Instana has announced ARR increase of 175% year-over-year during 2020 Fiscal Year, which included growth in sales, employees and customers, coupled with three acquisitions, and a spate of product enhancements.
The company also announced total customer increase of 150% year over year, employee growth of 45% and four new office openings during the just-completed fiscal year.
Mirko Novakovic, co-founder and CEO at Instana, said: “In the year ahead, we’ll look to build on that momentum, continue our accelerated technology innovation, and change the way organizations think about optimizing application performance to drive tangible business outcomes.”
Instana added several major unique capabilities to their automated Application Performance Management (APM) solution during the year. They extended their leadership in the Kubernetes monitoring arena by adding support for applications running on Rancher, containerD, CRI-O and Pivotal Container Service (PCS), previously known as PKS. The Pivotal announcement was especially interesting given that Instana released a single Pivotal Platform Tile that managed BOTH the Container Service as well as CloudFoundry applications.
Instana also made technology acquisitions from companies BeeInstant, StackImpact and Signify.
To help reach their target markets, the company has built an ecosystem of more than 80 resellers and key cloud platform provider, DevOps and microservice technology partners.
That growth has led to the company opening official offices in San Francisco, Chicago, Seoul, Berlin, Sydney, Research Triangle Park, NC and Novi Sad, Serbia over the last 18 months, Instana added.