fully support its converged infrastructure offering with end-to-end multi-vendor visibility, enabling the leading time-to-market and one of the lowest total cost-of-ownership (TCO) for converged cloud infrastructure. The Vblock converged infrastructure is designed to standardize processes and product life cycle management to significantly improve application availability and help enable VCE's seamless support experience.
John Chambers, Chairman and CEO, Cisco
"VCE is the outstanding result of the long-standing and successful partnership between EMC and Cisco. VCE continues to lead the converged infrastructure market and is one of the fastest growing companies in the history of IT. By allowing companies to focus on business innovation instead of technology integration, VCE represents the future of IT. Together with EMC, we intend to lead this industry for years to come."
Most Popular Stories
- Boehner Lashes Out Against Ted Cruz, Far Right
- Bitcoin or Bad Coin? Warnings Mount Against Virtual Currency
- TFA Recruiting DACA Recipients
- Cheap Gas Drives Down U.S. Wholesale Prices Again
- Expanding Medicaid Creates Jobs: Study
- Robert Levinson Was on CIA Mission
- Producer Price Index Dropped in November
- 'Dreamers' Hope for Permanent Immigration Status
- Beyonce Releases New Album With No Marketing
- Hawaii Official Who Release Obama Certificate Only Victim of Plane Crash