WILMINGTON, Del.--(BUSINESS WIRE)--SevOne, the leader in providing scalable performance monitoring solutions to the world’s most connected companies, today announced the opening of its new Philadelphia satellite office in response to a year of rapid business growth. SevOne will be joined by Philadelphia Mayor Michael A. Nutter this evening at its formal ribbon-cutting ceremony to celebrate the new office located at 1400 Chestnut Street.
“I’m excited and pleased to welcome SevOne to its new expanded offices on Chestnut Street in Center City,” said Mayor Nutter. “The continued growth of SevOne is yet another indicator of Philadelphia’s emergence as a hub for startups, technology and innovation.”
SevOne has enjoyed an average year-over-year growth rate of 65 percent for the last three years, causing the company to outgrow its previous office on Strawberry Street in Philadelphia, which housed 15 employees. By contrast, the beautiful, open layout of the new office space can comfortably provide capacity for 55 and will better allow SevOne to foster collaboration with customers, partners and prospects in the Philadelphia area.
"As a result of SevOne's accelerated growth, which saw headcount double to 270 employees in the past year alone, it was imperative that we open a larger office in Philadelphia to meet our constantly evolving needs,” explained Jack Sweeney, CEO of SevOne. “We couldn’t be more pleased to remain here in Philadelphia, a vibrant, first-rate city with a motivated and technology-savvy workforce.”
SevOne was recently named to the Forbes top-100 list of privately held, high-growth companies. With a patented distributed architecture for performance monitoring, SevOne counts in its current customer list seven of the thirteen largest global investment banks, two of the four largest pharmaceutical companies, two of the four largest software companies, and a number of the largest cable and telecommunications operators in the world. In 2013, SevOne closed a $150 million funding round from Bain Capital.
About SevOne
SevOne provides the world's fastest, most scalable performance monitoring platform to the world’s most connected companies. An all-in-one solution, SevOne detects and alerts on network and data center performance events before they impact your business. SevOne developed a next-generation technology called the SevOne Cluster™ that incorporates the cutting edge principles behind distributed computing to address any scalability concerns. SevOne monitors millions of objects across multiple technologies from a single pane of glass. Customers including the top cable companies, wireless network and managed service providers, and top financial services institutions rely on SevOne to monitor the performance of their critical infrastructure.
