Rackwise

SLAC National Accelerator Laboratory Models Research Data Center using Rackwise® DCIM™ Solutions

admin-1 — Wed, 16 May 2012 08:03:10 +0000

Renews contract and plans for expanded use around power management

FOLSOM, Calif.- May 16, 2012- Rackwise, Inc. (OTCBB: RACK.OB) (the “Company”), a leading developer of data center infrastructure management software and service solutions, announced today that it has signed an additional renewal and expansion of its contract with the SLAC National Accelerator Laboratory in Menlo Park, California (“SLAC”). SLAC is operated by Stanford University for the U.S. Department of Energy Office of Science.

SLAC is home to a two-mile linear accelerator—the longest in the world. Originally a particle physics research center, SLAC is now a multipurpose laboratory for astrophysics, photon science, accelerator and particle physics research. The research institution has been using Rackwise® ™ solutions since 2009. SLAC is currently running the 3.5 release of the Rackwise® software to model their data center. They plan to expand their use of the product to manage and model their complete power chain in the near future to better manage their capacity issues and achieve additional return on investment.

Guy A. Archbold, Rackwise, Inc. Chief Executive Officer, commented, “We are extremely pleased that our relationship with SLAC continues to expand as they rely on Rackwise for their data center infrastructure management needs. We are proud to support one of our nation’s most venerable and revered research organizations in their efforts to optimize their data center operations and costs. while providing IT resources critical to their research objectives.”

Archbold continued, “The increasing complexity of today’s data computing environments presents unique challenges for information technology executives in both the private and public sectors. Higher density computing configurations, fixed energy resources and a multitude of other factors are driving the need for new and innovative IT management solutions, including critical decision support tools incorporating expanded reporting and modeling metrics. Our Rackwise® ™ products and services are emerging as solutions of choice within the global community of data center managers and IT professionals as powerful, state-of-the-art tools for real-time data management to responsibly meet their evolving IT infrastructure requirements, providing progressive incremental value through expanded utilization of available features and functionality.”

Rackwise, Inc. announces First Quarter 2012 Financial Results

admin-1 — Tue, 15 May 2012 15:24:38 +0000

Foundation for future growth

Folsom, Calif.—May 15, 2012 Rackwise, Inc. (OTCBB: RACK.OB) (the “Company”), a leading developer of data center infrastructure management (“DCiM”) software and service solutions, announced today its first quarter 2012 financial results. The Company’s results reflect strategic investments in corporate infrastructure and other measures designed to streamline operations, increase market penetration and accelerate near-term business growth.

Revenues
Revenues for the three months ended March 31, 2012 were $684,149 as compared to revenues of $536,475 for the three months ended March 31, 2011, an increase of $147,674, or 28%.

Gross profits
Gross profits for the three months ended March 31, 2012 and 2011 were $622,184 and $487,709, respectively, representing an increase of $134,475, or 28%. Gross profit margins were approximately 91% during both periods.

Operating expenses
Operating expenses increased by $1,876,515, or 191%, during the three months ended March 31, 2012 to $2,859,689 from $983,174 during the three months ended March 31, 2011. The increase primarily relates to recruiting and compensation costs associated with expansion of the sales force and research, development and product support staffs, in accordance with the Company’s strategic plan. Also contributing to this increase were additional legal and audit fees associated with public company reporting and expanded business activity, plus non-cash expenses related to stock-based compensation (including grants of stock options and restricted shares).

Net Loss
Net loss was $2,229,115, or $.02 per share, for the first quarter of 2012 compared to a loss of $899,127, or $.02 per share, for the same period in 2011.

“The first quarter of 2012 marked a transition period for Rackwise,” stated Jeff Winzeler, the Company’s Chief Financial Officer. “Our business plan is to gain immediate market share in the rapidly expanding DCiM market. To that end, we substantially increased our personnel headcount during the quarter, principally in the functional areas of sales and product research, development and support. We added 11 salespersons, bringing us to a full complement of sales staff covering the domestic and Latin America markets, positioning us well to execute our objectives. We also took steps during the quarter to streamline our operations, including closing offices in San Francisco, Las Vegas, and Los Angeles in favor of a new corporate headquarters in Folsom, California.”

