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.

Employee Rating

2.3More
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 (Q2, 2017)

7.5m

Gross profit (Q2, 2017)

206.0k

Gross profit margin (Q2, 2017), %

2.7%

Net income (Q2, 2017)

(20.6m)

EBIT (Q2, 2017)

(18.9m)

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

(93.3m)(30.1m)(38.6m)(62.1m)(26.5m)(50.9m)(73.6m)(22.2m)(42.7m)

Depreciation and Amortization

8.7m3.0m5.9m8.4m4.7m6.7m2.0m4.1m

Inventories

(13.5m)(216.0k)3.0m10.4m15.7m(2.5m)(1.8m)(140.0k)(1.8m)

Accounts Payable

3.4m4.1m(3.6m)(9.7m)13.4m(5.6m)(5.3m)(2.3m)(1.3m)
USDY, 2016

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 Blogs

Get Extreme Performance with Flash sans NVMe Today.

NVMe has been one of the hottest topics in the storage industry for a while now.  Rightfully so, it is making an impact in the storage industry and moving computing forward.  For storage vendors and customers alike, it is important to be ready as certain aspects of NVMe become standard. …

Renovate or Buy New - Finding your best path to Modernization.wdxefcqufszuzezftuxetqsqxt

With all the technology approaches in the market place to modernize IT, it is a challenge to maneuver through all the noise and figure out which is the best approach for you and your company.   Whether you are considering cloud, hyper-converged, revolutionary database products, or a new …

The Acquisition of X-IO Storage

Today, Violin Systems signed an agreement to acquire X-IO Storage.  This is big. Here is why we are doing it.

The Fastest Enterprise Storage in The World

Today we announced a really cool new product called the XVS 8. In a nutshell, we made the fastest enterprise storage in the world – faster. Speed, and by speed, I mean ultra-low latency, can do some amazing things. It does the obvious, it lets your applications run faster, increasing pro…

My Coffee, IoT & 5G: Latency Demand Continues

I was having coffee with a friend of mine a few weeks ago and he was talking about some new phone coming out that would be 5G ready.  Now, I’m not a big “phone” guy and my friend is not in any a “Technology” guy, at least not that he realizes. As a matter of fact, he often picks at me…
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Violin Systems Company Life and Culture

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Violin Systems Frequently Asked Questions

  • When was Violin Systems founded?

    Violin Systems was founded in 2005.

  • Who are Violin Systems key executives?

    Violin Systems's key executives are Ebrahim Abbasi, Jim Curley and Susan Aoki.

  • How many employees does Violin Systems have?

    Violin Systems has 235 employees.

  • What is Violin Systems revenue?

    Latest Violin Systems annual revenue is $50.9 m.

  • What is Violin Systems revenue per employee?

    Latest Violin Systems revenue per employee is $216.5 k.

  • Who are Violin Systems competitors?

    Competitors of Violin Systems include Iron Mountain, Jungle Disk and Komprise.

  • Where is Violin Systems headquarters?

    Violin Systems headquarters is located at 300 2560 N 1st St, San Jose.

  • Where are Violin Systems offices?

    Violin Systems has an office in San Jose.

  • How many offices does Violin Systems have?

    Violin Systems has 1 office.