VergeIO Nears Triple-Digit Year-Over-Year Gains in Key Metrics to Close Out Successful 2024

ANN ARBOR, Mich.--(BUSINESS WIRE)--VergeIO, a leader in ultraconverged infrastructure (UCI), recorded another record-breaking quarter with key wins in new customers, annual recurring revenue and expanded partnerships to place the company in a position of strength for sales and marketing gains throughout 2025.

Backed by enhancements to the VergoOS platform, VergeIO booked 100 percent more new annual contract value (ACV) than the prior quarter and 12 percent more than VergeIO’s previous record set in Q1 2024. Closings of new customers during the quarter likewise nearly doubled, achieving a new company record of new logo closings in a quarter.

Inbound webforms received grew to over 2,000 during Q4 setting a new record by 100 percent. Increased channel investments have resulted in nearly 100 new partners in Q4, resulting in a record 140 deals in the quarter. To date, VergeIO has interacted with 9,000 companies, providing avenues for expanded deal opportunities for years to come.

Buoyed by its success as a viable alternative to VMware, VergeIO made additional gains with those looking to leverage VergeOS for AI workloads. A global hyperscaler is funding a proof of concept (POC) showing how VergeOS can virtualize NVIDIA’s latest GPU to be used remotely on another host for AI workloads. Additionally, VergeIO demonstrated to analysts and media at AWS Re:Invent record-setting performance on inexpensive hardware and, in partnership with Solidigm, on enterprise-class gear.

This fourth-quarter success marks the jumping-off point for future endeavors planned by the company. VergeIO anticipates winning additional new enterprise accounts with the launch of VergeOS on a global data center provider’s bare-metal offerings.

“Thanks to our team’s hard work, ingenuity, and an awesome product in VergeOS, Q4 2024 was another record-setting quarter for VergeIO,” said Yan Ness, CEO of VergeIO. “With a pipeline and forecast significantly higher than where we started Q4, we are set up for a great start to 2025.”

About VergeIO

VergeIO is the future of virtualization and *the* leading VMware Alternative. Unlike hyperconverged infrastructure (HCI), its ultraconverged infrastructure (UCI) collapses the traditional IT stack (computing, storage, and networking) into an integrated data center operating environment, VergeOS. Its efficiency enables greater workload density using existing hardware while improving data resiliency. The result is dramatically lower costs, improved availability, and greatly simplified IT.

For more information about VergeIO and its solutions, visit www.verge.io