Scalable Software Announces Record Fiscal 2015 with 240% Growth
April 29, 2015
- Posted by: Bruce Aboudara
AUSTIN, TX – April 29, 2015 – Scalable Software, Inc., a leading provider of IT asset management solutions for enterprises, today announced record growth for their fiscal 2015 ending in March, achieving 240 percent growth in monthly recurring revenue under contract and adding strategic customers in key vertical industries Energy, Retail, Engineering & Construction, and Media & Entertainment. The company also issued 6 major updates in 2015 to its flagship Asset Vision product to help customers eliminate even more unnecessary cost from their IT hardware and software budgets.
A key industry trend helping drive Scalable Software’s growth is the speed at which enterprises are adopting SaaS applications; often outside the control of corporate IT departments. This rapid adoption of SaaS apps has caused a dramatic upswing in software subscription liabilities as IT is having difficulty tracking adoption and managing licensing. These challenges, coupled with the difficulty of detecting new SaaS deployments using conventional discovery tools, has turned cloud apps into the perfect storm for IT procurement departments. The Software License Optimization capabilities of Asset Vision® help deliver the visibility IT needs into this new class of cloud-based software tools.
“Asset Vision continues to evolve at an industry leading pace; six major releases in a single year is a new high water mark for Scalable” said Mark Cresswell President and CTO of Scalable Software. “The rapid adoption of SaaS apps is helping drive the demand for our solutions, and we’re delighted to offer our customers rich capabilities to help them manage their SaaS-related IT costs more effectively.”
Additional 2015 highlights:
Scalable Software is an established SaaS application developer founded in 2008 providing a cloud-based, customizable, and unified product-set that aggregates IT asset usage and procurement information, from a variety of sources, to present a coherent view of an organization’s IT investment; including actionable intelligence, supported by industry expertise, to optimize that investment.
For more information, visit https://www.scalable.com.