Company Accomplishes Another Record Year in the Enterprise Application Performance Monitoring Market
Nastel Technologies, a global provider of software for Application Performance Monitoring (APM), delivering real-time application analytics, transaction tracking and forensics has achieved record revenues with significant expansion in the Healthcare, Financial Services, and Retail sectors. Significantly, Nastel has also continued to be a profitable company.
Nastel’s growth in the APM market was accomplished through its ability to track, trace and audit complex transactions across hybrid application environments. Some customer deployments this year include: Healthcare claims processing, Retail Supply Chain Management and Financial Services loan processing and asset management.
Highlights of Nastel Technologies’ 2015 include the following four items:
- The Company achieved 25% growth in sales year-to-year with its AutoPilot® product line.
- New customer growth increased as 46% of the new 2015 deals were new names. In addition the largest deal in company history in Latin America was closed.
- Nastel customer satisfaction has always been the top priority of the company and in 2015 Nastel achieved a 97% renewal rate from existing accounts.
- Channel Sales results improved with record bookings via the company’s HP and CA channels
“2015 was an outstanding year for Nastel, with large wins, happy customers and new product innovation. Our laser focus on ensuring the highest levels of customer satisfaction combined with our relentless technical innovation has been the key to our revenue growth. With the addition of our new cutting edge analytics and forensics capabilities we are excited to provide continued competitive advantage to our global customer base” said Hari Mohanan, VP Sales at Nastel Technologies.
Recently, Nastel was honored by Gartner’s recognition of its accomplishments in the 2015 Magic Quadrant for Application Performance Monitoring Suites.
The chosen APM solution for over 200 Fortune 500 and Global 2000 corporations, Nastel AutoPilot has earned a reputation for helping companies significantly reduce the frequency and duration of costly application outages. By providing real-time analytics and transaction tracking across multiple event sources, Nastel AutoPilot is able to evaluate situations in IT Operations as a whole as opposed to just individual events. This powerful approach can infer a root-cause from multiple events and deliver meaningful, actionable alerts at the same time it prevents false alarms.
About Nastel Technologies
Nastel Technologies is a global provider of application performance monitoring solution with real-time analytics, comprehensive transaction tracking and forensics. Nastel is a privately held company headquartered in New York, with offices in the U.S., the U.K., France, Germany and Mexico, and a network of partners throughout Europe, the Middle East, Latin America and Asia. For more information, visit us at http://www.nastel.com/.