Press Releases
Renesys Corporation Sees Strong Momentum in First Half
Significant Growth Reported in Service Provider Market with Five Out of the Top Ten Global Networks in the World Now Leveraging Renesys Solutions
Manchester, NH October 8, 2007 — Renesys® Corporation, a leading provider of next-generation, award-winning Internet Intelligence solutions, today announced a 100 percent increase in customer growth in YTD for 2007 as compared to the same period in 2006. Most notably, five of the top ten global networks in the world are now using Renesys solutions. Continuing to advance its services, Renesys also launched Market Intelligence® 3.0 and broadened its number of peering organizations by 70 percent. The company’s momentum, which includes significant employee and revenue growth, is a result of the uniqueness of Renesys Market Intelligence, which provides a level of detailed analysis that gives customers a view into the Global Internet as it impacts their business.
“Customers are turning to Renesys to gain real-time Internet intelligence to make critical business and network decisions,” said Andy T. Ogielski, President, Chief Scientist and Co-Founder of Renesys. “Since the launch of our flagship offering nearly two years ago, we have seen tremendous traction across several vertical markets with the fastest uptake in the service provider industry where we now have five of top ten tier-1 carriers in the world relying on Renesys.”
Over the past year, Renesys’ revenue has increased by 26 percent and its employee base by 12 percent across sales, engineering and customer support. Renesys also established several strategic partnerships in the first half of 2007 including RampRate, the leader in information technology outsourcing services to provide in-depth service provider insight into both IT services benchmarking and real-time network intelligence.
In 2007, Renesys also introduced several major upgrades to its award-winning Market Intelligence service. Updates and enhancements included more detailed ranking report options, user interface changes and advanced news filtering.
To support the continued growth of Renesys the company also announced today that it has appointed Earl Zmijewski as Vice President and General Manager of the Company’s Internet Data Products Division. Earl brings 20 years of experience in scientific computing and IT with an emphasis on networking and security. Prior to Renesys, Earl was IT director at Fluent Inc., a computational fluid dynamics software company, where he was instrumental in establishing new offices throughout the US, Europe and Asia and in the promotion and implementation of Linux clustering technologies.
“Renesys has effectively tapped into a burgeoning market for Internet Intelligence for the service provider and government agency markets,” said Zmijewski. “I look forward to joining the team in continuing to build out our brand, as well as extend our leadership position by expanding the features and capabilities of Renesys Market Intelligence.”
Renesys Market Intelligence
Renesys’ Market Intelligence provides sales and marketing departments at service providers with the information necessary to focus on keeping its most valuable customers and luring away its competitor’s best customers. In addition, it allows providers to decide whether, and how, to enter a new geography or invest in new capacity in an existing market. Renesys’ Market Intelligence is also uniquely designed for the financial and market analyst community who must regularly evaluate the industry impact of a merger or acquisition, or verify information provided by company investor relations staff. The solution provides information on the size and relative market strength of providers involved in a merger or acquisition. It will show whether the competing provider is likely to lose business due to an acquisition and show which customers are overlapping. This allows the analyst to make a more accurate prediction of the financial and market share impact of the acquisition.
About Renesys Corporation
Renesys offers the industry’s first Internet performance monitoring and analysis solution that provides Internet intelligence for competitive advantage. The company gives service providers, government agencies and Global 2000 organizations, a real-time view into the Global Internet as it affects their business. Only with Renesys can customers have a new level of speed and agility in managing the Internet climate outside the four walls of the organization, resulting in minimal downtime between customers, partners and other stakeholders. Renesys was founded in 2000 and is based in Manchester, NH. For more information, visit www.renesys.com.
Contacts:
Bob Fletcher
Senior Director Sales and Marketing
617-306-2399
sales@renesys.com