02.27.2018 Press Release
ThousandEyes Continues Growth and Expansion as Digitization Dominates Global CIO Agenda
Growth in Digital Business Fuels Need for Network Intelligence to Manage Digital Experiences
ThousandEyes, the Network Intelligence company that delivers visibility into every network, today shared year-end results and key accomplishments from its fiscal year 2018. As digital business and transformation initiatives further increased enterprise reliance on the Internet, ThousandEyes nearly doubled bookings and revenue in domestic and international markets, adding Fortune 500 and Global 2000 customers at a rapid clip as global CIOs and network teams demanded visibility into the fragmented, Internet-centric networks powering their digital businesses. ThousandEyes also announced key industry partnerships, two new office locations, additions to the leadership team and several new product innovations, demonstrating measurable growth across every aspect of the business.
"The defining challenge that enterprises face today is in making sure they deliver compelling digital experiences that rely on the Internet—that erratic set of infrastructure, networks and services they don't own or control," said Mohit Lad, CEO and co-founder. "The pace at which we're seeing Fortune 500 and Global 2000 companies adopt ThousandEyes demonstrates the criticality of Network Intelligence and applying a data-driven approach to planning, deploying and operationalizing digital services delivered across that ever-shifting Internet landscape."
Strong Business Growth Across Domestic and International Markets
Customers continue to validate ThousandEyes Network Intelligence. The company brought on hundreds of new customers, including 12 new Fortune 500 customers and 31 of the Global 2000. ThousandEyes now counts eight of the top ten global software companies, and five of the top six U.S. banks as customers.
ThousandEyes opened two new offices in London and Tokyo as international demand for Network Intelligence continues to increase in response to both digital business and transformation initiatives, and continued adoption of cloud. According to the latest press release from IDC * summarizing their Worldwide Semiannual Public Cloud Services Spending Guide, in 2018 "the United Kingdom and Germany will lead public cloud spending in Western Europe at $7.9 billion and $7.4 billion respectively, while Japan and China will round out the top 5 countries in 2018 with spending of $5.8 billion and $5.4 billion, respectively."
Building a World Class Executive Team
ThousandEyes made two significant additions to the executive team in the past year. Paul Kizakevich was named senior vice president of worldwide sales. Before joining ThousandEyes, Paul spent seven years at CA Technologies, most recently as senior vice president of global sales for their Continuous Delivery Business Unit. Prior to CA Technologies, Paul held leadership positions at Accenture and Consonus Technologies. Also, Alex Henthorn-Iwane joined as vice president of product marketing. Alex brings more than twenty years of experience in enterprise and carrier networking, security and software, building global marketing and product teams. In previous roles at both Kentik and QualiSystems, he oversaw worldwide marketing, and at Packet Design Inc. he led both marketing and product management.
"Many of the world's most recognized brands rely on ThousandEyes to help them deliver an exceptional experience for their customers, partners, and employees," said Paul Kizakevich, senior vice president of worldwide sales at ThousandEyes. "This is a truly unique opportunity because of the unrivaled visibility and insights ThousandEyes provides into business services traversing the global Internet, empowering companies to optimize their revenue-generating online services, increase enterprise cloud deployments, proactively address cybersecurity, and ultimately turn their digitization strategy into action."
Committed to Serving Customers Through Innovation and Partnerships
ThousandEyes announced a number of new partnerships, programs and product capabilities in fiscal year 2018:
- A strategic partnership with Juniper Networks to provide insights into network performance and application delivery across the changing hybrid wide area network (WAN) of service providers and enterprises.
- ThousandEyes announced a new release for enterprises adopting unified communications as a service (UCaaS) applications. Full Voices Tests provides seamless visibility of performance and connectivity across UCaaS, on-premises and hybrid VoIP deployments and can anticipate issues before they impact users while ensuring a smoother migration to a cloud service delivery model.
- Device Layer, a new capability that adds network device health context to ThousandEyes Path Visualization was released enabling organizations to automatically discover and analyze the impact of device health on application experience.
- Expanded support from ThousandEyes for insights into IPv6-enabled networks enables enterprises to effectively plan, manage and ensure business continuity during these inherently complex network transitions caused by the need to accommodate dual-stack approaches and sheer magnitude of addresses.
- Lastly, ThousandEyes achieved ISO 27001 certification, reaffirming its commitment to data protection through this reputable and internationally recognized standard providing requirements for an information security management system.
Industry Leadership and Customer Engagement Highlights
ThousandEyes Connect is a live event where network engineers and web performance practitioners share their experiences tackling tough performance challenges. ThousandEyes Connect events were held in Santa Clara, Seattle, Chicago and New York City, featuring presentations from leading companies, such as Columbia Sportswear, Intuit, Jones Lang LaSalle, McGraw-Hill Education, Microsoft, Netflix, PayPal, United Airlines, and Viacom.
In the past year, ThousandEyes was recognized by multiple industry analyst firms, validating the solution and value ThousandEyes is providing to customers and the market. Nancy Gohring, 451 Research Senior Analyst, Application and Infrastructure Performance, said in a report entitled In a cloudy world, ThousandEyes delivers clear vision, "In a world that is increasingly shifting to the cloud, more businesses will be looking for products like those from ThousandEyes to help gain visibility into user traffic that travels over the public network."
In addition, ThousandEyes was named a Representative Vendor in the 2017 Market Guide for Unified Communications Monitoring written by Vivek Bhalla and Rafael A. Benitez. ThousandEyes was also recognized with an Honorable Mention in Gartner's 2018 Magic Quadrant for Network Performance Monitoring and Diagnostics written by Sanjit Ganguli, Vivek Bhalla and Pankaj Prasad.
- Source: IDC Press Release, Worldwide Public Cloud Services Spending Forecast to Reach $160 Billion This Year, According to IDC, January 2018.
ThousandEyes delivers visibility into every network an organization relies on, enabling them to optimize and improve application delivery, end-user experience and ongoing infrastructure investments. Leading companies such as Equinix, ServiceNow and Twitter, as well as eBay and other members of the Fortune 500, use ThousandEyes to improve performance and availability of their business-critical applications. ThousandEyes is backed by Sequoia Capital, Sutter Hill Ventures, Tenaya Capital and GV (formerly Google Ventures), and has headquarters in San Francisco, CA. For more information, visit https://www.thousandeyes.com or follow us on Twitter at @ThousandEyes.