NEWS

WIRES

OTHER

SevOne Continues Success With Robust Growth and Sales

Strong Growth in Revenue, Headcount and Client Base Define Continued Success for Network Performance Management Leader

SevOne, a leading provider of advanced network performance management solutions for optimized application delivery, today announced financial results for its year ended December 31, 2009. The privately held company met all of its key financial targets for the year posting record total revenues. The company almost doubled its 2008 revenues and achieved profitability. SevOne also increased its employee headcount by 52% -- defying challenging macroeconomic conditions.

The company moved into a new headquarters office in Newark, DE, and opened sales offices in Chicago and New Hampshire to manage the Central and Northeast regions respectively. SevOne also created a UK subsidiary and opened a sales office in London, and expanded its partnership network by adding a new distribution partner in the UK. The company was also named a "Product to Watch" by eWEEK magazine, and was selected as a winner in the 2009 Network Products Guide Product Innovation Awards.

"Despite a difficult market, SevOne maintained its focus in 2009 and had a very strong year defined by excellent revenue growth, profitability, conservation of cash, customer acquisition, and an expanding sales coverage footprint," stated Michael Phelan, president and CEO of SevOne. "We have a solid vision and our outlook for 2010 is very optimistic. We intend to continue to deliver profitability, product innovation, aggressively pursue revenue opportunities, and expand our international presence."

From a product perspective, SevOne advanced its technology to meet its customers growing demands and introduced version 4.0 of its SevOne Performance Appliance Solution (PAS™). PAS version 4.0 included a wide range of usability and performance enhancements designed to help enterprises and managed service providers simplify the process of identifying and repairing critical network problems while meeting service level agreements and objectives. The enhancements have also made it easier to use NetFlow in combination with other performance data.

About SevOne
SevOne, Inc. provides distributed network performance management solutions that deliver a holistic, integrated perspective on IT performance. SevOne's PAS™ (Performance Appliance Solution) enables enterprises, service providers, cable MSOs, and federal government agencies to keep increasingly complex networks, servers and applications functioning at peak performance levels. Based on a scalable and flexible modern software architecture incorporating open web-services API, Web 2.0 GUI and peer-to-peer clustering, the SevOne solution provides managers, architects and engineers with the most accurate and timely data available to ensure enterprise-wide network performance and reliability. For more information please visit www.sevone.com.