Winzeler continued, “We undertook a number of other significant strategic and tactical measures during the first quarter of 2012 which we anticipate will contribute to our near-term business acceleration. At this year’s AFCOM Data Center World, the premier conference and trade show for data center and facilities management professionals, we previewed and demonstrated our next-generation Rackwise® DCM 3.6TM software product. Scheduled for release during the second quarter of 2012, this latest Rackwise® ™ solution integrates enhanced device level tracking and real-time monitoring, enhanced power modeling, rich asset search, visualization, blade server management, fault impact analysis, and business reporting analytics among a number of new and improved features and functionalities. We also established during the first quarter of 2012 the Company’s Industry Advisory Board, a distinguished group of industry thought leaders providing strategic guidance to the Company, announcing as its founding members Messrs. Stephen O’Donnell (Chairman) and Steve Biondi. We believe these actions will enable the Company to accelerate sales, expand our market share and positively impact our results in the near term as we continue to execute our business plan through the balance of the year.”

Guy A. Archbold, Rackwise, Inc. Chief Executive Officer, commented, “Today’s increasingly dynamic and complex computing environments present unique challenges for enterprises and IT executives globally. Fixed energy resources, regulatory compliance, and higher density computing configurations are among a myriad of factors driving the need for new and innovative solutions to maximize existing data center resource utilization while simultaneously serving as critical decision support tools to identify and manage risks associated with cascading faults within the infrastructure. We plan to capitalize on this substantial market opportunity by elevating our Rackwise® product and service offerings among the global network of information technology officers and professionals as solutions of choice for powerful, state-of-the-art tools to responsibly meet their evolving IT infrastructure management needs and advancing traditional corporate objectives to achieve operational and economic optimization. Management’s primary concentration during the recently completed first quarter was formulating the corporate infrastructure and foundation to support our business plan and strategic growth objectives. While we anticipate continuing those efforts in the immediate term, we are confident that executing our plan will translate to improved performance in the months ahead and we look forward to reporting on our progress.”

Rackwise, Inc. Condensed Consolidated Financial Information (Unaudited)
Three-month period ending March 31,
	2012	2011
Revenues	$684,149	$536,475
Gross profits	$622,184	$487,709
Operating expenses	$2,859,689	$983,174
Net loss	$2,229,115	$899,127
Net loss per share	$.02	$.02

Major West Coast Utility Embraces Rackwise® DCIM™ Solutions

admin-1 — Thu, 10 May 2012 08:29:09 +0000

Modeling capabilities critical to IT infrastructure strategies

SAN FRANCISCO, May 10, 2012- Rackwise, Inc. (OTCBB: RACK.OB) (the “Company”), a leading developer of data center infrastructure management software and service solutions, announced today that it recently executed an extended renewal and maintenance agreement effective April 30, 2012 in connection with the Company’s Rackwise® Data Center Management (“DCM”) software installation at one of the largest utilities in the country.

A recent Rackwise® customer, the utility employs the Rackwise® DCM solution principally for efficient asset tracking and power optimization within its data center environments as well as capacity planning and management across its entire IT infrastructure. The DCM software’s superior modeling functionalities and features enable the utility’s data center managers and IT professionals to better plan and assess scenarios for delivering optimal operational efficiencies while maximizing economic benefits of its business computing networks.

Guy A. Archbold, Rackwise, Inc. Chief Executive Officer, commented, “Today’s increasingly dynamic and complex data center environments present critical challenges for companies and information technology executives in both the private and public sectors. Fixed energy resources, regulatory compliance, higher density computing configurations, the availability of real-time systems monitoring, and the increasing use of virtualization are driving the need for new and innovative solutions to identify and manage risks associated with cascading faults within the
infrastructure, maximize utilization of existing data center resources, and provide critical decision support tools through expanded reporting and advanced metrics. We are delighted that one of the nation’s most recognized utility companies incorporates our Rackwise® ™ solutions as key elements of its current and planned sustainable IT infrastructure strategies to fulfill corporate objectives of both operational and economic optimization while promoting environmentally responsible resource efficiency. We continue our mission for Rackwise® offerings to be recognized among data center managers, information officers and other information technology professionals as solutions of choice for powerful, state-of-the-art tools to responsibly meet their evolving IT infrastructure management needs.”

