According to IDC, sales from hyperconverged systems, which collapse core storage and compute functionality into a single, highly virtualized solution, grew 64.3% to $3.7 billion in 2007, accounting for 34% of the total converged systems market. San Jose-based hyperconverged storage provider Nutanix (NASDAQ:NTNX), which went public in 2016, is at second place in the hyperconverged systems market.