SOURCE: Corvil


January 14, 2016 10:03 ET

Corvil Achieves 40% Revenue Growth as Customers Turn to Real-Time Analytics to Support Complex IT Infrastructures at Lower Costs

Leading IT Analytics Company Leverages Product Innovations and Disruptive Pricing Model for Successful 2015 Expansion; Named "Visionary" in Gartner Magic Quadrant

DUBLIN, IRELAND--(Marketwired - Jan 14, 2016) -  Today Corvil announced that 2015 was its most successful year-to-date, with strong revenue growth driven by new product capabilities, new customer wins, and new deployment use cases. The company continued to increase its market share within the Financial Services vertical with 100 percent of the Top 10 trading institutions, as ranked by global revenue, now using the Corvil platform to safeguard their business.

As large enterprises overwhelmingly adopt new digital business transformation strategies, they require granular visibility to manage the health and performance of increasingly complex business transactions, applications and the hybrid infrastructures that support them. This level of visibility is essential to attaining real-time transparency, performance optimization and user experience insight, and is increasingly being emphasized by the enterprise in order to manage costs, guard against risk, and ensure customer satisfaction. The implementation of Corvil has been proven to reduce the costs associated with managing and maintaining IT systems while also allowing teams to identify and address issues before they result in downtime or business failure.

Corvil's ability to capture and analyze data at granular levels, in real-time, has made it the IT and Business Analytics solution of choice within the world's highest-performing and most demanding digital businesses.

In 2015, Corvil:

  • Grew total revenue by 40 percent
  • Increased total number of new customers by 400 percent
  • Grew revenue from general enterprise IT analytics solutions by 200 percent
  • Expanded its scale in Financial Markets with existing customers and new deals with more of the world's largest global financial institutions
  • Safeguarded the delivery of an estimated $170 billion worth of equity trading data on a daily basis, as well as billions more dollars in options/FX/derivatives
  • Was ranked "Visionary" in a Gartner Magic Quadrant Report
  • Launched new security analytics product with unique ability to operationalize threat intelligence with live network forensics
  • Unveiled solutions in support of compliance requirements for Financial Markets, including MiFID II

"Our expansion efforts over the past 18 months have paid off in 2015 with strong performance and accelerating revenue growth," said Donal Byrne, CEO, Corvil. "As business and IT environments converge, the Corvil platform safeguards critical business applications and services by delivering the complete transparency, assurance and security that has made our product a standout and trusted component of our client's digital business ecosystems."

In 2015 Corvil also brought two major platform releases to the market. Together, these products played a major role in driving Corvil's growth through innovations such as a software-defined pricing model that decreases Total Cost of Ownership of the Corvil platform by up to 80 percent over three to five years when compared to competitors, an all-new, intuitive and customizable user interface and data automation engine that dramatically reduces the time, expense, and complexity of working with network data, and a huge range of platform connectors and plug-ins to allow customers to use Corvil's powerful data in virtually any Big Data application.

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About Corvil
Corvil is the data analytics company to run your business in the Now™. The Corvil platform transforms network data into streaming IT operational intelligence to see, understand and act on your business as it's happening, in real time. Corvil provides the full picture of customers, business and IT infrastructure all interacting together. It does this by making sense of the raw packet data streaming through the network, enriching it with analytics and making it accessible, searchable and consumable. Corvil is built to handle the low-latency, high-performance and big data analytics requirements for the world's most demanding real-time businesses. It is used to monitor over 50 petabytes of data and over $170 billion worth of transactions per day, and is trusted to provide real-time analytics that powers decision and action in the Now.