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| [July 10, 2012] |
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Rackwise, Inc. Expects Record Revenue and Bookings for Second Quarter 2012
FOLSOM, Calif. --(Business Wire)--
Rackwise, Inc. (OTCBB:RACK.OB) (the "Company"), a leading developer of
data center infrastructure management ("DCIM") software and service
solutions, expects to report record bookings and revenue for the second
quarter 2012 ended June 30, 2012.
The Company expects revenue for the second quarter of 2012 to be
approximately $1.2 million, a 362% increase from Q2 of 2011, and an
increase of 75% from Q1 of 2012. The Company also anticipates bookings
to reach approximately $1.5 million, compared with approximately $823
thousand recorded during the first quarter of 2012, an increase of 82%.
Bookings volume during the second quarter of 2012 was driven by the
receipt of several purchase orders from large customers who chose
Rackwise® DCiM™ solutions to manage their data center
infrastructure operations.
Guy A. Archbold, Rackwise, Inc. Chief Executive Officer, commented, "We
are pleased to see our efforts and investments over the last several
months produce significant results during the second quarter. Our
business is strong and we are attracting larger clients from both the
private and public sectors. These record results demonstrate the
differentiated quality of our offerings and the strength of our product
sales and marketing team. The current quarter provides an excellent
example of how Rackwise benefits from licensing agreements with major IT
service providers who choose and deploy our products to manage their
largest clients' infrastructures and facilities. We have a solid
pipeline and anticipate signing additional software license and
professional services agreements in the months ahead resulting in
continued positive improvement in revenue and bookings throughout the
second half of this year."
Rackwise recently introduced its DCiM™ offering, the only
currently available DCIM suite solution exclusively powered by Intel
DCM (News - Alert). Mr. Archbold noted that this latest version of the Company's DCIM
software is rapidly increasing the Company's footprint in the industry,
citing its distinct advantages over competitors' offerings, including
the unique capability to manage a worldwide network of data centers from
a single console. "Rackwise® DCiM X™ empowers IT professionals
with the ability to assure reliability, discover hidden capacity, and
enable efficiency within their data centers and facilities, and across
their IT infrastructure. The operationl and economic gains that are
realized allow for potentially significant reduced time to value and
accelerated returns on investment for our customers," he stated.
The newest Rackwise® DCiM X™ offering includes extensive power
modeling, energy monitoring and management, and advanced real-time
reporting features which the Company says are designed specifically to
address the increased demand for power consumption and management tools.
Doug MacRae, Rackwise, Inc. Executive Vice President, Technology
Development Group, commented, "The Federal government is implementing
incentives encouraging data center operators to 'green' their facilities
by improving energy usage. In conjunction with those efforts, we are
very excited to be working with a leading government agency and a major
utility to design programs that utilize our DCiM X™ to optimize
equipment utilization and reduce energy consumption to make data centers
greener."
Second Quarter Highlights
During the quarter, the Company received purchase orders from a number
of significant customers, including the following:
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Fortune 50 global IT infrastructure and services provider for
deployment of Rackwise® DCiM™ solutions in all of its
own data centers, as well as making those solutions available to its
outsourced data centers worldwide;
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Major Southwestern state for deployment of Rackwise® software in two
significant outsourced data centers that support the IT infrastructure
for 27 key state agencies;
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SLAC National Accelerator Laboratory in Menlo Park, CA (News - Alert), operated by
Stanford University for the U.S. Department of Energy Office of
Science, for renewal and expansion of its existing contract;
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Major West Coast power company, one of the largest utilities in the
nation, for an extended renewal and maintenance agreement;
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U.S. Army Corps of Engineers, for renewal of contract and expanded
utilization of Rackwise® DCiM™ solutions to manage its
primary and satellite data centers; and
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Global cruise and travel company for renewal of its existing contract.
Rackwise expects to report second quarter 2012 financial results no
later than August 15, 2012.
About Rackwise, Inc.
Rackwise, Inc. (RACK.OB) is a leader in software development and
marketing within the growing markets for IT infrastructure tracking,
monitoring, modeling, and management. The Company's suite of DCiM™
product and service offerings enables clients to effectively manage
today's high density computing configurations and virtualized data
centers while mitigating the risks associated with cascading faults
within the infrastructure. Rackwise® solutions integrate
device level, real-time monitoring with advanced modeling, reporting,
analytics and other critical features and functionalities, providing
users with robust, state-of-the-art platforms to responsibly optimize
operations and maximize cost efficiencies of their IT infrastructures,
and progress toward achieving sustainable green data centers. Its
branded Rackwise® Products and Services, DCiM™ Solutions,
are used by over 150 companies worldwide. For more information, visit www.rackwise.com
or call 888.818.2385.
Rackwise®, DCiM™and DCiM X™ are trademarks of
Rackwise, Inc. Other designated trademarks and brands mentioned herein
are the property of their respective owners.
Safe Harbor Statement
Any statements contained in this press release that do not describe
historical facts may constitute forward-looking statements as that term
is defined in the Private Securities Litigation Reform Act of 1995. Any
forward-looking statements contained herein are based on current
expectations, but are subject to a number of risks and uncertainties.
The factors that could cause actual future results to differ materially
from current expectations include, but are not limited to, risks and
uncertainties relating to the availability of additional funding; and
the Company's business, product development, marketing and distribution
plans and strategies. These and other factors are identified and
described in more detail in the Company's filings with the SEC (News - Alert),
including, the Company's current reports on Form 8-K. The Company does
not undertake to update these forward-looking statements.
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