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  • You're why we're #1 on the Forbes World's Most Innovative Companies list. Reports Record Growth

SAN DIEGO – Feb. 5, 2009 ‑ Service‑, the pioneer of IT service management via SaaS, today announced record revenue growth. As of Dec. 31, 2008, Service‑ is approaching $20 million in recurring revenue. Service‑ executives attribute the growth to a modern approach to software‑as‑a‑service (SaaS) and to simply doing what is right for the enterprise IT customer in a new economy.

Other recent Service‑ business highlights include:

  • Cash‑flow positive for the last year and a half.
  • High triple‑digit growth during the last 12 quarters.
  • Revenue is recurring based on an annual subscription license.
  • Now more than 33,000 IT professionals and 2.5 million end users leverage Service‑ in 30 countries around the world.
  • The majority of the 237 Service‑ enterprise customers were customers of BMC Remedy and HP ServiceCenter / Service Desk.

 Fred Luddy, Service‑ founder and CEO, said, "We're still relatively small but we are onto something big. Next‑generation SaaS, leveraging virtualization and data center automation, has allowed Service‑ to quickly succeed while turning a legacy industry on its head.

"Service‑'s modern IT service management didn't come a minute too soon for our customers who are faced with a new economy. Market forces have caused businesses to look around, find something more efficient, and move away from the status quo. Essentially, we're just providing what is in the best interest of our customers."


Knowledge09 is back in San Diego, May 4‑7, 2009. The annual Service‑ user conference has created a community of professionals dedicated to solving the challenges of IT service management using modern technology and common‑sense best practices. Join us.

About Service‑

Service‑ is the pioneer of on‑demand IT service management software. Service‑ integrates ITIL v3 processes, software‑as‑a‑service delivery, and Web 2.0 functionality to deliver a flexible, intuitive and self‑managing application. Service‑ was founded in 2005 by Fred Luddy, former CTO of Peregrine Systems and Remedy. The company is based in Solana Beach, Calif. and has more than 235 customers worldwide. For more information, please visit http://www.service‑

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