SOURCE: SevOne Inc.

SevOne Inc.

August 02, 2011 08:24 ET

SevOne Continues Strong Growth and Expands Product, Partnerships and Leadership Team

Global Enterprise and Telecom Software Vendor Delivers Strong 1H2011 Financial Results on Continued Demand for Network Performance Management Software

WILMINGTON, DE--(Marketwire - Aug 2, 2011) - SevOne, the new leader in network performance management, today announced that it maintained its growth and momentum, increasing its revenue by almost 100% from 1H2010. The privately held company also increased its employee headcount by 75 percent year over year and brought on a new engineering executive to lead the expansion of its development team.

Highlights of first half of 2011 include the addition of ten major customers to its global portfolio including two wireless carriers in Europe, a top North American cable company, and a multi-billion dollar Financial Services company. With new visibility requirements and tools consolidation, existing customers are also continually expanding their use of SevOne including its managed and communications services provider customers such as ACS (a Xerox Company), Comcast, CSC, Hawaiian Telcom, Metro PCS, and Time Warner Cable.

SevOne also continued geographic expansion of its Partner Program now with 37 regional partners, including Telonic in Germany who closed one of the top travel services companies in the world, and Terilogy in Asia Pacific. The company also held its inaugural partner conference, and expanded direct sales for Latin America and Australia with several key new hires.

From a product perspective, SevOne advanced its network performance management technology to meet its customers' growing demands for more collection and reporting capabilities and launched major new solutions for telecommunications and cable operators, including 4G LTE and IMS performance management and Ethernet backhaul performance management solutions. The company recently added Brian Harvell to its executive leadership to lead the company's product engineering team and work with the CTO and founder Vess Bakalov to accelerate the SevOne vision of removing all scalability and affordability limits to performance data collection, analysis and reporting.

"I was first introduced to SevOne almost four years ago during an RFP process to replace a legacy network performance management tool at my employer, Comcast. SevOne outperformed the other candidates in all areas, and was selected to become the new standard for performance management at Comcast," stated Brian Harvell, Vice President of Product Engineering, SevOne. "It was at this time I knew I wanted to work for SevOne someday, and I'm thrilled to have joined the team. SevOne has a great product, and a talented team, and I will leverage my experience building tools for some of the largest service providers in the world to make the product that much better."

Commenting on the results, Mike Phelan, President and CEO of SevOne, said, "Cloud computing, virtualization, and mobility are causing major shifts and creating tremendous opportunity in the network performance management market. SevOne is taking advantage of this opportunity by continuing to invest in proven leaders, capable of building a company of scale. Brian Harvell's proven leadership and development skills, and deep service provider experience is a huge asset to our leadership team."

In addition to delivering strong financial results and expanding its global customer and partner base, SevOne received external leadership recognition including INTERNET TELEPHONY® Magazine's Annual Product of the Year Award, a finalist in the Hot Companies and Best Products Awards by Network Products Guide, and receiving the Emerging Technology Company Award from PACT.

About SevOne
SevOne, Inc. provides an application-aware, network performance management solution that enables enterprises, cloud and service providers, and government organizations to keep increasingly complex networks, servers and applications functioning at peak performance levels. SevOne delivers the industry's fastest, most scalable and comprehensive real-time monitoring, troubleshooting and performance reporting solution to ensure application performance and reliability. Capable of monitoring millions of IT elements and flows, the SevOne solution provides IT Operations teams with the most accurate and timely data available to ensure enterprise-wide performance and reliability for business applications. Visit us at http://www.sevone.com.

Contact Information

  • SevOne contact:
    Gina Karr
    SevOne Inc.
    gkarr@sevone.com
    +1 (302) 319-5400

    Media Relations Contact:
    Steph Johnson / Amy Redhead
    Aspectus PR
    sevone@aspectuspr.com
    +1 (646) 274 1348
    +44 (0) 207 182 4081