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xkoto grows 150% in 2007; relocates HQ to Mass, U.S



WALTHAM, Mass., Jan. 29, 2008 – In the fourth quarter of 2007, data virtualization middleware solutions provider xkoto Inc., reported significant revenue growth of more than 150 percent over the same period in 2006. The company's growth and momentum was fueled by the increasing demand from enterprise customers requiring highly reliable and scalable solutions capable of ensuring continuous access to corporate data. Highlights of the quarter and full year include the significant expansion of xkoto’s management team, distribution channel and partner programs, as well as new customer adoption in North America and Europe and a major new release of xkoto’s flagship product, GRIDSCALE®.

“Customers and prospects in virtually all data intensive segments require high performance, highly reliable, scalable access to data for mission-critical systems. As a result, we’re witnessing the rapid adoption of xkoto’s proven data virtualization technology,” said David Patrick, President and CEO of xkoto. “For xkoto, our customers, and our channel partners, 2007 was a breakthrough year in many respects, one culminated by strong performance in Q4. We fully expect these developments will serve as a springboard for continued growth in 2008.”



More on that coming officially tomorrow!
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