Managed Objects Closes Record Quarter as Demand for Business Service Management Heats Up
Managed Objects announces that it has its best quarter ever with nearly 20 percent growth over the same quarter last year. The fourth quarter was a period marked by not only the company's tenth anniversary, but also by two dozen new deals, a strong renewal rate for the fourth consecutive year among its existing customer base, the successful launch of a new offering, and further expansion of the company's presence in Europe. Managed Objects expects its consistent growth to continue on the strength of burgeoning demand for BSM, which independent industry analyst and consulting firm Enterprise Management Associates estimates to have grown an average of 50 percent over the last two years, and for BSM projects to rise steadily over the next several years.
Managed Objects is consistently placed at the top of shortlists for the best approach to BSM, SLM and CMDB projects by a full spectrum of industry analysts, which most often praise the company for its vendor-agnostic integration capabilities, as well as for its steady stream of innovations delivered through top-down, business perspective-oriented implementations. For example, the U.S. Customs and Border Protection agency, a new customer signed in 2007, is using Managed Objects' BSM to integrate disparate network and infrastructure data from pre-existing tools. Similarly, Managed Objects' approach allows the State of South Carolina, another new customer, to simultaneously consolidate multiple IT management tools like CA Service Desk, Microsoft MOM and Cisco Works.
Key Q4 highlights include the following:
• Across Europe, Asia Pacific and North America, Managed Objects won 24 new deals, including new licenses and professional services.
• Managed Objects publicly announced two new 2007-customer wins in Q4 with the US Customs and Border Protection agency and the State of South Carolina.
• Publicly announced the quality of Managed Objects' offerings and service spurred expansions of projects in 2007 among existing customers, including PetroChina's third investment in Managed Objects' software since May 2006 and a multimillion-dollar deal expanding an implementation for a major European banking customer.
• Successfully launched Service Contract Management (SCM), an innovative new offering designed to accelerate the composition and creation of Service Level Agreements (SLA) and increase the effectiveness and accuracy of service level management (SLM) teams, enabling them to work more productively on accurate SLA monitoring and reporting activities.
• Strong EMEA sales and growing regional demand drove expansion of the company's European presence through a new office in Zurich, Switzerland.
• In the company's tenth anniversary year, President and CEO Siki Giunta was honored with the 2007 Stevie Award for Women in Business, as Best Executive among those at like-sized peer companies
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