RESTON, VA--(Marketwired - Oct 15, 2013) - IT monitoring software provider ScienceLogic Inc. reported an all-time record quarter with 75 percent year-over-year sales increase during the third quarter of 2013, largely driven by triple digit growth rates within subscription accounts.
Major trends continuing to fuel the ScienceLogic business include:
- The strategic shift from perpetual licenses to also offering subscription licenses. Subscription licenses give customers the ability to flexibly grow and scale operations without the rigidity of a perpetual contract.
- The ScienceLogic platform offers more than 1,000 Dynamic Apps, True™ Multi-Tenancy, and dashboards that can be built in 90 seconds.
- The service provider market is experiencing growth of up to 30 percent annually according to 451 Research. With a large percent of ScienceLogic's installed base comprised of service providers, ScienceLogic customers continue to buy more capacity at a rapid pace.
ScienceLogic is also experiencing strong momentum in the number of new customers acquired. Some of the key customers that added to third quarter success include Pomeroy, En Masse Entertainment, Politico, Resonate Insights, Burwood Group, Hughes, Blackboard, Cincinnati Bell, U.S. Mint, NOAA, National Institute of Health, and Vision Net.
"Each day further solidifies our approach to solving the challenges of monitoring and managing application workloads in Private, Public and Hybrid Clouds. Thanks to our unique functionality against this difficult problem, our market share is growing," said Dave Link, Co-founder and CEO of ScienceLogic. "We invest a tremendous amount of resources into research and development and hiring the best talent out there. These two priorities are clearly showing through in the customer success we're achieving."
Adding velocity to the successes of the ScienceLogic sales team are a number of prestigious technology awards -- the company has been awarded the InfoWorld 2013 Technology of the Year and Best of Interop 2013 for Management and Monitoring.
ScienceLogic delivers the next generation IT monitoring platform for the network of everything. Over 15,000 global Service Providers, enterprises, and government organizations rely on ScienceLogic every day to significantly enhance their IT operations. With over 1,000 dynamic management Apps included in the platform, our customers are able to intelligently maximize efficiency, optimize operations, and ensure business continuity. We deliver the scale, security, automation, and resiliency necessary to simplify the ever-expanding task of managing resources, services, and applications that are in constant motion.
For more information, visit www.sciencelogic.com.