Nutanix

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Nutanix, Inc.
Nasdaq: NTNX
Russell 1000 Component
Founded2009
FounderDheeraj Pandey
Mohit Aron
Ajeet Singh
Headquarters
San Jose, California
,
United States
Key people
Rajiv Ramaswami (President & CEO)
ProductsEnterprise Cloud Platform
Business Software
IOT
RevenueIncrease US$1.394 Billion (Fiscal Year Ended July 31, 2021)[1]
Increase -US$660.782 Million (Fiscal Year Ended July 31, 2021)[1]
Decrease -US$1.034 Billion (Fiscal Year Ended July 31, 2021)[1]
Total assetsIncrease US$2.277 Billion (Fiscal Year Ended July 31, 2021)[1]
Total equityIncrease -US$1.012 Billion (Fiscal Year Ended July 31, 2021)[1]
Number of employees
6,100 (May 2020)[2]
Websitewww.nutanix.com

Nutanix, Inc. is an American cloud computing company that sells software, cloud services (such as desktops as a service, disaster recovery as a service, and cloud monitoring), and software-defined storage.[3]

History[]

Nutanix was founded on September 23, 2009 by Dheeraj Pandey, Mohit Aron and Ajeet Singh. In early 2013 Aron left Nutanix to start Cohesity, a privately held computer data storage company.[4]

Venture capital firms invested $312.2 million over five rounds of funding in Nutanix. The company reached a $1 billion valuation by 2013, which made it known as a "unicorn startup".[5] It raised $140 million in a Series E round of financing in 2014, valuing the company at approximately $2 billion.[6] Nutanix's backers included Lightspeed Venture Partners, Khosla Ventures, and Blumberg Capital.[7]

Nutanix filed for an initial public offering (IPO) in December 2015, reporting a net loss in its fiscal year ending July 2015 of $126 million.[8] In August 2016, Nutanix announced it had acquired PernixData.[9]

The IPO on September 30, 2016, raised about $230 million after selling 14.87 million shares at a price of $16.[10][11] This was the biggest VC-backed IPO of 2016 in the U.S.[12] Analysts expected Nutanix's public offering would be delayed.[13]

In May 2017, Nutanix partnered with IBM to create a series of data center hardware using IBM Power Systems for business apps.[14]

In March 2018, Nutanix announced the acquisition of Minjar, based in Bangalore.[15] Later the same year, Nutanix acquired the DaaS startup Frame.[16]

On June 1, 2019, Nutanix appointed Brian Stevens to its board of directors.[17] In March 2020, Sohaib Abbasi joined the company's board of directors.[18]

Due to the COVID-19 pandemic, Nutanix announced a furlough impacting about 1,500 employees in April 2020.[19] In June 2020, Nutanix added Virginia Gambale to its board of directors. [20] In December, 2020, Pandey was replaced as chief executive by Rajiv Ramaswami, who had been the chief operating officer at VMware.[21] VMware filed a lawsuit, alleging a conflict of interest, but dropped the legal fight a year later.[22]

In 2021, the company transitioned from making hardware appliances to focusing on subscription software.[23][24]

Acquisitions[]

Date Company Description References
August 2016 PernixData Software for virtualizing server-side flash memory and random-access memory. [25]
August 2016 Calm.io DevOps automation platform [26]
March 2018 Netsil Cloud application monitoring startup [27]
March 2018 Minjar The maker of Botmetric, a service for public clouds. [28]
August 2018 MainFrame2 Inc. Cloud-based Windows desktop and application delivery [29]

Operations[]

Nutanix combines storage, computing, and virtualization. The company's software product families include Acropolis, Prism, Era, Frame, and Files.[30][31][32][33] In 2015, Nutanix was reported to have built a hypervisor in order to make managing computer infrastructure easier.[34]

Nutanix marketed its products as "hyper-converged infrastructure".[35] In 2020, the company shifted to a subscription business model.[36]

References[]

