logo
Nerdio Surpasses $100 Million in Annual Recurring Revenue as Enterprises Shift to Microsoft Cloud

Nerdio Surpasses $100 Million in Annual Recurring Revenue as Enterprises Shift to Microsoft Cloud

Business Upturn4 hours ago

CHICAGO, June 20, 2025 (GLOBE NEWSWIRE) — Nerdio, the automated end-user computing (EUC) management platform transforming how organizations deploy and manage Microsoft Cloud technologies, today announced that it has surpassed $100 million in annual recurring revenue (ARR), reaching this mark in just over five years. The milestone underscores Nerdio's rapid ascent as enterprises seek easier, more cost-effective ways to manage Microsoft Azure, Windows 365, and Intune environments at scale. The achievement comes just months after Nerdio's $500 million Series C funding round, which propelled the company's valuation past $1 billion.
'Enterprises are quickly moving from legacy VDI to cloud-based solutions—but managing Microsoft Cloud technologies at scale isn't easy,' said Vadim Vladimirskiy, Co-Founder and CEO of Nerdio. 'That complexity has created a huge opportunity for Nerdio. By automating the hard parts of cloud management, we're helping IT teams cut costs, move faster, and do more with less.'
Over the past year, Nerdio has added more than 400 new enterprise customers and now serves over 15,000 organizations across 50+ countries. Global brands, including Chevron, Kraft Heinz, Setfords, Sage, and more rely on Nerdio to manage and scale their Microsoft Cloud environments.
Nerdio automates the deployment and management of Azure Virtual Desktop, Windows 365, and Intune—eliminating manual work like provisioning virtual machines, setting policies, and managing user access. Its robust automation engine also helps organizations right-size their cloud usage, optimize spend, and ensure policy compliance across environments.
Nerdio's growing portfolio of AI capabilities is further transforming how IT teams manage Microsoft Cloud services. With AI-driven recommendations, proactive issue detection, and intelligent scripting support, Nerdio makes it easier to identify inefficiencies, resolve issues faster, and streamline operations without requiring deep Azure expertise.
Achieving $100 million in ARR is just the latest of many major milestones for Nerdio. Over the past year, the company has: Raised $500 million in Series C funding and achieved unicorn status.
Won the 2024 Microsoft Americas Partner of the Year award.
Influenced more than $350 million of Microsoft revenue.
Launched over 20 product releases while integrating AI into all its offerings.
'We built Nerdio to help enterprises scale efficiently—and we've followed that same playbook ourselves,' said Joseph Landes, Co-Founder and CRO. 'We've hit $100 million ARR in just over five years by staying focused on customer needs, Microsoft innovation, and capital-efficient growth.'
About Nerdio
Nerdio is a leading provider of powerful, simplified cloud management solutions for businesses of all sizes. Trusted by enterprise IT departments and managed service providers (MSPs) alike, Nerdio equips organizations with seamless, cost-effective management tools for Azure Virtual Desktop (AVD), Windows 365, and comprehensive Microsoft 365 management solutions.
With thousands of customers worldwide, Nerdio accelerates cloud adoption, enabling companies to thrive in an era of hybrid work by providing modern, future-proof technology that adapts to evolving workplace needs.
For more information, please visit www.getnerdio.com.
Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
Ahmedabad Plane Crash

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Pornhub Back Online in France After Court Ruling About Age Verification
Pornhub Back Online in France After Court Ruling About Age Verification

Gizmodo

timean hour ago

  • Gizmodo

Pornhub Back Online in France After Court Ruling About Age Verification

Many porn sites, including Pornhub, YouPorn, and RedTube, all went dark earlier this month in France to protest a new age verification law that would have required the websites to collect ID from users. But those sites went back online Friday after a new ruling from a French court suspended enforcement of the law until it can be determined whether it conflicts with existing European Union rules, according to France24. Aylo, the company that owns Pornhub, has previously said that requiring age verification 'creates an unacceptable security risk' and warned that setting up that kind of process makes people vulnerable to hacks and leaks of sensitive information. The French law would've required Aylo to verify user ages with a government-issued ID or a credit card. The company favors age verification methods that are done by large tech companies like Microsoft and Apple at the device level and told France24 that the suspension of the law is an 'opportunity to reconsider more efficient approaches' for age verification. The government of France plans to appeal the suspension of the law to the Council of State, the highest administrative court in the country, according to France24. France is Pornhub's second largest market behind the U.S., according to the company's own figures. The Philippines, Mexico, and the United Kingdom make up the rest of the top five countries that visit Pornhub by traffic. Pornhub didn't immediately respond to a request for comment. Age verification laws for porn websites has been a controversial issue globally, with the U.S. seeing a dramatic uptick in states passing such laws in recent years. Nineteen states now have laws that require age verification for porn sites, meaning that anyone who wants to access Pornhub in places like Florida and Texas need to use a VPN. Australia recently passed a law banning social media use for anyone under the age of 16, regardless of explicit content, which is currently making its way through the expected challenges. The law had a 12-month buffer built in to allow the country's internet safety regulator to figure out how to implement it. Tech giants like Meta and TikTok were dealt a blow on Friday after the commission issued a report stating that age verification 'can be private, robust and effective,' though trials are ongoing about how to best make the law work, according to ABC News in Australia.

