REDWOOD CITY, CA--(Marketwired - Dec 2, 2014) - Sumo Logic, the next-generation machine data intelligence company, today announced the appointment of industry veteran Ramin Sayar as president and chief executive officer; more than 100 percent sequential quarter bookings growth; over 500 customers; and a robust ecosystem of partnerships with the industry's top technology innovators in cloud, Big Data, DevOps and machine learning including AWS, Akamai, Chef, SaltStack and ServiceNow. The subject of a separate announcement today, the company also made public its vision for modernizing the backbone of the cloud economy with a utility model for data insights. Sayar hails from VMware, where he was senior vice president and general manager of the Cloud Management Business Unit. Sayar will lead Sumo Logic as it becomes the de facto purpose-built, cloud-based data analytics platform for enterprises to ensure flawless delivery of mission-critical applications and services.
"I am incredibly excited to have Ramin leading Sumo Logic. Sumo is in a massive market -- and already significantly ahead of any other cloud provider for machine data analytics. Ramin's domain experience will immediately scale Sumo's product insight, strategy and partner ecosystem," said Joseph Ansanelli, partner at Greylock Partners. "Perhaps most importantly, Ramin is a natural fit with the founding team. He is a company builder to the core and shares the spirit and dedication of a founder. We are increasingly confident of Sumo's rise as the dominant player in this space."
Sayar's appointment capitalizes on Sumo Logic's existing market traction. By adding Sayar, a seasoned industry veteran who brings a strong track record for building and leading high-growth enterprise organizations, to the management team, Sumo Logic solidifies its position as the major provider for cloud analytics. At VMware, Sayar created the cloud management vision, oversaw the development of the products and go-to-market strategy, and built the fastest growing business unit with nearly $1 billion in revenue, which established VMware as the leading virtualization and cloud management vendor. With 20 years of industry experience, he is a strategic and operating leader of both small and large organizations, and has a strong track record of developing innovative and market-leading products in both emerging and mature markets. Previously, Sayar held a variety of key product executive and leadership roles at marquee companies such as HP Software, Tibco Software, iPlanet, AOL and Netscape. He also serves on the technology and executive boards of various startup companies.
Sumo Logic Exceeds Expectations and Expands Technology Integrations for Next Wave of Growth
Facing an eruption of applications and devices generating data, organizations are looking for a better way to leverage their data streams for actionable insights that lead to new operational efficiencies, agility and improved customer satisfaction. Sumo Logic's market opportunity is vast; traditional solutions fail to meet this need and machine data is expected to grow 15 times by 20201. By 2017 the number of data centers owned by enterprises is expected to plummet2 while the SaaS market will grow to $76 billion3. In addition, there is 3-5 times growth expected in the number of workloads in the public cloud by 2017.
The Sumo Logic platform is a purpose-built cloud service that consolidates all data streams and makes them useful. Delivered in a pay-for-what-you-use utility model, it is a single source of truth for enterprises to make informed decisions when delivering world-class, mission-critical applications and services. Sumo Logic acts as a hub for the New IT, eliminating silos between point solutions as well as structured and unstructured data, providing the visibility and transparency that modern DevOps, IT Ops and Security Ops teams require.
A purpose-built, cloud-based analytics platform, it transforms all data streams into competitive advantage.
The company has already surpassed its business goals for 2014, with company milestones including:
- Grew sequential quarter-over-quarter bookings by over 100 percent in most recent quarter
- Grew the Sumo Logic customer base by more than 300 percent year-over-year and increased bookings by 400 percent
- Added new customers worldwide, including Akamai, Betfair, Brightcove, Interactive Intelligence, Ooyala and WD-40, along with many other leading enterprises across industries
- Named a "Cool Vendor" by Gartner in the Gartner "Cool Vendors in Application Performance Monitoring and IT Operations Analytics, 2014" report
- Expanded the partnership with Amazon Web Services (AWS) to utilize four AWS regions and 12 different AWS Availability Zones to provide greater performance and resiliency to its mission-critical cloud service
- Delivered new technology integrations with Akamai, Chef, CloudPassage, Heroku, New Relic, SaltStack and ServiceNow, among others, to enhance mutual customer satisfaction and market leadership
- Announced the general availability of the Sumo Logic Application for PCI Compliance (Payment Card Industry) and the Sumo Logic Enterprise Security Analytics Suite
- Expanded headcount growth by 250 percent year-over-year
"Sumo Logic is the only logical choice for enterprises that want to take full advantage of the convergence of the Big Data and DevOps megatrends. The cloud-native, purpose-built analytics platform from Sumo Logic is the bridge for companies to accelerate their journey to the cloud and, more importantly, is enabling a new class of analytics that were previously unaffordable or unattainable with legacy, disparate, on-premises approaches," said Ramin Sayar, president and CEO of Sumo Logic. "I'm thrilled to work side by side with the talented Sumo Logic team to continue to exceed expectations as we execute on our vision to provide great analytics tools for mission-critical apps and services to companies around the world."
"Enterprises today are constantly collecting and analyzing vast amounts of data, and there is a vibrant ecosystem of applications emerging to generate value with increasingly more efficiency. Machine data, the newest type of data, is driving a significant portion of the Big Data explosion, requiring a different paradigm for capturing insights at scale," said Tom Reilly, CEO at Cloudera. "Sumo Logic has successfully taken a fresh approach to solving this challenge, building its highly scalable solution natively in the cloud integrating customers' best-of-breed Big Data solutions like Cloudera. We are aligned in our mission to make the full spectrum of data accessible for enterprise IT ops, DevOps and IT security ops intelligence."
"SaltStack software automates web-scale infrastructure operations and helps businesses offset the risk of cloud investments through increased efficiency and improved security. This focus is complemented by our partnership with Sumo Logic," said Marc Chenn, SaltStack CEO and co-founder. "Sumo Logic's cloud-native analytics service for the enterprise, combined with our automation software, enables customers to rapidly build and deploy highly resilient services required for this new world of DevOps and cloud automation."
1 "IDC Study: Digital Universe in 2020 - KDnuggets." 2012. 1 Dec. 2014 < http://www.kdnuggets.com/2012/12/idc-digital-universe-2020.html >
2 "IDC: Amount of World's Data Centers to Start Declining in ..." 2014. 1 Dec. 2014 < http://www.datacenterknowledge.com/archives/2014/11/11/idc-amount-of-worlds-data-centers-to-start-declining-in-2017/ >
3 "Worldwide SaaS and Cloud Software 2013-2017 ... - IDC." 2014. 1 Dec. 2014 < http://www.idc.com/getdoc.jsp?containerId=245084 >
About Sumo Logic
Sumo Logic is the next-generation machine data intelligence company that leverages Big Data for real-time IT insights. The company's cloud-based service provides customers like GoGo Inflight, McGraw-Hill, Medallia, Netflix, Orange and SolarCity with real-time interactive analytics at unprecedented petabyte scale. The Sumo Logic service is powered by patent-pending Elastic Log Processing™ and LogReduce™ technologies, and transforms machine data into actionable insights for IT operations, application management, and security and compliance teams. Unlike expensive and complex premise-based solutions, the Sumo Logic service has a low TCO, can be deployed instantly, scales elastically and requires zero maintenance. The company is based in Silicon Valley and is backed by Greylock Partners, Sutter Hill Ventures, Accel Partners and Sequoia Capital. For more information, visit www.sumologic.com.
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=2730028