40% Revenue Increase and Expanded Market Acceptance for AssureNow's Unified Approach for Data Collection, Normalization, Visualization and Reporting
FRISCO, TX--(Marketwired - Mar 3, 2016) - Monolith Software (Monolith), the leading provider of next-generation, unified service assurance solutions, today announced the company's notable 2015 market and company growth. Company achievements for 2015 that contributed to its 40 percent revenue increase (on a GAAP basis), include new AssureNow™ platform feature enhancements, additional vertical market entries and renewing over 97 percent of customer maintenance contracts.
2015 represents Monolith's most aggressive software development year to date, as the company continued to enhance its AssureNow to support hybrid networks, legacy environments and SDN/NFV infrastructure -- on a single unified platform. Additionally, the offering is uniquely positioned to optimize network availability and enable real-time deployment of service assurance fulfillment. New 2015 product enhancements include:
Throughout 2015, Monolith experienced an increase in the size and scope of AssureNow deployments across wireless, cable, gaming, financial, and service provider markets as well as being selected by a managed services organization in the United Kingdom, to support a Tier 1 cellular network.
Additional 2015 AssureNow momentum highlights include:
"We are proud AssureNow is becoming the preferred platform to lower integration costs while providing our customers with the ability to support new applications faster," said Bill Cannon, CEO, Monolith Software. "We are poised for even stronger momentum in 2016 and look forward to delivering new features and rapid ROI to our customers by leveraging, enriching and retiring legacy management tools."
About Monolith Software
Monolith Software provides a next generation, service assurance solution that unifies fault, performance, topology, and service level management in a single scalable platform. Built on a single codebase, our multi-tenant AssureNow™ platform uses an open and unified approach for data collection, enrichment, visualization, and reporting. Leading telecommunications, managed service providers and enterprises, including Eir, Equinix, Hargray, Oracle, Tata Communications, and Tele2 use Monolith to unify and simplify their infrastructure management, and consolidate disparate and legacy tools onto a single platform to significantly reduce operations costs and assure delivery of new services and enhance customer experience. For more information, visit www.monolith-software.com.