Violin Systems offers a class of flash-based storage solutions to bring storage performance in line with high-speed applications, servers and networks. The Company's Flash Storage Platform is designed at each level of the system architecture to leverage the inherent capabilities of flash memory and meet the requirements of business-critical applications, virtualized environments and Big Data in enterprise data centers. The platform is a vertically integrated design of software, firmware and hardware, which runs the Company's Concerto OS 7, a single operating system with integrated continuous data protection, in-line block de-duplication and compression, stretch metro cluster and logical unit number mirroring, as well as its suite of other enterprise data services.

TypePrivate
HQSan Jose, US
Founded2005
Size (employees)235 (est)
Websiteviolinsystems.com
Violin Systems was founded in 2005 and is headquartered in San Jose, US
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Key People/Management at Violin Systems

Ebrahim Abbasi

Ebrahim Abbasi

CEO & President
Jim Curley

Jim Curley

CFO
Susan Aoki

Susan Aoki

Senior Customer Success Executive
Tim Stoakes

Tim Stoakes

VP, Product & Chief Architect
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Violin Systems Office Locations

Violin Systems has an office in San Jose
San Jose, US (HQ)
300 2560 N 1st St
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Violin Systems Financials and Metrics

Summary Metrics

Founding Date

2005

Violin Systems total Funding

$195.6 m

Violin Systems latest funding size

$8 m

Time since last funding

2 years ago

Violin Systems investors

Violin Systems's latest funding round in February 2017 was reported to be $8 m. In total, Violin Systems has raised $195.6 m
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Violin Systems Revenue

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Violin Systems's revenue was reported to be $50.87 m in FY, 2016 which is a 35.6% decrease from the previous period.
USD

Revenue (FY, 2016)

50.9m

Revenue growth (FY, 2015 - FY, 2016), %

(35.6%)

Gross profit (FY, 2016)

22.3m

Gross profit margin (FY, 2016), %

43.8%

Net income (FY, 2016)

(99.1m)

EBIT (FY, 2016)

(92.2m)

Cash (31-Dec-2016)

23.9m
Annual
USDFY, 2014FY, 2015FY, 2016

Revenue

107.7m79.0m50.9m

Revenue growth, %

(27%)(36%)

Cost of goods sold

64.8m58.8m28.6m

Gross profit

42.9m20.2m22.3m
Quarterly
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Revenue

28.3m18.1m18.6m21.7m12.1m15.3m12.5m9.7m7.5m

Cost of goods sold

12.9m8.6m8.9m10.6m7.0m8.7m6.2m5.8m7.3m

Gross profit

15.4m9.6m9.7m11.2m5.2m6.6m6.4m3.9m206.0k

Gross profit Margin, %

54%53%52%51%43%43%51%40%3%
Annual
USDFY, 2014FY, 2015FY, 2016

Cash

40.3m93.4m23.9m

Accounts Receivable

21.1m15.1m5.3m

Inventories

39.7m10.3m12.0m

Current Assets

166.2m187.6m97.5m
Quarterly
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

82.4m47.9m54.8m130.1m55.1m43.5m29.6m20.2m19.1m

Accounts Receivable

23.4m15.2m12.1m18.5m7.5m5.7m9.5m3.9m2.6m

Inventories

34.4m38.2m33.9m28.7m15.7m13.0m12.3m11.5m9.8m

Current Assets

196.8m149.5m134.5m229.1m159.0m142.7m122.5m67.5m50.2m
Annual
USDFY, 2014FY, 2015FY, 2016

Net Income

(149.8m)(108.9m)(99.1m)

Depreciation and Amortization

12.6m11.0m8.7m

Inventories

(24.3m)9.1m(1.6m)

Accounts Payable

2.9m(11.8m)(7.8m)
Quarterly
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Net Income

(34.1m)(30.1m)(8.4m)(23.5m)(26.5m)(50.9m)(73.6m)(22.2m)(42.7m)

Depreciation and Amortization

4.7m6.7m2.0m4.1m

Inventories

34.4m38.2m33.9m28.7m15.7m(2.5m)(1.8m)(140.0k)(1.8m)

Accounts Payable

20.7m22.8m17.1m13.1m13.4m(5.6m)(5.3m)(2.3m)(1.3m)
USDY, 2016

Revenue/Employee

184.0k

Debt/Equity

-2.4 x

Debt/Assets

1.2 x

Financial Leverage

-2.1 x
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Violin Systems Operating Metrics

Violin Systems's Enterprise Customers was reported to be 350 in FY, 2016.
FY, 2016

Channel Partners

100

Enterprise Customers

350

Patent Applications

88

Patents (foreign)

65
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Violin Systems Revenue Breakdown

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Violin Systems revenue breakdown by geographic segment: 14.6% from Asia Pacific, 22.1% from Europe and 63.3% from Americas

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Violin Systems Online and Social Media Presence

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Violin Systems Company Life and Culture

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