Why Accenture (ACN) Stock Is Trading Lower Today
Why Accenture (ACN) Stock Is Trading Lower Today

Yahoo

timean hour ago

  • Yahoo

Why Accenture (ACN) Stock Is Trading Lower Today

Shares of global professional services company Accenture (NYSE:ACN) fell 7% in the afternoon session after the company reported weak first quarter 2025 (fiscal Q3) results: bookings in the quarter (a leading indicator of revenue) missed and EPS guidance was just in line. There were likely concerns about the sales pipeline as the number of new bookings (leading revenue indicator) fell 7%, compared to the more modest decline in the previous quarter. On the other hand, Accenture's revenue beat expectations. Revenue guidance for next quarter also topped Wall Street's estimates. Despite raising its full-year guidance for both revenue and EPS, the market's focus remained on the deceleration in bookings, suggesting concerns about the company's near-term growth prospects and the competitive landscape for IT services. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Accenture? Access our full analysis report here, it's free. Accenture's shares are not very volatile and have only had 6 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business. Accenture is down 18.6% since the beginning of the year, and at $284.07 per share, it is trading 28.7% below its 52-week high of $398.25 from February 2025. Investors who bought $1,000 worth of Accenture's shares 5 years ago would now be looking at an investment worth $1,402. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. Sign in to access your portfolio

Chevron Invites Bids to Divest 50% Stake in Singapore Refinery
Chevron Invites Bids to Divest 50% Stake in Singapore Refinery

Yahoo

timean hour ago

  • Yahoo

Chevron Invites Bids to Divest 50% Stake in Singapore Refinery

Chevron Corporation CVX has reportedly begun the sale process for its 50% stake in Singapore Refining Company ('SRC'), inviting non-binding bids from potential buyers. Among those approached is PetroChina, which already owns the remaining 50% through its Singapore Petroleum Co Ltd unit and holds the first right of refusal. The move is part of the U.S. oil giant's broader efforts of global restructuring and streamlining operations. Chevron has been optimizing its global portfolio by prioritizing core growth assets, aiming to cut costs and enhance profitability. Earlier this year, Chevron announced plans to lay off 15-20% of its employees to restructure operations. Last month, Chevron divested its interest in Chevron Phillips Singapore Chemicals to Aster Chemicals and Energy, a joint venture between Chandra Asri and Glencore. The potential sale of the refinery would mark the second recent departure by a global energy major from Singapore's refining sector, which faces higher operating costs due to a carbon tax that has impacted its competitiveness compared with other regions. The company's restructuring is not limited to Singapore. Chevron is also assessing the market for other assets in Asia, including terminal and fuel storage facilities in Australia and the Philippines. Morgan Stanley has been appointed to oversee the sale process for these assets, including the SRC refinery. Singapore Refining Company is a 50/50 joint venture between Chevron and China's state-owned oil and gas major, PetroChina. With a crude processing capacity of 290,000 barrels per day, it is the smallest refinery in Singapore. The facility features seven shipping berths capable of accommodating very large crude carriers. Its fuel products are traded regionally and internationally, supported by a well-established distribution network across Singapore and Jurong Island. Global trading house Glencore is among the entities reportedly invited to assess the refinery stake. Estimates suggest Chevron's share in SRC could be valued between $300 million and $500 million. The sale process, with offers expected in July, comes at a time when energy majors are sharpening their focus on profitability and efficiency in a volatile market. Houston, TX-based Chevron is one of the largest publicly traded oil and gas companies that participates in every aspect related to energy, from oil production to refining and marketing. Currently, CVX has a Zacks Rank #3 (Hold). Investors interested in the energy sector might look at some better-ranked stocks like Global Partners LP GLP, Subsea 7 S.A. SUBCY and Gibson Energy Inc. GBNXF. While Global Partners and Subsea 7 currently sport a Zacks Rank #1 (Strong Buy) each, Gibson Energy carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here. Global Partners is a Delaware limited partnership formed by affiliates of the Slifka family. GLP owns, controls or has access to one of the largest terminal networks of refined petroleum products in New England. The Zacks Consensus Estimate for Global Partners' 2025 earnings indicates 17.84% year-over-year growth. Subsea 7 operates as an engineering, construction and services contractor to the offshore energy industry worldwide. The Zacks Consensus Estimate for Subsea 7's 2025 earnings indicates 95.52% year-over-year growth. Calgary, Alberta-based Gibson Energy is an oil infrastructure company with its principal businesses consisting of the storage, optimization, processing and gathering of crude oil and refined products. The Zacks Consensus Estimate for GBNXF's 2025 earnings indicates 36.76% year-over-year growth. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Chevron Corporation (CVX) : Free Stock Analysis Report Global Partners LP (GLP) : Free Stock Analysis Report Subsea 7 SA (SUBCY) : Free Stock Analysis Report Gibson Energy Inc. (GBNXF) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store