JPMorgan Chase Inducts VMTurbo Into Hall Of Innovation

JPMorgan Chase Inducts VMTurbo Into Hall Of Innovation

JPMorgan Chase Inducts VMTurbo into Hall of Innovation

VMTurbo Enables JPMorgan Chase to Increase Virtual Machine Density Without Impacting Workload Performance

BOSTON–(BUSINESS WIRE)–VMTurbo, provider of the only software-defined control system for businesses running mission-critical applications on virtualized and cloud infrastructures, today announced that JPMorgan Chase & Co. inducted VMTurbo into the Hall of Innovation for its technology contributions in their global technology infrastructure.

The IT Executive Team at JPMorgan Chase recognized VMTurbo for the impact its technology has made on the business and the disruptive nature of its technology. VMTurbo was honored with the award at the 5th Annual J.P. Morgan Technology Innovation Symposium on Wednesday, October 9, 2013 at the Rosewood Sand Hill in Menlo Park.

VMTurbo’s technology is helping JPMorgan Chase optimize the utilization of virtual environments and thereby supporting a move from reactive to predictive workload management,” said George Sherman, Head of Compute Services at JPMorgan Chase. “Automation will enable our support teams to focus on higher value activity by preventing incidents and dynamically optimizing virtual environments.”

image-tech-validate

Through the Hall of Innovation, JPMorgan Chase is happy to recognize emerging technology companies that are helping us deliver differentiated technology solutions,” said Larry Feinsmith, Head of Technology Strategy and Partnership Development within the Office of the CIO at JPMorgan Chase. “We continue to experience significant value through our engagement with early stage companies like VMTurbo, and our relationship has been mutually beneficial to help develop their offering to meet the technology needs of large enterprises.

First launched in 2010, VMTurbo’s Operation Manager is now used by more than 9,000 enterprises and cloud service providers worldwide, including JPMorgan Chase. Deploying VMTurbo contributes to IT staff productivity savings of up to 20 percent and improvements in resource utilization of 20 to 40 percent – which converts to significant operational and capital expenditure benefits. 89 percent of VMTurbo customers surveyed realized value within three months of deploying VMTurbo, with 25 percent realizing immediate value within three days of deployment.

JPMorgan Chase’s selection of VMTurbo to proactively manage their VMware environment is a testament to the strength of our solution,” said VMTurbo CEO Ben Nye. “Working together, we have successfully helped them transition from allocation-based to utilization-based capacity management, thus allowing their IT staff to fully optimize their operations and IT investments across the organization.”

VMTurbo believes that software-driven control of virtualized and cloud environments to assure workload performance while utilizing virtual and cloud infrastructure assets as efficiently as possible is the future of IT as a service,” said VMTurbo founder and president Shmuel Kliger. “This recognition by JPMorgan Chase underscores the market need for a solution that transforms IT Operations.” 

About VMTurbo

VMTurbo provides the only software-defined control system for businesses running mission-critical applications on virtualized or cloud infrastructure. The Company applies proven economic principles to deliver a control system that continuously ensures performance while maximizing utilization to transform IT operations to scale to the complexities and dynamics of a software-defined world. First launched in 2010, the VMTurbo platform is now used by more than 9,000 enterprises and cloud service providers worldwide, including Société Générale, BMO Financial, Xerox Corporation, Reed Elsevier, H&M, BT, CSC and KPN. VMTurbo is headquartered in Massachusetts, with offices in New York, California, the United Kingdom and Israel. For more information, visit us at www.vmturbo.com. 

About JPMorgan Chase & Co.

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.5 trillion and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small business, commercial banking, financial transaction processing, asset management and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.

Image Source: TechValidate

Follow Us!

CloudTweaks

Established in 2009, CloudTweaks.com is recognized as one of the leading authorities in cloud computing information. Most of the excellent CloudTweaks articles are provided by our own paid writers, with a small percentage provided by guest authors from around the globe, including CEOs, CIOs, Technology bloggers and Cloud enthusiasts. Our goal is to continue to build a growing community offering the best in-depth articles, interviews, event listings, whitepapers, infographics and much more...
Follow Us!

Sorry, comments are closed for this post.

Cloud Infographic: Corporate IT Security Stats

Cloud Infographic: Corporate IT Security Stats

Cloud Infographic: Corporate IT Security Stats Each week on CloudTweaks we provide a few shoutouts to companies who provide engaging and interesting infographics that reflect our readers interests.  In this case, we have an excellent infographic provided by the team at arellia.com which takes a closer look at cyber-security and some of the biggest malware threats…

Cloud Computing Offers Key Benefits For Small, Medium Businesses

Cloud Computing Offers Key Benefits For Small, Medium Businesses

A growing number of small and medium businesses in the United States rely on as a means of deploying mission-critical software products. Prior to the advent of cloud-based products — software solutions delivered over the Internet – companies were often forced to invest in servers and other products to run software and store data. The…

The Business Benefits of Cloud CRM

The Business Benefits of Cloud CRM

The Business Benefits of Cloud CRM From software deployment, to mobility, to wearable technology, cloud computing has transformed seemingly every aspect of modern business. Research indicates cloud applications and platforms will be at the forefront of IT spending by 2016, with half of all enterprises implementing cloud solutions by 2017. One of the quickest markets…

5 Considerations You Need To Review Before Investing In Data Analytics

5 Considerations You Need To Review Before Investing In Data Analytics

Review Before Investing In Data Analytics Big data, when handled properly, can lead to big change. Companies in a wide variety of industries are partnering with data analytics companies to increase operational efficiency and make evidence-based business decisions. From Kraft Foods using business intelligence (BI) to cut customer satisfaction analysis time in half, to a…

Big Data Analytics Adoption

Big Data Analytics Adoption

Big Data Analytics Adoption Big Data is an emerging phenomenon. Nowadays, many organizations have adopted information technology (IT) and information systems (IS) in business to handle huge amounts of data and gain better insights into their business. Many scholars believe that Business Intelligence (BI), solutions with Analytics capabilities, offer benefits to companies to achieve competitive…

CONNECT TO THE CLOUD

 

Cloud Logo Sponsors

hp Logo CityCloud-PoweredByOpenstack-Bluesquare_logo_100x100-01
cisco_logo_100x100 vmware citrix100


Contributor Spotlight

Established in 2009, CloudTweaks is recognized as one of the leading influencers in cloud computing, big data and internet of things (IoT) information. Our goal is to continue to build our growing information portal, by providing the best in-depth articles, interviews, event listings, whitepapers, infographics and much more.

Contact

CloudTweaks Media
Phone: 1 (212) 763-0021