Netuitive Reaches Profitability and Achieves Record Growth in 2006
Reston, VA – – Netuitive, Inc., the leader in real-time analysis software for business service management (BSM), has experienced record momentum during the past 12 months, further solidifying its leadership position. With revenues growing at 500% year-over-year, the company achieved profitability six months ahead of schedule. During this time, Netuitive has also increased its customer base by 50% and closed several multi-million dollar deals.
“Netuitive is at the forefront of a rapidly growing market,” stated Nicola Sanna, CEO and President for Netuitive. “We are growing exponentially and achieving market validation. Our patented technology coupled with a sound business model has made us the company of choice for organizations looking to accelerate their BSM initiatives. Netuitive’s customer momentum shows that end-users are ready to deploy BSM if it can be made simple.”
Most recently Netuitive closed several large, enterprise-wide customer deals, including those with Kroger, Cincinnati Financial, and The U.S. Air Force. In addition, the company has integrated its technology with additional systems-monitoring solutions from CA, IBM, Oracle and VMware.
“We invested in Netuitive when we recognized that a more automated approach was required to deal with the proliferation of real-time data. This need is only accelerating and Netuitive's success is proof. We’re extremely pleased with the company’s vision and execution that has resulted in industry interest and a very impressive customer roster,” said Ido Sarig of Thomas Weisel Venture Partners.
According to Dennis Drogseth, vice president, at industry analyst firm Enterprise Management Associates, “EMA forecasts that business service management will become a key growth area in the IT industry for the next 5 to10 years, and analytics is one of the most critical, relevant enabling technologies behind the IT process automation as well as other key areas of industry growth. Netuitive's accelerating success in the marketplace serves to confirm that there is a definite market appetite for real-time analysis software.”
About Netuitive, Inc.
Netuitive provides predictive analytics software for IT. Netuitive replaces human guesswork with automated mathematics and analysis to forecast, identify and resolve IT performance issues before they impact quality of service. Hundreds of customers, including seven of the 10 largest banks, rely on Netuitive to proactively manage the performance and capacity of their their IT infrastructures — physical, virtual and cloud. Industry recognition includes the 2010 CODiE Award for "Best Systems Management Solution," the 2010 EMA Award for “Best Analytics,” and the 2009 "Best of VMworld" Award for Virtualization Management. For more information, visit www.netuitive.com.