New company business model creates new platform for profitability
Hertzlia Pituach, IL. – January 29, 2015 – Following a corporate restructuring in October 2014, Correlsense ended the year with a profitable operating model. The company forecasts similar performance in 2015.
The restructuring included moving company headquarters to Israel, downsizing its US operation, and refocusing its sales model around distribution partners.
The company will continue development of its enterprise APM product (SharePath), while it augments its strategy with a new set of lower cost, modular products.
“Considering the changes we went through, we are extremely happy with our Q4 results” said Lanir Shacham, Founder & CEO. “As the market continues to evolve, flexibility is the key. While most of our success to date has come from enterprise software, we recognize that many companies want to implement a more a la carte approach to implementing APM”
The company’s software tracks individual user transactions and isolates any performance problems. Once identified, SharePath customers can easily view the details and determine the best course of corrective action. SharePath also helps customers identify potential problems and capture information that may be used to provide better customer service and more efficient revenue generating applications.
Correlsense develops and markets application performance management and IT monitoring software for major corporations worldwide. SharePath customers include some of the world’s largest financial, telecom and healthcare firms. For more information, visit www.correlsense.com.