LOS ANGELES, Calif. – February 14, 2011 – ServiceMesh, a provider of enterprise software and services that enable Agile IT operating models for Global 2000 clients, today announced it has been recognized as one of the “Hottest Startups” at the annual Los Angeles Venture Association (LAVA) awards. LAVA is one of the oldest and most successful organizations of its kind to promote the development and financing of promising emerging growth companies through membership consisting of prominent entrepreneurs, executives, and venture capitalists. The annual LAVA awards recognize companies in the Southern California area that have been judged by a committee of technology industry experts and venture capitalists to have the greatest potential to grow rapidly and create significant value for their shareholders.
ServiceMesh was nominated for this award based on its rapid growth and success in enabling large enterprises to deploy extremely flexible and cost effective IT operating models that encompass a federation of internal and external IaaS, PaaS, SaaS, and cloud service providers. As a result, these enterprise customers are entering new markets more rapidly, deferring costly IT infrastructure expenditures, accelerating new products development, and significantly improving customer satisfaction.
“We’re very pleased to be recognized by such an esteemed group of leaders in the financial, entrepreneurial, business and academic communities,” said Eric Pulier, CEO of ServiceMesh. “Our ServiceMesh team has worked hard to deliver 3X year-over-year revenue growth and three straight years of profitability while carefully managing our growth to avoid the need for external investment capital. Most importantly, our enterprise customers are continuing to expand their investment in our products to harness cloud-based IT operating models, which are delivering breakthrough advantages for them in terms of cost savings and business flexibility. We’re looking forward to continuing these successes in 2011 for both our customers and our shareholders.”
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ServiceMesh delivers enterprise-grade solutions to enable Agile IT operating models for Global 2000 clients. ServiceMesh solutions consist of advisory services, market-ready IT optimization strategies, and the ServiceMesh Agility Platform™ to automate and manage the lifecycle of cloud-based, “everything-as-a-service” environments.
Enterprise customers select ServiceMesh to design and implement IT strategies that offer game changing competitive advantages through a federation of internal and external IaaS, PaaS, SaaS, and cloud service providers. Customers use the Agility Platform to automate their plan, build, share, and run lifecycle with the security, governance, transparency, identity management, and policy control required by large enterprises. Some of the world’s largest and most sophisticated companies in financial services, health care, and other IT-intensive industries rely on ServiceMesh to realize quantum improvements in business agility, lower operating costs, and to enable new business and economic models that support their strategic business initiatives.
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