SAN MATEO, Calif.--()--newScale® Inc., the market leader in IT Service Catalog software solutions, today announced that it achieved record financial performance and customer success in 2009. The company’s growth was fueled by a 28 percent increase in new customer wins and expansion deals, highlighted by new customers such as The Bank of New York Mellon, BG Group, BJC HealthCare, Canadian Department of National Defence, Danfoss, Discover, Duke University Health System, MassMutual, Northrop Grumman, Occidental Petroleum, Raiffeisen Informatik, and South African Airways.
“Virtualization and cloud computing are driving a fundamental shift in IT infrastructure investment, and newScale is in the right place at the right time”
"Virtualization and cloud computing are driving a fundamental shift in IT infrastructure investment, and newScale is in the right place at the right time,” said Scott Hammond, president and CEO of newScale, Inc. “Despite a tough economic climate, newScale surpassed all our growth and financial objectives for 2009. In fact, last quarter, we blew away our targets with an average of 210 percent over-achievement. Building upon these impressive results and our track record of customer success, we expect to accelerate this momentum in 2010.”
As noted in a recent article published by Network World titled, “5 must-have IT management technologies for 2010,” the IT Service Catalog is one of the "five technologies industry watchers say could become mandatory for optimized IT service delivery and advanced data center operations in the coming year." In fact, the article stated that "the trend toward putting available IT services into an easily digestible Web-based IT Service Catalog will explode in 2010." Interest in self-service for data center automation, virtualization, and private clouds is accelerating this trend.
"It's a good time to be in IT infrastructure, because we have an opportunity to look at our existing investments and change the economic model," said Mark Brennan, vice president of IT Infrastructure, Gap, Inc. "Working together with newScale, we are focusing on standardizing our data center services, leveraging virtualization, and moving towards a fundamentally different delivery and cost model."
Highlights for newScale in 2009 included:
About newScale, Inc.
newScale, Inc. is the leader in IT Service Catalog and Service Portfolio Management software solutions, with more than two million users worldwide. newScale solutions enable IT organizations to catalog their portfolio of services, govern demand for services, manage delivery of services, and optimize service quality. newScale customers –– including twenty percent of the Fortune 50 –– benefit from increased operational efficiency, reduced costs, improved service levels, and greater IT/business alignment. For more information, please visit the newScale web site at www.newscale.com or call 650-403-7700.