SOURCE: Netuitive

January 22, 2008 08:15 ET

Netuitive Celebrates Banner Year

Global Expansion, New Product Releases and Industry Recognition Helps Fuel 140 Percent Year Over Year Growth in 2007

RESTON, VA--(Marketwire - January 22, 2008) - Netuitive, Inc., the leading provider of self-learning performance management software, today announced its continued momentum and record growth in 2007. By continuing to innovate and accomplish what no other performance management software has been able to do to date, the company has more than doubled its revenues, surpassed its 200th customer mile mark and secured multi-million dollar deals with industry leaders in the financial services, e-commerce and telecommunications industries.

"Netuitive closed a successful 2007 with 140 percent year-over-year growth. Additionally, our technology has enjoyed a 100 percent success record in competitive evaluations. This tells us that today's companies have moved beyond traditional means of monitoring, and are ready for a change in the way they approach and manage application performance. The need for automated, self-learning technologies has arrived and Netuitive is clearly the vendor of choice," said Nicola Sanna, CEO and President of Netuitive, Inc.

In addition to attracting brand-name customers, Netuitive's self-learning technology has caught the eye of industry experts, such as Gartner, as the firm named Netuitive a "Cool Vendor" in its "Cool Vendors in IT Operations Management, 2007" report. The company also received a "Best of VMworld" award for its release of Netuitive SI for VMware, and just last month finished out the year by earning a "Future 50" award from SmartCEO Magazine.

In Q1 2007 the company secured $8 Million in financing to expand its team and presence both domestically and abroad. Following closely behind its funding news, Netuitive announced its addition of a U.K.-based sales and support center and the appointment of three former HP/Mercury veterans. The company also expanded its presence in Atlanta and Chicago.

Netuitive introduced three significant product releases in 2007, all of which represent a precursor to Netuitive's vision for autonomic computing:

--  In October 2007 Netuitive unveiled the newest version of its self-
    learning performance management software for BSM, Netuitive Service
    Analyzer 2.0, significantly expanding the enterprise feature set with real-
    time service level monitoring and promoting usability across organizational
    silos by analyzing the environment from multiple perspectives with a
    Multiview BSM Dashboard.
    
--  In September, Netuitive rose to meet stringent scalability and
    manageability requirements for the world's largest IT organizations with
    the release of Netuitive SI 4. Adding enhanced UI scalability with
    hierarchical visualization and "smart groups" to enable easy, intuitive
    management of thousands of system elements across the enterprise, Netuitive
    considers this release to be the most usable, intuitive platform for
    performance management.
    
--  Earlier in the year, Netuitive brought to market the first self-
    learning management software for VMware and gained widespread recognition
    for its ability to tackle performance management in virtual environments.
    The technology -- and its ability to understand the meaning and impact of
    relationships in a virtualized environment -- was awarded a "Best of
    VMworld" award, edging out products from over 20 companies in the most
    competitive category at VMworld 2007, which included technologies from CA,
    AMD and IBM.
    

Netuitive's unique method of analyzing and predicting system performance was granted its ninth patent in 2007, further distinguishing its self-learning approach from any other performance management software in the industry.

If you have questions or would like to reach a Netuitive spokesperson for comment, please contact Julie Tangen at 831.454.8523 or Julie@kulesapr.com.

About Netuitive, Inc.

Netuitive is the leading provider of self-learning performance management software. Based on nine patented technologies resulting from 20 years of academic and commercial research and development, Netuitive products replace human guesswork with automated mathematics and analysis to improve performance of systems, business services and virtual infrastructures. Hundreds of customers such as Kroger, BlueCross BlueShield, MetLife, Citigroup and the U.S. Air Force have discovered that Netuitive software leverages existing monitoring systems and delivers return on investment in as little as two months. Named by Gartner as a 2007 "Cool Vendor" for IT operations management, Netuitive has forged partnerships with recognized technology leaders on a wide range of IT and business solutions. For more information, please visit www.netuitive.com.

Contact Information

  • Contact:
    Julie Tangen
    Kulesa Public Relations for Netuitive, Inc.
    831.454.8523
    Email Contact