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Netuitive Announces Record Revenue in 2011Growth Fueled by Increasing Demand for Predictive IT Analytics Enabling Proactive Management of Mission Critical Applications (February 15, 2012)
RESTON, VA -- (Marketwire) -- 02/15/12 -- Responding to increasing demand for predictive IT analytics as part of large scale application performance management (APM) solutions, Netuitive, Inc. today announced record revenue and growth in 2011. Netuitive achieved its highest revenue year ever -- nearly a 100% increase -- all while being cash break-even for the past three years.
Keys to this growth included the closure of some of the company's largest deals, the deployment of a new Professional Services organization focused on helping customers realize the full business value from an APM investment, as well as the growing importance of Behavior Learning technology and predictive IT analytics which are revolutionizing APM, particularly in complex, real-time application environments.
Netuitive increased its focus on technology and product innovation supported by an R&D organization strengthened with new executive leadership overseeing the development of the industry's first open predictive analytics platform for IT that will be unveiled later this year. Operational expansion included the creation of a dedicated Office of the CTO organization focused on strategic innovation and analytics improvements.
Netuitive was honored with some of the industry's most prestigious awards. Morgan Stanley presented Netuitive with its "CTO Award for Innovation" given each year to its most outstanding provider. Netuitive won again at VMworld for Best Virtualization Management Solution. And, for the third year in a row, Netuitive won the CODiE award for Best Systems Management solution.
The industry dialogue around predictive analytics increased throughout the year. Gartner's emphasis on APM and recognition of analytics, particularly in large IT environments, continues to grow. In December, IDC reported that growing management complexity is expected to propel automated analytics solutions like Netuitive to mainstream status in 2012.
"We are pleased by our record performance which coincides with increasing industry recognition of predictive analytics as a 'must have' for large scale application performance management," said Nicola Sanna, Netuitive President & Chief Executive Officer. "In 2012 we are laser-focused on helping our customers achieve rapid time-to-value on their investment in Netuitive while growing our business globally."
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 eight of the 10 largest banks, rely on Netuitive to proactively manage the performance of their critical applications and underlying IT infrastructures -- physical, virtual and cloud. Industry recognition includes the 2011 "CTO Award for Innovation" from Morgan Stanley, the 2011 CODiE Award for "Best Systems Management Solution," the 2010 EMA Award for "Best Analytics," and "Best of VMworld" Awards in 2007, 2009 and 2011. For more information, visit www.netuitive.com.
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