Global Cruise and Travel Company Expands use of Rackwise® DCIM™ Solutions

admin-1 — Tue, 08 May 2012 08:38:12 +0000

Rackwise® key element of current and planned IT management strategies

SAN FRANCISCO, May 8, 2012- Rackwise, Inc. (OTCBB: RACK.OB) (the “Company”), a leading developer of data center infrastructure management software and service solutions, announced today that it has signed an additional renewal and maintenance agreement for its Data Center Management (“DCM”) software with one of the world’s premier cruise and travel companies.

A Rackwise® customer since 2007, the travel company’s original implementation of the Rackwise® offering primarily targeted inventory and asset control as well as space monitoring and management. Since the initial deployment, the company has migrated through available updates to the current version of the Rackwise® DCM software, expanding utilization to include power and cooling modeling. The firm continues to enable evolving Rackwise® features and functionality to accommodate their business growth objectives, incorporating ™ Solutions by Rackwise, Inc. as integral elements of their current and future comprehensive data center infrastructure management strategies.

Guy A. Archbold, Rackwise, Inc. Chief Executive Officer, commented, “We especially appreciate our long- term relationships as validation of our performance and ongoing commitment to meet or exceed our customers’ expectations and we are very pleased to continue our relationship with one of the global leaders in this expanding sector of the travel industry. As IT infrastructure penetrates more and more aspects of modern life, superior, dependable and innovative ™ functionality is increasingly critical across the value chain. We are proud to be recognized among data center managers and IT professionals for providing powerful, state-of-the-art tools to plan, model, and optimize all assets across their global information technology infrastructure while maximizing their collective economic benefit.”

Harkeeret Singh Joins Rackwise, Inc. Industry Advisory Board

admin-1 — Wed, 02 May 2012 08:03:47 +0000

Advisory Board addition further advances Rackwise leadership in ™ market

SAN FRANCISCO, May 2, 2012 /Business Wire/ — Rackwise, Inc. (OTCBB:RACK.OB) (the “Company”) announced today that Harkeeret Singh will join Stephen O’Donnell, Steve Biondi and Richard Scannell to serve on the Company’s recently formed Rackwise, Inc. Industry Advisory Board (the “Advisory Board”), a distinctive group of industry thought leaders and visionaries providing strategic guidance to the Company.

Mr. Singh brings to the Advisory Board an extensive background and industry reputation as one of the primary enablers advocating greener and more sustainable information technology infrastructure strategies. He is currently Global Head of Energy and Sustainable IT at Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals. In this role, Mr. Singh is responsible for energy efficiency and sustainability across technology operations, including Data Centers, Servers, Storage, Network and Desktop. In addition, Mr. Singh has performed substantial research of data centers and information technology environments in both Europe and the United States in particular pursuit of advancing energy responsible principles and working across traditional boundaries to achieve holistic efficiency. Prior to joining Thomson Reuters, Mr. Singh served in a variety of roles, including Head of Data Center Strategy, at UK-based BT (formerly British Telecom), one of the world’s largest communications services companies.

Mr. Singh has extensive engagement with industry bodies with regard to energy optimization and environmental sustainability, liaising with a multitude of forums and consortiums, including: The Green Grid, serving as vice chairman of the Advisory Council and chairman of its EMEA Technical Work Group chartered with developing and refining regionally-relevant content to improve resource efficiency in data centers, specific to the region and which contribute to the global opportunity; the European Union Code of Conduct for Data Centers; and energy efficiency initiatives promulgated by the United States Environmental Protection Agency and Department of Energy. Additionally, Mr. Singh is a lead industry representative for multiple global climate change policies, including U.K. CRC Energy Efficiency Scheme (Carbon Reduction Commitment) and others across the world.

