OpTier Posts Record Sales for the First Half of 2009 with Significant Customer Wins, Industry Accolades and Prestigious Awards
Posted on: Monday, 3 August 2009, 08:00 CDT
NEW YORK, Aug. 3 /PRNewswire/ -- OpTier((R)), the leader in Business Transaction Management(TM) (BTM), today announced that the company reported record sales for the first half of 2009, beating its forecast and demonstrating increased demand for its BTM solution. Along with recording strong revenue numbers, OpTier received multiple awards and recognition from industry analyst firms.
BTM Tops Agenda for New and Existing Customers
In the first half of 2009, OpTier secured customers in leading organizations in the banking, insurance, government, transportation and retail markets including both new and repeat customers. The continued growth validates that OpTier's BTM software provides significant benefits in today's economic environment.
Existing customer Deutsche Bank broadened its use of CoreFirst((R)) to enhance visibility into its IT environment in order to reduce the costs associated with downtime and mean time to recovery (MTTR), reporting ROI within weeks. Morgan Stanley expanded its use of CoreFirst in monitoring the performance of its trading transactions in real time and to significantly improve service levels for trading clients. Both customers noted that OpTier's CoreFirst is the most advanced product of its kind and uniquely offers real automated end-to-end visibility of business transactions.
Analyst Accolades
Industry analyst firms continue to laud OpTier for its leadership. Within the past six months, EMA, Forrester and IDC all published reports highlighting OpTier's innovation. For example, IDC published a Private Vendor Watchlist Profile that named OpTier as a "company to watch." The report credits OpTier with the development of BTM, stating, "the company was a pioneer in the emerging Business Transaction Management (BTM) market." The report continues, "To a large extent, OpTier has successfully gained a first mover advantage in the BTM space. The company's products provide an essential component in a fast growth play that establishes OpTier as a leader in a new fast-growth category."
OpTier Awarded
OpTier has had a banner first half of the year with several industry awards. Capping off the list was being named a "Red Herring Top 100" company. Along with the Red Herring 100, OpTier won Network Products Guide's Product Innovation award for Business Transaction Management and was also recognized as one of the publication's Hot Companies for 2009. For the third year in a row, OpTier was also recognized by the Software and Information Industry Association as a finalist for Best Software Testing Solution & Best Systems Management Solution for the organization's CODiE awards.
"From the beginning, OpTier's goal has been to enable organizations to cut costs and derive more value from their existing IT infrastructure through the use of BTM," said Israel Mazin, CEO of OpTier. "Our customers and the industry at large recognize the value CoreFirst delivers, the market opportunity for solutions like ours and the company's leadership in this space. In this continued difficult economic market, we are pleased that our business continues to experience robust growth while helping customers address top of mind cost and quality issues."
About OpTier
OpTier((R)) harnesses the power of real business transactions with its unique Business Transaction Management (BTM) software solutions. Our CoreFirst((R)) product assures that business transactions flow smoothly within IT applications and infrastructure without bottlenecks or outages, for improved end-user experience and reduced cost. Our Active Context Tracking(TM) (ACT) technology delivers end-to-end visibility - of all business transactions, across all tiers, all the time - by continuously discovering the links between IT components and business services. It also prioritizes IT transactions and processes based on business needs, for true IT optimization. For more information, visit www.optier.com.
"Active Context Tracking," "Business Transaction Management," CoreFirst, OpTier and the tagline "Putting first things first" are trademarks of OpTier Ltd.
Contacts: Lindsay Diamond Avi Dines or Jennifer Barlow OpTier Schwartz Communications, Inc. 212-679-2700 781-684-0770 lindsay.diamond@optier.com OpTier@schwartz-pr.comSOURCE OpTier
Source: PR Newswire
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