- Evaluation based on Completeness of Vision and Ability to Execute –
RACKWISE, Inc. (OTC: RACK) (the “Company”), a leading developer of data center infrastructure management (“DCIM”) software and service solutions, today announced that it has been included in the Gartner Magic Quadrant for Data Center Infrastructure Management (DCIM) Tools report released by research firm, Gartner, Inc. The full-length Magic Quadrant report is available at http://www.gartner.com. A Gartner subscription is required.
Gartner “Gartner 2014 Magic Quadrant for Data Center Infrastructure Management (DCIM) Tools” by Jay E. Pultz, David J. Cappuccio, April Adams, Federico De Silva, Naveen Mishra, Henrique Cecci, and Rakesh Kumar. September 22, 2014.
Gartner’s Magic Quadrant is a culmination of research in a specific market, providing a view of the relative positions of the market’s competitors by applying a uniform and neutral evaluation criteria among other things. RACKWISE believes that the inaugural Gartner Magic Quadrant for DCIM tools highlights the importance of this rapidly growing market, which is currently estimated by various industry analysts at roughly $400 million and projected to increase to $1.1-$1.8 billion by 2016.
As a recognized source for competitive comparisons in the information technology industry, Gartner Magic Quadrant reports offer a focused analysis of the direction and maturity of certain markets and its key vendors. To be included in the Gartner Magic Quadrant for Data Center Infrastructure Management (DCIM) Tools, RACKWISE, Inc. was selected as one of only seventeen companies out of a very broad field of over one hundred vendors that self-identify as being DCIM providers. Gartner’s review process, which involved several months of research to complete, included reviews of baseline inclusion criteria, marketing strategy, sales model, current product features, product roadmap, product and service pricing model, as well as customer interviews.
RACKWISE believes this position is a result of the breadth of capabilities included within its RACKWISE DCiM X tm software, which enables the visualization and management of power, cooling, space, IT assets, Facilities assets, business relationships between all equipment assets, and real-time measurements throughout that bridge the gaps between IT management, facility management, business management, and capacity management disciplines that typically exist in enterprises large and small.
“We believe that being recognized in the initial Gartner Magic Quadrant for the DCIM tools market is a significant indicator of RACKWISE, Inc.’s leadership in the market as well as the critical importance and robustness of our offering to current and prospective customers,” commented Guy Archbold, Chairman and CEO for RACKWISE, Inc. “We feel that inclusion in the report further validates the compelling value of our robust RACKWISE DCiM X tm solution and proven track record, both of which will continue to accelerate our growth and expand our customer base.”
Disclaimer: Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
About Rackwise, Inc.
RACKWISE, Inc. (OTC: RACK) is a leader in software development and marketing within the growing data center infrastructure management (“DCIM“) market for IT infrastructure tracking, monitoring, modeling, and management. The Company’s flagship product, RACKWISE DCiM X tm, incorporates open architecture designs into a vendor agnostic platform affording IT professionals maximum flexibility for efficient integration in any computing environment. The RACKWISE DCiM X tm offering provides features and functionalities to assure reliability, identify hidden capacity, and improve efficiencies resulting in accelerated returns on investments through significantly optimized data center facilities and IT infrastructures. RACKWISE DCiM X tm integrates device level, real-time monitoring with advanced modeling, reporting, analytics and other critical capabilities, enabling clients to more effectively manage today’s high density computing configurations and virtualized data centers, mitigate risks associated with cascading faults and other potential inefficiencies within the infrastructure, and facilitate progress to more sustainable “green” data centers. RACKWISE® products and services are used by over 150 companies worldwide. For more information, visit http://www.rackwise.com.
RACKWISE® DCiMtm, and Rackwise OnDemandtm are trademarks of Rackwise, Inc. Any other brand or product referenced herein is acknowledged to be a trademark or registered trademark of its respective holder.
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, including, the Company’s current reports on Form 8-K. The Company does not undertake to update these forward-looking statements.
For additional information, please contact:
Mr. Guy A. Archbold
Chief Executive Officer, Chairman