On his appointment to the Rackwise, Inc. Industry Advisory Board, Mr. Singh commented, “Data center managers and information technology professionals are continually seeking viable alternatives to deliver corporate objectives of optimizing operational efficiencies and maximizing economic benefits of business computing ecosystems within the context of exercising judgment befitting responsible global citizens. Data center infrastructure management (“DCIM”) and the Rackwise® suite of products and service offerings advance both operational and economic optimization while promoting environmentally responsible resource efficiency. The Company’s ™ solutions incorporate powerful, state-of-the-art tools for real-time data management that are positively positioning Rackwise, Inc. within the data center infrastructure management market and I look forward to facilitating their strategic objectives in the industry through my role as advisor.”

Mr. Guy A. Archbold, Rackwise, Inc. Chief Executive Officer, stated, “We are exceedingly pleased to welcome Mr. Harkeeret Singh to our Rackwise, Inc. Industry Advisory Board. Harkeeret’s industry acknowledged reputation as the “Energy Czar” at Thomson Reuters and globally recognized advocate for innovative green sustainable IT infrastructure strategies will be critically important in educating the global network of data center managers, information officers and other information technology professionals in the benefit of DCIM and our Company’s ™ product and service offerings to responsibly meet their evolving information technology infrastructure management needs.”

Richard Scannell Joins Rackwise, Inc. Industry Advisory Board

admin-1 — Thu, 26 Apr 2012 08:53:01 +0000

Advisory Board addition further advances Rackwise leadership in ™ market

SAN FRANCISCO, April 26, 2012 /Business Wire/ — Rackwise, Inc. (OTCBB:RACK.OB) (the “Company”) announced today that Richard Scannell will join Stephen O’Donnell and Steve Biondi to serve on the Company’s recently formed Rackwise, Inc. Industry Advisory Board (the “Advisory Board”), a distinctive group of industry thought leaders and visionaries that will provide strategic guidance to the Company.

Mr. Scannell brings to the Advisory Board more than 20 years of senior management experience in the technology sector with a reputation for successfully executing innovative sales, marketing and operational support strategies in multinational enterprises. He is co-founder of GlassHouse Technologies, a leading global provider of data center infrastructure consulting and managed services, and currently serves as the company’s Senior Vice President of Corporate Strategy and Sales responsible for GlassHouse’s global market strategy and North American Sales. Prior to GlassHouse, Mr. Scannell served as Chief Operating Officer of UpSource, Inc. a start-up company providing outsourced customer relationship management services. Previous to UpSource, Mr. Scannell held a range of leadership and management roles principally within the information technologies business groups during his career of more than 12 years at Fortune 500 US-based Motorola, Inc., including heading the information technology group supporting Motorola business units responsible for a $10 billion market segment.

Commenting on his appointment to the Rackwise, Inc. Industry Advisory Board, Mr. Scannell said, “Defining and executing effective data center management strategies is critical to optimizing operational efficiencies and utilization of all assets across the global information technology infrastructure. Confronted with escalating complexities inherent with a myriad of diverse issues including cloud, virtualization, storage, backup, security and next generation data centers, IT professionals continually seek to enable powerful, state-of-the-art tools for real- time data management to optimize both operational efficiencies as well as economic benefits while incorporating fundamental risk mitigation and service improvement metrics. The current and contemplated Rackwise® suite of products and service offerings are favorably positioning the Company within the data center infrastructure management market and I look forward to positively contributing to their strategic efforts in this advisory role.”

Mr. Guy A. Archbold, Rackwise, Inc. Chief Executive Officer, stated, “We are extremely pleased to welcome Mr. Richard Scannell to our Rackwise, Inc. Industry Advisory Board. Richard’s extensive market sector knowledge and reputation for unbiased data center management strategies and recommendations utilizing GlassHouse’s unique, vendor-agnostic solution analysis and assessment models, will be invaluable to further enlightening the global community of CIO’s, data center managers and other IT professionals in employing our Company’s ™ offerings as the solutions of choice to meet their evolving information technology infrastructure management needs.”

