nutanix
NASDAQ: NTNX 49.65 +3.22 +6.94% 09/18/2018 Volume: 6,071,093 Minimum delay 20 minutes.

Nutanix Announces $20m+ Deal, Largest In Company History

09/10/2018

Agency within the U.S. Department of Defense Will Use the Nutanix Enterprise Cloud Platform Software to Power Edge Cloud

SAN JOSE, Calif.--(BUSINESS WIRE)-- Nutanix, Inc. (NASDAQ:NTNX), a leader in enterprise cloud computing, today announced it closed the largest deal in company history in Q4 of fiscal 2018, worth more than $20m with an agency in the U.S. Department of Defense. The customer will use Nutanix software to operate 15 remote sites running two different networks.

This customer selected the Nutanix Enterprise Cloud Platform software for its reliability and resiliency even at the edge after its previous solution was crippled by power losses and complex operations. These power losses resulted in IT teams spending harrowing hours coaxing the previous solutions back to life to avoid data loss, all at the detriment of operations near these sites.

According to IDC, “edge computing is growing increasingly important in IoT environments with intermittent access to connectivity, low tolerance for network latency, or high security requirements.”1 These remote sites require robust software platforms that can support specialized hardware and, more importantly, quickly and securely process data on-site, eliminating the challenges of transmitting vast amounts data back to a centralized cloud over unreliable network connections.

“Government agencies face enormous pressure to control costs, streamline IT infrastructure, and maintain application performance from basic IT functions to critical national security tasks,” said Chris Howard, Vice President, Public Sector Sales, Nutanix. “The simplicity, ease of use and overall great value of our software is why U.S. federal organizations have been such early and sustained adopters of our platform. We’re excited to continue to supporting their missions.”

This deal was one of five worth more than $1m in the U.S. federal vertical, and one of 46 worth more than $1m overall in Q4. These deals indicate increasing momentum among large customers as the company continues an aggressive and successful shift toward a software-defined business.

As government agencies increasingly shift attention toward modernizing IT infrastructure to take advantage of the cloud, approximately 350 have adopted the Nutanix Enterprise Cloud Platform software to reduce IT silos, cost and complexity within their infrastructure, creating an ideal foundation for the hybrid cloud. With native virtualization capabilities, application automation, centralized management, one-click upgrades, and government-grade security features, Nutanix can support any application at any scale.

For more information on our Q4 fiscal 2018 results, visit the IR section of our website. More information on our solutions for U.S. federal can be found here.

About Nutanix

Nutanix is a global leader in cloud software and hyperconverged infrastructure solutions, making infrastructure invisible so that IT can focus on the applications and services that power their business. Companies around the world use Nutanix Enterprise Cloud OS software to bring one-click application management and mobility across public, private and distributed edge clouds so they can run any application at any scale with a dramatically lower total cost of ownership. The result is organizations that can rapidly deliver a high-performance IT environment on demand, giving application owners a true cloud-like experience. Learn more at www.nutanix.com or follow us on Twitter @nutanix.

© 2018 Nutanix, Inc. All rights reserved. Nutanix, the Nutanix logo, and all product and service names mentioned herein are registered trademarks or trademarks of Nutanix, Inc. in the United States and other countries. All other brand names mentioned herein are for identification purposes only and may be the trademarks of their respective holder(s).

1 IDC, Edge Computing: The Next Stage of Datacenter Evolution IDC Data Center Team, April 2018 US43727418

Nutanix, Inc.
Tonya Chin, 408-560-2675
tonya@nutanix.com
or
Kate Reed, 973-534-9292
kreed@nutanix.com

Source: Nutanix, Inc.