Reston, Virginia – January 11, 2016 – ScienceLogic today announced corporate performance results for 2015. Sales bookings increased 180% YoY, subscription ACV increased 179% YoY, upsells and cross sells increased 70% YoY, and effective Q3 ’15, the company delivered cash flow positive results. International market sales growth continued with a YoY 90% increase. The company’s number of employees increased by 100% in 2015, with plans to double in size again in 2016.
The single most important global growth driver remains the urgent need to efficiently and effectively monitor enterprise hybrid IT infrastructures comprised of traditional on-premises, public and private cloud assets. ScienceLogic’s recently released Trends in Global Cloud Adoption survey* sheds light on this movement. While 83% of enterprise respondents expect public cloud spend to increase in the next 12 months, 82% are unable to ensure optimum performance, health and availability of public cloud workloads due to lack of advanced visibility into their public cloud infrastructures.
“Organizations lack advanced visibility, monitoring, and infrastructure control in their public cloud environments and they certainly don’t want to add more complexity and tools to independently monitor public and private cloud assets,” said Dave Link, ScienceLogic CEO. “Our outstanding results are underpinned by the fact that we’ve created an elegant, integrated solution that combines on-prem legacy and public cloud services visibility in a seamless and automated manner, reducing the proliferation of disparate operations tools.”
Additional 2015 ScienceLogic achievements:
*For more information about ScienceLogic’s Trends in Global Cloud Adoption survey, please view the infographic. The survey was commissioned and produced by ScienceLogic, conducted online between Sept. 22 and Oct. 2, 2015. The survey polled over 1,600 IT professionals across the globe.
ScienceLogic is the global leader in hybrid IT service assurance. Over 47,000 global service providers, enterprises, and government organizations rely on ScienceLogic to significantly enhance IT efficiency, optimize operations, and ensure business continuity. ScienceLogic is the first monitoring solution to provide a comprehensive, real-time view of all IT components, whether they reside in a public cloud environment or on-premises. With hundreds of packaged management apps and custom dashboarding capabilities, we deliver the scale, resiliency, and automation needed to simplify the constantly evolving task of managing IT infrastructure, applications, and services.