U.S. Army Corps of Engineers Expands Deployment of Rackwise® DCIM™ Solutions

admin-1 — Mon, 23 Apr 2012 08:17:06 +0000

Rackwise® DCM software key to optimization of Corps’ primary and remote data centers

SAN FRANCISCO, April 23, 2012- Rackwise, Inc. (OTCBB: RACK.OB) (the “Company”), a leading developer of data center infrastructure management software and service solutions, announced today that the U.S. Army Corps of Engineers (“USACE” or the “Corps”) has significantly expanded utilization of the Company’s deployed ™ solution to manage its primary and satellite data centers.

A Rackwise, Inc. customer since 2010, USACE is virtualizing assets to optimize storage in both their primary and multiple remote data centers. Ensuring consistent, timely and accurate asset information across all data centers is essential to optimizing footprints and costs while providing necessary IT infrastructure to support the Corps’ various projects and programs. The Rackwise® ™ solution is a critical component of the USACE information technology strategies for managing both rack and floor space as well as data virtualization and storage optimization efforts. To this end, USACE is leveraging the Company’s education services to substantially expand the Corps’ Rackwise® ™ solution user base, enabling greater utilization of available features and functionality to expedite achieving operational objectives while accelerating return on investment.

Guy A. Archbold, Rackwise, Inc. Chief Executive Officer, commented, “Rackwise® ™ solutions are emerging as the solutions of choice providing data center and infrastructure technology professionals powerful, state-of-the-art tools for real-time data management to maximize operational efficiencies and economic benefits. The U.S. Army Corps of Engineers decision to significantly expand its utilization of our solutions further highlights the progressive incremental value customers can achieve with our product and service offerings. We continue to take great pride in knowing that when the U.S. Army Corp of Engineers supports our nation’s environmental resources and infrastructure, Rackwise is supporting the Corps’ technology infrastructure, enabling them to successfully pursue their mission to strengthen our Nation’s security, energize the economy, and reduce risks from disasters.”

Steve Biondi Joins Rackwise, Inc. Industry Advisory Board

admin-1 — Tue, 03 Apr 2012 08:12:59 +0000

Advisory Board addition advances Rackwise leadership in ™ market

SAN FRANCISCO, April 3, 2012 /Business Wire/ — Rackwise, Inc. (OTCBB:RACK.OB) (the “Company”) announced today that Steve Biondi will join Stephen O’Donnell to serve on the Company’s recently formed Rackwise, Inc. Industry Advisory Board (the “Advisory Board”), a distinctive group of industry thought leaders and visionaries that will provide strategic guidance to the Company.

Mr. Biondi brings to the Advisory Board more than 30 years of senior management experience in the technology industry with a reputation for successfully leading sales and product development teams in multinational organizations. Mr. Biondi was recently appointed and currently serves as President of North America Operations at Micro Focus, a leading provider of enterprise application modernization, testing, and management solutions. Prior to joining Micro Focus, Mr. Biondi served as Vice President, OEM Sales for North and South America at VMware, a global leader in virtualization and cloud infrastructure solutions enabling businesses to optimize information technology (“IT”) resources in the Cloud Era. Previous to VMware, Mr. Biondi held a range of leadership and executive roles in General Business and the Software Group during his career of more than 20 years at Fortune 100 US-based International Business Machines Corporation, including Worldwide Director of Software Sales for Small and Mid-Size Customers.

On his appointment to the Rackwise, Inc. Industry Advisory Board, Mr. Biondi commented, “Efficient data center management is critical to maximizing utilization of all assets across the global information technology infrastructure. Senior executives recognize these investments are essential to both business development and profitability. IT professionals are continually seeking to enable powerful, state-of-the- art tools for real-time data management to optimize operational efficiencies and economic benefits. The Rackwise® suite of products and service offerings, including their new DCM 3.6™ software presently scheduled for release, are elevating the Company’s reputation and market position in this discipline and I look forward to contributing to their strategic growth objectives in this advisory capacity.”

