Oblicore Continues Strong Growth in Service Level Management for Q3

PRLog (Press Release) - Oct 14, 2009 -
Oblicore, the leading provider of Service Level Management software, continues its pattern of growth for Q3 2009.  During this period, Oblicore bookings increased 43% over the previous quarter with license bookings increasing by 43% as well.  Over the period there was a marked growth in new business with new Customers making up 67% of Oblicore's license bookings for Q2 and Q3 2009.
   
Says Eric Converse, CEO of Oblicore, "Oblicore's growth over the third quarter has been phenomenal.   Our customer base continues to grow at a strong pace and we exceeded our quarterly target by 60%.  This rapid growth is indicative of the market momentum in the Service Level Management space."

Oblicore's expanded was in part fueled by the company's Channel Partner Program.  Following the signing of several strategic resellers in Q1 2009 (http://www.oblicore.com/news/press_releases/2009/08_may.php), Oblicore signed another 8 reseller partners over the second and third quarters and drove 27% of its bookings through this channel program over the period.

"Despite the difficult economy, Service Level Management plays a central role with organizations that are trying to get more from their outsourcing management and IT operations," added Converse.  "The leadership Oblicore has shown in this expanding market means that the company is poised for continued growth."
   

About Oblicore
Oblicore is the leading provider of Service Level Management software.  Our flagship product, Oblicore Guarantee™, automates, activates and accelerates the monitoring, reporting and management of the service portfolio and service level agreements for enterprises and service providers.  An enabler of business management, Oblicore Guarantee™ allows organizations to understand the cost implications of both service catalog items and service level agreements - in real time - for penalties, rewards and new opportunities.  For the first time, enterprises and service providers have complete visibility and can proactively manage service delivery across the business and technology infrastructure from one solution.

Oblicore's software solutions are leveraged by both service providers and global 1200 enterprises, such as AT&T, ABN Amro, British Telecom, Cable & Wireless, Chrysler, E.ON, France Telecom, ING, Lufthansa Systems, Siemens Medical Solutions, and T-Systems, to align their organizational performance with their business objectives.  Oblicore is headquartered in Boston, Massachusetts, with offices across North America, Europe and Asia Pacific.  Please visit http://www.oblicore.com for more information.

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