Continued Demand for Network Performance Management
We are very pleased to report that for the 1H2011, we maintained our growth and momentum, and increased our revenue by almost 100% from 1H2010. It's also a good thing we relocated our headquarters last year since we also increased our employee headcount by 75 percent year over year and brought on a new engineering executive to lead the expansion of our development team (stay tuned for another blog post on this topic).
We would like to think that the success we have achieved thus far as a company (along with our partners who are an extension of our company) is a strong indicator of the demand of network performance management solutions. We continue to see new performance visibility requirements and tools consolidation driving both new business and existing customers to expand their use of SevOne.
Highlights of first half of 2011 include:
- The addition of ten major customers to our global portfolio including two wireless carriers in Europe, a top North American cable company, and a multi-billion dollar Financial Services company
- Existing customers continue to expand their use of SevOne including managed and communications services provider customers such as ACS (a Xerox Company), Comcast, CSC, Hawaiian Telcom, Metro PCS, and Time Warner Cable
- Geographic expansion of our Partner Program now with 37 regional partners, including Telonic in Germany who closed one of the top travel services companies in the world, and Terilogy in Asia Pacific
- Expanded direct sales for Latin America and Australia with several key new hires
From a product standpoint, we listened to our customers and advanced our network performance management technology to meet their growing demands for more collection and reporting capabilities and launched major new solutions for telecommunications and cable operators, including 4G LTE and IMS performance management and Ethernet backhaul performance management solutions.
As our CEO, Mike Phelan stated in his 2010 SevOne company blog recap, "The investment we have made in our people, systems, training, and space has prepared us to continue our growth in 2011 and to better serve our customers." And he was right on target - we are on our way to big things which makes me very happy to be a part of the SevOne team.