Mr. Guy A. Archbold, Rackwise, Inc. Chief Executive Officer, stated, “We are delighted to welcome Mr. Steve Biondi to our Rackwise, Inc. Industry Advisory Board. His extensive industry knowledge and acknowledged reputation forged from successful careers at IBM, followed by VMware and now Micro Focus, will be invaluable to educating the global network of data center managers, information officers and other IT professionals in utilizing our Company’s ™ Solutions to meet their evolving information technology infrastructure management needs.”

Availity Selects Rackwise, Inc. for Data Center Infrastructure Management

admin-1 — Tue, 06 Mar 2012 16:00:37 +0000

Rackwise® DCM key to optimizing Health Information Network for future growth

SAN FRANCISCO, March 1, 2012 /Business Wire/ — Rackwise, Inc. (OTCBB:RACK.OB) (the “Company”) announced today that Jacksonville, Florida-based Availity, LLC (“Availity”), provider of the Availity Health Information Network, one of the country’s largest healthcare data exchanges, has selected the Company’s DCM solution to plan, model and optimize its growing information technology infrastructure.

Availity enables information exchange between healthcare professionals, health plans and multiple other healthcare stakeholders through a single secure network. The Availity Health Information Network encompasses administrative, financial, and clinical services, supporting both real-time and batch electronic data exchange via the web and through business-to-business integration.

The rapid proliferation of patient and other medical records poses unique and continuous challenges to maximizing data center efficiencies while cost-effectively managing the requisite IT infrastructure to assure timely exchange of critical healthcare information. Availity selected the intuitive, technologically advanced Rackwise® DCM solution in large part for its ease of implementation. The Visio-based solution will allow the enterprise to more accurately track assets, model planned changes, and manage data center and IT infrastructure costs. Additionally, the Rackwise® DCM solution delivers the potential for accelerated return on investment through enhanced monitoring capabilities to better regulate power across the infrastructure.

Guy A. Archbold, Rackwise Chief Executive Officer, commented “We are extremely pleased to have been selected by Availity to track, plan, and manage the IT infrastructure supporting their expanding Health Information Network. Healthcare is one of the fastest growing business segments in North America and ensuring the timely and secure access to critical medical information by key stakeholders is essential to all of us. We are thrilled for this opportunity to provide an essential component in Availity’s current and future IT infrastructure optimization strategies.”

Rackwise, Inc. appoints Jeff Winzeler as Chief Financial Officer

admin-1 — Mon, 06 Feb 2012 14:00:41 +0000

Operations and financial expertise key to Company’s global expansion

SAN FRANCISCO, February 6, 2012 /Business Wire/ — Rackwise, Inc. (OTCBB:RACK.OB) (the “Company”) announced today the appointment of Jeff Winzeler as Chief Financial Officer. Mr. Winzeler brings global operations and financial expertise through his extensive experience with multinational technology organizations.

Most recently, Mr. Winzeler served as Chief Financial Officer at Solar Power Incorporated, where he joined the company as President of one of its subsidiaries to pioneer the first franchise concept into the residential solar market in the United States. Previous to Solar Power Incorporated, Mr. Winzeler served as Chief Financial Officer and Chief Operating Officer at International Display Works, during which tenure he managed multiple aspects of the publicly traded liquid crystal display manufacturer through a profitable sale of the company. Prior to International Display Works, Mr. Winzeler spent 17 years with the globally recognized leader in computing innovation, Intel Corporation, where he held a number of financial management positions in multiple domestic and international locations, including Controller of Intel’s $2 billion FLASH memory division.

Mr. Guy A. Archbold, Rackwise, Inc. Chief Executive Officer, commented, “Jeff Winzeler’s extensive global operations and finance background with enterprises ranging from Fortune 100 to entrepreneurial firms brings a unique perspective and expertise to this critical role and I am delighted to welcome Jeff to our executive leadership team.”