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Leading Analyst Rates Paid Monitor as a Cloud Company to Watch

Press Release

Paid Monitor, the leading provider of 100% Cloud-based application performance, server and network monitoring solutions, today announced that it has been invited to participate in The 451 Group’s 2009 Innovators’ Showcase at its Fourth Annual Client Conference on November 3-4 at Boston’s Marriott Longwharf Hotel. In addition to announcing its new vision and roadmap at the conference, Paid Monitor plans a series of major new network and cloud monitoring announcements during the week that will continue to cement its lead over conventional, software-based monitoring technologies.

San Jose, CA October 28, 2009 – Paid Monitor, the leading provider of 100% Cloud-based application and IT infrastructure monitoring solutions, is one of only 6 companies selected by The 451 Group, a respected technology industry analyst firm, to present its vision: “Monitoring in the Cloud: Monitor Anything from Anywhere”, to more than 300 top executives from leading US enterprises.

The 451 Group, with its focus on analyzing the business of enterprise IT innovation, covers hundreds of stealth and early-stage companies. The 451 Group’s Innovators’ Showcase, a regular part of the company’s Client Conference since the inception of the event in 2006, showcases some of the best and brightest of these young companies.

Participants, who are nominated by 451 Group analysts, present their business plans and demos of their technologies to The 451 Group Client Conference attendees, who include venture capitalists, investment bankers, enterprise IT end users, software and hardware vendors and system integrators. Attendees are given 451 Group scrip to “invest” in the Innovators Showcase companies. The company that receives the most scrip is honored at the end of the conference.

“The cloud is the next frontier of IT operations management,” said Dennis Callaghan, enterprise software analyst at The 451 Group. “With its ability to do performance monitoring, testing and configuration management in the Cloud, and of workloads running in the Cloud, at an affordable price, we believe Paid Monitor is a company to watch in the nascent Cloud management space.”

In addition to announcing its new vision and roadmap at the conference, Paid Monitor plans a series of major new announcements during the week that will continue to cement its lead over conventional, software-based monitoring technologies.

According to Hovhannes Avoyan, Paid Monitor’ Founder and CEO “Our success to-date comes from the insight that launched the company in the first place. Back then, when a few of us experienced just too many late nights stuck in the office due to inefficient monitoring and management tools, we began to look around and see that many of our counterparts were exasperated by the same issues. The Cloud was offering a better way, and we jumped at the chance to change the game.”

One of Paid Monitor’ early customers, Schoolwires will also be joining Paid Monitor during its presentation to discuss the impact Paid Monitor’ Cloud-based solutions has had on his business. Schoolwires has been using Paid Monitor’ all-in-one suite of monitoring tools for more than 2 years. “Utilizing the Cloud, has led to major advances at Schoolwires!” stated Rick Stivers, Director of Network & IT Services at Schoolwires, Inc. “We’ve been able to gain efficiencies, while reducing costs and the net result is an increase in SLA. Paid Monitor is a critical tool we utilize to quickly respond to downtime for the 1,200 plus web sites we manage.”

What:    The 451 Group’s Fourth Annual Client Conference Innovators’ Showcase
When:    Nov 3-4, 2009
Where:    Boston’s Marriott Longwharf Hotel

For more information on The 451 Group’s 4th Annual Client Event, please visit: Innovators Showcase Webpage.

About Paid Monitor All-in-One Monitoring Platform
Paid Monitor is a 100% Cloud-based, complete, and flexible IT monitoring solution which consolidates back-end, application, and cloud monitoring in an all-in-one, central monitoring service. The platform is easily customizable and may be used for managing of all kinds of IT assets such as websites, servers, routers, switches, VoIP devices, DNS, databases, processes and any other IP devices. Paid Monitor provides users with a comprehensive view of their system’s health and performance.

About Paid Monitor
Paid Monitor believes that the Cloud is the biggest thing to happen in IT management since IT management. Having seen this vision early, Paid Monitor is now the global leader in developing this market. It is the first affordable network and systems monitoring solution based 100% in the Cloud. More than 50,000 customers from small businesses to Fortune 500 companies to government agencies and educational institutions have chosen Paid Monitor to reduce system downtime, improve the productivity of their IT staff, and reduce operational expenditures.

Paid Monitor was founded in 2005 by a team of seasoned entrepreneurs and fed-up and worn-out developers who were tired of complaining about the limits of software-based tools, while inspired by the promise of the Cloud. Headquartered in San Jose, CA, Paid Monitor is lead by a team of IT professionals with deep experience running enterprise-grade IT businesses, as well as starting and selling several IT start-ups. Using a global workforce, particularly its R&D team based in Yerevan, Armenia, Paid Monitor is poised to move from strength to strength. At present, it has a loyal and enthusiastic user community of 50,000, and an average month-on-month revenue growth of over 10%.

About The 451 Group
The 451 Group is an independent technology-industry analyst company focused on the business of enterprise IT innovation. The company’s analysts provide critical and timely insight into the market and competitive dynamics of innovation in emerging technology segments. Clients of the company – at vendor, investor, service-provider and end-user organizations – rely on The 451 Group’s insight to support both strategic and tactical decision-making for competitive advantage.

The 451 Group also operates Tier1 Research – an independent division of The 451 Group – which analyzes the financial and industry implications of developments impacting public and private companies within the hosting, communications and Internet infrastructure sectors. The 451 Group is headquartered in New York, with offices in key locations, including San Francisco, Washington, D.C., London and Boston.

About Schoolwires, Inc.
Schoolwires Inc. is headquartered in Pennsylvania, USA.

Schoolwires provides strategic online communication, community-management and productivity solutions to the K-12 education market. The company’s core product is SchoolwiresCentricityTM, which brings together robust and flexible website management, community management and web 2.0/social network capabilities in a single, user-centric solution. Schoolwires also delivers SchoolwiresSynergyTM, a digital file sharing solution, Schoolwires AssistTM, a service request solution, and SchoolwiresShare(TM), an exclusive online client community and support center.

Schoolwires is recognized in the Inc. 500 List as one of the fastest growing private companies in the nation. The company’s on-demand solutions are deployed at nearly 4,000 schools serving an estimated four million students, parents, teachers and administrators throughout North America.

Paid Monitor Inc.
Sales & Marketing Department
[email protected]
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UK + International: +44-845-527-3346
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2880 Zanker Road Suite 203
San Jose, CA-95134

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