  1. ^ a b c d e "Nutanix, Inc. 2021 Annual Report" (PDF). s21.q4cdn.com. 31 July 2021. Retrieved 4 November 2021.
  2. ^ "Nutanix, Inc. (NTNX)". Yahoo Finance.
  3. ^ "Nutanix Patent Aims To Simplify Software Defined Storage". Tom's IT Pro. Retrieved 29 March 2017.
  4. ^ Bob Brown (June 17, 2015). "Google-infused storage startup Cohesity reveals itself". Retrieved September 6, 2016.
  5. ^ Gage, Deborah (January 14, 2014). "The Wall Street Journal". Nutanix Joins the $1 Billion Valuation Club as It Takes On Tech Giants. Retrieved September 10, 2016 – via The Wall Street Journal.
  6. ^ Miller, Ron (27 August 2014). "Nutanix Lands $140M On $2B+ Valuation, IPO Could Be Next". Tech Crunch. Retrieved 1 September 2014.
  7. ^ Sruthi Shankar, Heather Somerville (September 30, 2016). "Data storage provider Nutanix soars in market debut". Reuters. Retrieved December 2, 2021.
  8. ^ "Form S-1 Registration Statement". US Securities and Exchange Commission. December 22, 2015. Retrieved August 29, 2016.
  9. ^ Cromwell Shubarth (August 28, 2016). "Nutanix scoops up pair of companies". Silicon Valley Business Journal. Retrieved August 29, 2016.
  10. ^ "Nutanix IPO shows risks of 'unicorn' valuations". Reuters. Retrieved May 14, 2020.
  11. ^ Ari Levy (September 30, 2016). "Nutanix aims to crack open the tech IPO window". CNBC. Retrieved September 30, 2016.
  12. ^ "The man behind 2016's biggest U.S. tech IPO shares how the deal went down". Mercury News. Retrieved May 14, 2020.
  13. ^ Bruno, Giovanni (August 30, 2016). "The Street". CNBC's Pisani Forecasts Possible Fall IPOs. Retrieved September 10, 2016 – via The Street.
  14. ^ "Nutanix partners with IBM on data centre product". The Stack. 2017-05-16. Archived from the original on 2017-11-17. Retrieved 2017-11-17.
  15. ^ "Nutanix buys Bengaluru-based Minjar". The Times of India. March 3, 2018. Retrieved 17 March 2018.
  16. ^ Berry, Rachel (9 December 2019). "One year since the acquisition, how has Nutanix Xi Frame progressed?". Tech Target.
  17. ^ "Nutanix Appoints Brian Stevens to Board of Directors". Nutanix. 1 June 2019. Archived from the original on 25 July 2019. Retrieved 25 July 2019.
  18. ^ "Sohaib Abbasi joins Nutanix board of directors". Help Net Security. Retrieved May 14, 2020.
  19. ^ Haranas, Mark (May 4, 2020). "Nutanix Confirms Furloughs Of Nearly 1,500 Employees". CRN.
  20. ^ "Nutanix Appoints Virginia Gambale to Its Board of Directors". BusinessWire. 4 June 2020.
  21. ^ "VMware COO Jumps Ship To Become New Nutanix CEO". CRN. December 9, 2020. Retrieved December 2, 2021.
  22. ^ Simon Sharwood (December 2, 2021). "Nutanix, VMware end legal fight over CEO Rajiv Ramaswami: Now they can get back to arguing about computers and clouds". The Register. Retrieved December 2, 2021.
  23. ^ Kamich, Bruce (8 March 2021). "Nutanix May Find Buying Support Soon". Real Money.
  24. ^ Hemsoth, Nicole (6 April 2021). "VAST DATA SHEDS HARDWARE BUSINESS TO TACKLE LARGEST USERS". The Next Platform.
  25. ^ Somerville, Heather. "Nutanix acquires two startups amid IPO delay". Yahoo! Finance.
  26. ^ Schubarth, Cromwell (August 28, 2016). "Nutanix scoops up pair of companies". Silicon Valley Business Journal.
  27. ^ Hardcastle, Jessica (March 12, 2018). "Nutanix's Second Acquisition This Month Is Cloud App Monitoring Startup Netsil". SDxCentral.
  28. ^ "Nutanix buys Bengaluru-based Minjar". The Times of India. March 3, 2018.
  29. ^ Hardcastle, Jessica (August 3, 2018). "Nutanix Boosts Its Cloud Stack With $165M Frame Acquisition". SDxCentral.
  30. ^ "Nutanix IncNTNX.OQ". Reuters. Retrieved May 14, 2020.
  31. ^ van Eenbergen, Coen (9 July 2020). "Nutanix Frame lets any application run from your browser". Techzine.
  32. ^ "Nutanix Era 2.0: Increased scale and reduced costs for IT and database teams". Help Net Security. 8 October 2020.
  33. ^ Armstrong, Adam (3 December 2020). "Nutanix Files and Objects Gets New Capabilities". Storage Review.
  34. ^ "Nutanix did build 'Acropolis' hypervisor, wants you to bury it". The Register. Retrieved May 14, 2020.
  35. ^ "Google Could Acquire Nutanix For $9 Billion To Further Its Cloud Ambitions". Forbes. Retrieved May 14, 2020.
  36. ^ "Nutanix Stumbles on Sales Execution and Subscription Model Growing Pains". The Motley Fool. Retrieved May 15, 2020.
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