Tek-Tools Closes Record Second Quarter 2009
Tek-Tools Software, a leading provider of IT resource management software solutions, today announced that it closed the second quarter 2009 with an increase in revenue of 45 percent over the same quarter of the previous year. Unrelenting demand on IT organizations to cost effectively manage virtualization sprawl, servers, storage, back up, applications and more fuels Tek-Tools continued growth. Existing customers driven by the need for end-to-end visibility into both virtualized and physical IT resources expanded their installations of Tek-Tools Profiler Suite accounting for 57 percent of revenue in the second quarter 2009. Simultaneously, the company added 57 percent more customers and increased new business revenue by 36 percent over the second quarter 2008. Revenue from direct sales and the channel continues to grow, 33 percent and 70 percent over Q2 2008, respectively.
Other highlights in the quarter include:
“Our continuous and substantial growth in the current economy indicates that enterprise organizations continue to derive value from the end-to-end visibility into virtualized and physical infrastructures our IT resource management tools provide,” said Tek-Tools President and CEO Ken Barth. “We are beginning to see smaller organizations developing an appreciation for end-to-end monitoring and reporting as well, especially as they, too, adopt virtualization technologies that bring efficiency to operations, but complexity to management. We look forward to supporting organizations of all sizes manage their IT resources as efficiently and cost effectively as possible.”
Tek-Tools Software, Inc. is a leading provider of IT resource management solutions serving customers from the Fortune 50 to the Fortune 5000 across every major vertical market. Its flagship Profiler Suite delivers end-to-end visibility and specific actionable insights on the entire IT infrastructure enabling proactive IT infrastructure management in support of critical business operations. The company is privately-held with offices in the U.S., the U.K. and India. For more information, visit www.tek-tools.com or call (972) 980-2890.
Stephen Harding, 972-980-2890 ext. 229
Kelly A. Murray, 978-597-3377
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here