[February 15, 2017] |
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Instart Logic's Business Momentum Accelerated in FY17 -- Bookings Tripled Third Year In A Row
Instart Logic, a next generation technology company making the digital
world faster, more reliable and more secure, today announced accelerated
momentum across major aspects of its business. In FY17, concluded on
January 31st, 2017, the company's bookings more than tripled for the
third year in a row. Additionally, the company added a record 10+ deals
worth over one million dollars each, and added 60 new enterprise customers,
including Walgreens, Edmunds, AirAsia, and TechStyle (JustFab).
This Smart News Release features multimedia. View the full release here:
http://www.businesswire.com/news/home/20170215005423/en/
Instart Logic Application Services Platform (Graphic: Business Wire)
New products launched in 2016 included AppShield Ad
Integrity, a breakthrough solution that circumvents ad blockers so
web publishers and e-commerce companies can recover billions of dollars
of ad revenue currently being lost to ad blocking technology. Ad
Integrity was introduced quietly to the market nine months ago and is
already unblocking over three billion ad impressions per month. Over 70
website properties -- one in the comScore Top 5, three in the comScore
Top 15 and 20 in the comScore Top 100 -- have signed on for Ad
Integrity, and web publishers have recovered over $30 million in ad
revenue. Ad Integrity has the powerful and unique ability to unblock
every type of advertising, including display, native, sponsored content
and pre-roll/mid-roll video -- no other ad unblocking solution can do
this.
Instart Logic's Q4 and FY17 results underscore the continued and rapid
rise in demand for its cloud-based endpoint-aware application delivery
solution. In
other news today, Instart Logic announced its "Application Services
Platform" with enhanced machine learning and automation capabilities,
and a revolutionary new business model designed to accelerate the
company's disruption of the $10 billion content and application delivery
market.
Manav Mital, CEO and founder of Instart Logic, said, "We had an absolute
breakout fiscal year and I couldn't be more thrilled with our business
momentum. Market acceptance for Instart Logic's modern cloud-based
Application Services Platform continues to grow exponentially. We have
reached an inflection point in the maturity of the solution. This fact,
combined with the legacy content delivery network market -- one ripe for
disruption, as competitors have failed to innovate or keep pace with the
move to the cloud -- is allowing us to significantly accelerate our
growth rate. We are now in a position where we regularly beat Akamai (News - Alert) in
competitive sales situations. In FY17 we closed 5X more enterprise deals
over the prior year."
Mital continued, "We also announced today that going forward we will be
charging only for value delivered, and providing our CDN solution at
cost. It's a strong testament to the fact that pure transport and
delivery has become commoditized. We believe customers shouldn't pay for
this commodity - instead they should only pay for value created through
improved performance. We are so confident in our technology that we will
guarantee to improve a customer's page load speed by at least 20 percent
over any incumbent CDN vendor, including Akamai. Instart Logic's
unique architecture provides a robust platform upon which many
value-added services can be built and delivered, without requiring
customers to make any changes to their applications, or to download any
software to end user devices. We call this the 'power of the platform'
-- deploy once and leverage for a variety of use cases to generate a
variety of new revenue."
Additional product and feature innovations launched in FY17, in addition
to Ad
Integrity, included:
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AppSpeed Mobile
Application Acceleration service, with an unprecedented
performance guarantee to increase the speed of customers' native
mobile apps by at least 20 percent. New performance and analytics
features added to the product included support for HTTP/2, image
optimizations and enterprise caching.
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As part of the AppSpeed
portfolio, Multi-page
Predictive Prefetching observes where users land, models common
flows from a given landing page, identifies static elements shared
across potential pages, and pushes the common resources to the
browser, enabling much faster loading of subsequent pages to provide a
better user experience.
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A revolutionary new
set of security innovations launched under the company's existing AppShield
product aimed at protecting the integrity of web applications against
bots. The offering, already deployed across many customers, protects
applications from revenue loss via malicious bots, while improving
performance for legitimate users.
Instart Logic continued to execute on its strategy to build out a select
ecosystem of high-value partners. Revenue driven through valuable
existing strategic partnerships such as Dyn (News - Alert), Verisign and ChinaCache
continued to grow at 3X a year, and the company onboarded many new
enterprise customers through these and other partners.
New strategic partnerships in FY17 included:
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Oracle
Cloud Marketplace: providing Oracle
Cloud Services customers with scalable solutions for performance and
security.
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IBM
Ready for Commerce: in order to help
retail client accelerate the performance of their ecommerce platforms,
Instart Logic completed the rigorous verification process to ensure
compatibility with IBM (News - Alert) WebSphere Commerce and IBM Commerce on Cloud.
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Demandware:
a leading cloud-based e-commerce platform.
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Blue
Triangle Technologies: a website performance management and
monitoring solution that predicts and quantifies the impact webpage
speed has on revenue and conversion rates.
Adding to the momentum and providing strong external validation of the
company's leadership position, recently Business Insider, the No.
1 business publication in the United States based on traffic,
included the company on its list of the "51
enterprise startups to bet your career on in 2017." The introduction
to the story said, "All of these companies are 'enterprise' startups,
meaning they specialize in making tech for work and business use, which
is a $3.4
trillion worldwide market. All of them had a spectacular 2016,
launching new technology, getting a boatload of funding or landing big
partnerships, and generally setting themselves up for a successful 2017
and beyond."
Other recognition for Instart Logic includes:
About the Instart Logic Application Services
Platform
Instart Logic's Application Services Platform is the world's first
endpoint-aware application delivery solution. It's a disruptive way to
accelerate and secure web and mobile applications, delivering an
unprecedented degree of performance, security and control. The core
technology innovations, driven by 80+ patents, include machine learning,
application awareness and client control via a thin JavaScript
virtualization layer called the Nanovisor.
Instart Logic's "Application Services Platform" modules include:
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CDN,
a full-featured global content delivery network that enables scale,
uptime, and superior user experience through caching, network level
optimizations, and support for standards.
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AppSpeed,
which guarantees at least a 20% improvement in web, mobile web and
mobile native app performance by accelerating all code, content, and
third-party elements inside an application.
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AppShield,
which protects revenue by preserving the security and integrity of
applications along the entire delivery path, and includes features
like next-generation Web Application Firewall, DDoS attack mitigation,
and Bot detection/mitigation. The AppShield module includes Ad
Integrity, a breakthrough approach for unblocking the ad
blockers to regain lost revenue.
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AppFlex,
which empowers enterprises to move at the speed of business by
providing a highly responsive service enabled by a DevOps approach,
public APIs, self-service portal and real-time analytics.
About Instart Logic
Instart Logic is the world's first endpoint-aware application delivery
solution making applications lightning fast, secure, and easy to
operate. Instart Logic's platform combines machine learning,
virtualization, and open APIs with a content delivery network (CDN) for
global delivery. Using Instart Logic, enterprises can provide
ultra-fast, visually immersive and secure experiences on any device to
maximize revenue, deliver superior customer experiences and gain
competitive advantage. Instart Logic is funded by Andreessen Horowitz,
Four Rivers Group, Geodesic (News - Alert) Capital, Greylock Partners, Hermes Growth
Partners, Kleiner Perkins Caufield & Byers, Sutter Hill Ventures,
Telstra Ventures, Tenaya Capital, Wing Venture Capital and several
notable Silicon Valley angel investors. Learn more at https://www.instartlogic.com
or follow us on Twitter (News - Alert) at @InstartLogic.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170215005423/en/
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