2015 Great for Monolith Software's Growth

By Steve Anderson March 10, 2016

It might seem late for companies to be releasing information about 2015's operations, but with the first quarter of 2016 coming to a close, some news is coming out. Monolith Software recently made its bow for 2015 results, and the results were stuffed full of word about its growth.

Perhaps the biggest piece of the 2015 news was an impressive growth pattern. Using generally accepted accounting principles (GAAP), Monolith posted a 40 percent increase in revenue over the previous year. This was driven mainly by improvements in the AssureNow platform, some new entries in the vertical market, and a maintenance contract renewal rate that approaches totality at better than 97 percent.

AssureNow's upgrades were quite substantial, including service level monitor (SLM) thresholds and notifications accordingly, extra flow support, predictive trend thresholds, a set of topology-related options, and a complete software development kit to help get the most out of the system overall. With these new features, along with those currently in place, Monolith was better able to help drive growth in network functions virtualization (NFV) and software defined networking (SDN), along with both legacy and hybrid systems, all from one basic platform.

It wasn't just AssureNow that gave the company great growth options; it certainly didn't hurt that the company took home the World Communications Association's 2015 Network Innovation award. A recent deployment by an unnamed—though large—massively multiplayer online role playing game (MMORPG) provider certainly helped matters, and with several new system integrators in tow, Monolith had quite a year.

Monolith CEO, Bill Cannon, commented “We are proud AssureNow is becoming the preferred platform to lower integration costs while providing our customers with the ability to support new applications faster. We are poised for even stronger momentum in 2016 and look forward to delivering new features and rapid ROI to our customers by leveraging, enriching and retiring legacy management tools.”

Versatility is a vital part of just about any business, and Monolith seems to have made a very clear case for itself on the strength of that versatility. When a product works as well for an MMORPG maker as it does for managed service providers and telecom firms, it's clear there's plenty of room for markets to get in on this. That means a diversified client base, and one that's likely to survive most any downturn in an economy short of outright recession or depression. Good news for Monolith Software here, and also a great explanation of why it's done as well as it has of late.

Monolith Software seems to have made a name for itself on the strength of its diversification and versatility. If it can hold that together into this year, 2016 might well be another year of record growth for the company.

Edited by Stefania Viscusi

Contributing Writer

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