San Jose, CA – April 15, 2010 – Monitis, the leading provider of 100% Cloud-based network and systems monitoring solutions, today announced that it has been named to the 2010 OnDemand 100 – the leading index of the world's most innovative SaaS/Cloud companies.
The 2010 OnDemand 100 is a project sponsored by AlwaysOn, Morgan Stanley, KPMG, and Hewlett Packard to identify the world's top 100 private companies that are taking old notions of data management, customer relationships, and infrastructure and forging solutions that will lead to industry shake-up and huge value creation opportunities.
"As the digital information created by businesses continues to explode at astronomical rates, the need to store, manage, and share this information is becoming extremely challenging," says Tony Perkins, founder and editor of AlwaysOn. "By providing innovative technologies that help enterprises better compete in this new era of information complexity, the OnDemand 100 represents some of the highest growth opportunities in the private company marketplace."
In being named to the OnDemand 100, Monitis has been identified as a leader amongst its peers in developing a game-changing approach and technology platform that is disrupting existing markets and entrenched players. Monitis was selected based on its innovation, market potential, commercialization, stakeholder value, and media buzz.
Said Hovhanness Avoyan, Monitis' Founder and CEO, "We are thrilled with the news of this award. We've always thought we've been working on something of enormous value to our clients and tremendous disruptive potential to the market. But when a group like the OnDemand 100 recognizes us among the world's most transformational start-ups, it's a humbling honor, indeed."
This most recent news comes on the heels of being named in November as "The Most Innovative Start-Up for 2009" by the leading industry analyst, The 451 Group.
About Monitis All-in-One Monitoring Platform
Monitis is a 100% Cloud-based, comprehensive, yet flexible, IT monitoring solution that consolidates backend, application, and cloud monitoring in an all-in-one, central monitoring service. The platform is easily customizable and may be used for managing of all kinds of IT assets such as websites, servers, routers, switches, VoIP devices, DNS, databases, processes and any other IP devices. Monitis provides users with a comprehensive view of their system's health and performance.
Monitis believes that the Cloud is the biggest thing to happen in IT management since IT management. Having seen this vision early, Monitis is now the global leader in developing this market. It is the first affordable network and systems monitoring solution based 100% in the Cloud. More than 50,000 customers from small businesses to Fortune 500 companies to government agencies and educational institutions have chosen Monitis to reduce system downtime, improve the productivity of their IT staff, and reduce operational expenditures.
Monitis was founded in 2005 by a team of seasoned entrepreneurs and fed-up and worn-out developers who were tired of complaining about the limits of software-based tools, while inspired by the promise of the Cloud. Headquartered in San Jose, CA, Monitis is lead by a team of IT professionals with deep experience running enterprise-grade IT businesses, as well as starting and selling several IT start-ups. Using a global workforce, particularly its R&D team based in Yerevan, Armenia, Monitis is poised to move from strength to strength. At present, it has a loyal and enthusiastic user community of 50,000, and an average month-on-month revenue growth of over 10%.
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