SANTA CLARA, CA--(Marketwire - Aug 6, 2012) - Appnomic Systems, a leading provider of automated enterprise and Cloud IT performance management solutions, today announced it has been named by the SiliconIndia Report as one of the top 20 technology solutions for the Banking, Financial Services and Insurance Industry (BFSI). An overview of the report may be found at http://cio.siliconindia.com/company/
The objective of SiliconIndia's study was to select the most innovative BFSI solutions available in the Indian market. Editors took nominations and feedback from solutions providers, current and prospective BFSI customers, industry experts and analysts. The staff narrowed down more than 2,000 nominations to 100 and then presented the top 20 with the help of an advising committee consisting of several CIOs and industry experts based in India and the United States.
India's BSFI sector has seen a nearly 20 percent growth in aggregate deposits to $1.14 trillion in 2010-11 as compared to $948 billion in 2009-10. SiliconIndia views technology as the backbone of the key drivers behind diversification and growth.
"Unlike established monitoring solutions that focus on a reactive trouble-shooting approach to issues after they occur, Appnomic delivers preventive monitoring solutions based on ABL (Application Behavior Learning) analytics," said Christo Jacob, managing editor, SiliconIndia. "IT professionals can capture early warning alerts to prevent service-affecting problems for end users, for the first time."
The SiliconIndia Top 20 ranking is the latest of many global industry recognition awards for Appnomic Systems and follows Appnomic's recognition as THINKStrategies' 2012 Best of SaaS Award and a 2012 SIIA CODiE Finalist.
"This SiliconIndia Top 20 ranking is a clear indication of Appnomic products' impact on the IT operations of India's BFSI companies," said Ray Solnik, president of Appnomic Systems' U.S. operations. "Combined with our growing India customer successes, award-winning recognition like this from SiliconIndia reaffirms our recent decision to take our technology to the U.S. market. Financial services and other innovative companies are quickly embracing Appnomic's solutions to better realize the true potential of complex enterprise, Cloud and hybrid environments."
Cresting Wave, a New York City based, 10-year veteran consultancy that advises over 200 early adopter corporate IT in the BFSI industry, recently partnered with Appnomic to help bring the company's proven success in India to the United States. Cresting Wave has deep, established relationships with leading Hedge Fund, Financial Services, Media & Entertainment and other organizations and is now representing Appnomic's AppsOne and OpsOne products to their community of early adopter technologists.
"Appnomic addresses the application layer in such a way that solves real business issues," said Steve Shuhet, CEO and founder, Cresting Wave. "Appnomic has proven success with more than 60 leading companies around the world. We are dedicated to helping them establish a similar leadership position in the United States."
SiliconIndia.com is India's largest professional news and media company and has been ranked 4th Worldwide for Best Business and IT news (Source: Alexa.com). SiliconIndia has inspired the success for a large number of startups, entrepreneurs, and industry professionals over the last 10 years, both in the U.S. and India. We have helped our members share their business and technology successes and secure jobs. The essence of creating the online community of Indian professionals is to bridge the information gap, which exists today in spite of digital era. We capture insights from the experience of entrepreneurs, CEOs, senior managers, technology professionals, career advisors, and HR managers to help visitors stay updated on the latest developments in technology and other fields.
About Appnomic Systems
Appnomic Systems is a leading provider of automated enterprise and Cloud IT performance management solutions that help businesses migrate to, live, and thrive in Cloud and hybrid environments. Appnomic's SaaS and enterprise AppsOne and OpsOne solutions automate both complex application performance management tasks and routines, labor intensive maintenance activities respectively. The company's flagship award winning product, AppsOne, is the industry's first Application Behavior Learning (ABL) solution to leverage real-time application usage patterns in its three-dimensional performance management model. With AppsOne, IT organizations can focus on preventing IT application performance issues rather than on mean-time-to-repair (MTTR) operations issues.
The company's global headquarters are in Bangalore, India, and new North America headquarters are in Santa Clara, CA. Appnomic is backed by Norwest Venture Partners. For more information please visit the company's website at www.appnomic.com.