WILMINGTON, DE--(Marketwire - Jul 31, 2012) - SevOne, the leader in IT performance management software, today reported year-over-year revenue growth of 100 percent for the quarter ending June 30, 2012. The company also announced that year-over-year bookings increased 355 percent for the same period and the company increased its Operating Income by 590% year-over-year in the second quarter.
"SevOne's IT performance management products address an urgent need -- namely, how do I economically and quickly manage and monitor my growing network in the face of massive increases in data and an exploding number of endpoints?" said Mike Phelan, CEO of SevOne, Inc. "Our peer to peer SevOne Cluster technology allows Fortune 500 customers to infinitely scale network management and monitoring in real-time, at a much lower cost than legacy products that can't effectively scale."
SevOne has established itself as a must-have platform to meet the challenges associated with deploying and managing technologies like virtualization, cloud, and IPv6.
"System availability and stability are an absolute must in our business as traders rely on TORA Compass™ to execute high volume trading strategies in a low-latency environment," stated Nick Mussallem, Director at TORA. "SevOne's network performance management solution gives us the ability to proactively monitor and adjust our trading system where visibility to system performance is key to delivering the highest quality electronic trading technology tools."
Q2 FY 2012 Highlights:
- Closed a multi-year subscription/ELA agreement with one of the world's pre-eminent consumer technology brands.
- Surpassed 20 customers that each generate more than $1M in revenue.
- Surpassed 17 Financial Services customers listed in the Fortune 500/1000.
- Surpassed 8 Cable customers listed in the Fortune 500/1000.
- Launched SevConnect, a self-service community site (http://sevconnect.sevone.com).
- Launched a version of its software for free use for up to 1,000 network objects. (The software can be downloaded at http://www.sevone.com/download).
SevOne, Inc. delivers the industry's fastest, most scalable, and comprehensive real-time network monitoring, troubleshooting and performance reporting solution. SevOne created a proprietary, next-generation distributed technology, called the SevOne Cluster™, that combines the cutting edge principles behind peer-to-peer sharing and big data clusters to scale smoothly so that millions of network elements, across all monitoring technologies, can be monitored and provide a single view to the user. Hundreds of customers, including the top cable companies, wireless network and managed service providers, and top financial services institutions rely on SevOne. Visit www.sevone.com.