OpTier Posts Record Sales for the First Half of 2009 with Significant Customer Wins, Industry Accolades and Prestigious Awards1
NEW YORK, Aug. 3 /PRNewswire/ -- OpTier(R), the leader in Business Transaction
Management(TM) (BTM), today announced that the company reported record sales for
the first half of 2009, beating its forecast and demonstrating increased demand
for its BTM solution. Along with recording strong revenue numbers, OpTier
received multiple awards and recognition from industry analyst firms.
BTM Tops Agenda for New and Existing Customers
In the first half of 2009, OpTier secured customers in leading organizations in
the banking, insurance, government, transportation and retail markets including
both new and repeat customers. The continued growth validates that OpTier’s BTM
software provides significant benefits in today’s economic environment.
Existing customer Deutsche Bank broadened its use of CoreFirst(R) to enhance
visibility into its IT environment in order to reduce the costs associated with
downtime and mean time to recovery (MTTR), reporting ROI within weeks. Morgan
Stanley expanded its use of CoreFirst in monitoring the performance of its
trading transactions in real time and to significantly improve service levels
for trading clients. Both customers noted that OpTier’s CoreFirst is the most
advanced product of its kind and uniquely offers real automated end-to-end
visibility of business transactions.
Industry analyst firms continue to laud OpTier for its leadership. Within the
past six months, EMA, Forrester and IDC all published reports highlighting
OpTier’s innovation. For example, IDC published a Private Vendor Watchlist
Profile that named OpTier as a "company to watch." The report credits OpTier
with the development of BTM, stating, "the company was a pioneer in the emerging
Business Transaction Management (BTM) market." The report continues, "To a large
extent, OpTier has successfully gained a first mover advantage in the BTM space.
The company’s products provide an essential component in a fast growth play that
establishes OpTier as a leader in a new fast-growth category."
OpTier has had a banner first half of the year with several industry awards.
Capping off the list was being named a "Red Herring Top 100" company. Along with
the Red Herring 100, OpTier won Network Products Guide’s Product Innovation
award for Business Transaction Management and was also recognized as one of the
publication’s Hot Companies for 2009. For the third year in a row, OpTier was
also recognized by the Software and Information Industry Association as a
finalist for Best Software Testing Solution & Best Systems Management Solution
for the organization’s CODiE awards.
"From the beginning, OpTier’s goal has been to enable organizations to cut costs
and derive more value from their existing IT infrastructure through the use of
BTM," said Israel Mazin, CEO of OpTier. "Our customers and the industry at large
recognize the value CoreFirst delivers, the market opportunity for solutions
like ours and the company’s leadership in this space. In this continued
difficult economic market, we are pleased that our business continues to
experience robust growth while helping customers address top of mind cost and
OpTier(R) harnesses the power of real business transactions with its unique
Business Transaction Management (BTM) software solutions. Our CoreFirst(R)
product assures that business transactions flow smoothly within IT applications
and infrastructure without bottlenecks or outages, for improved end-user
experience and reduced cost. Our Active Context Tracking(TM) (ACT) technology
delivers end-to-end visibility - of all business transactions, across all tiers,
all the time - by continuously discovering the links between IT components and
business services. It also prioritizes IT transactions and processes based on
business needs, for true IT optimization. For more information, visit