Corent Technology and Symphony Services Accelerate Time to Market for Cloud Applications

ALISO VIEJO, Calif., Nov. 2, 2011 /PRNewswire/ -- Corent Technology, Inc. a disrupting innovator in the Software-as-a-Service(SaaS) space, today announced it has aligned with Symphony Services, a leader in global software product engineering services headquartered in Palo Alto, to help customers dramatically speed up the process of migrating conventional, single-tenant software applications into scalable, multi-tenant, and cloud-ready SaaS solutions. The announcement marks an important milestone in SaaS technology innovation, since software companies will - for the first time - have a viable alternative to the costly and extremely complex virtualization strategies commonly used for SaaS deployment.

Today's announcement comes as pressure builds on traditional on-premise software companies to rapidly evolve their offerings to keep pace with the growing demand for robust SaaS solutions. Virtualization technologies have been long prized by IT organizations for their ability to improve the efficiency of hardware resources by enabling, for example, one server to do the job of many. They have not, however, proven to be a complete solution, and software companies need a better approach to plan and deploy efficient and competitive SaaS solutions. This allows software companies, for example, to sell enterprise mobile solutions to all mobile device manufacturers, without the interoperability issues with which they traditionally had to contend.

"We've long championed the innovative 'plug-in' approach to multi-tenancy that eliminates the need to re-write applications. It is key to delivering efficient and competitive SaaS solutions, eliminating the cost and scalability drawbacks associated with virtualization alone," said Shafi Syed, EVP of Engineering at Corent Technology. "With Symphony Services, we've aligned with a leading product engineering services provider whose development expertise and SaaS industry experience will help further our mission of enabling scalable SaaS solutions that are delivered at the lowest possible cost to software companies around the world."

There are severe drawbacks to using a virtualized approach for SaaS:

• substantial cost in adding each new customer;
• difficulty in customizing the environment for each customer
• application and product upgrades are notoriously difficult and complex; and
• added operational cost and complexity due to the lack of integrated self-provisioning, tenant management, subscription management and billing.

"Today's announcement is an exciting milestone for Symphony and the latest example of how we're successfully delivering with a highly innovative and aggressive SaaS migration strategy for our global customer roster," said Keith Higgins, Chief Marketing Officer, Symphony Services. "We look forward to working with the team at Corent Technology to exceed our mutual client expectations while continuing to set the highest bar for SaaS innovation and solutions delivery."

SaaS Revolution: the Advantages of Multi-Tenancy

Corent Technology has brought to market "plug-in" multi-tenancy that overcomes the drawbacks inherent in virtualization only strategies. With Corent's multi-tenant technology, Symphony can assist in delivering efficient and scalable SaaS solutions to its clients by plugging in multi-tenancy capabilities into traditional single-tenant applications. The resulting SaaS solutions have unparalleled efficiency, scalability, and portability benefits and dramatically reduce operational costs and complexity over the entire product lifecycle. Since application upgrades can be applied to all tenants by simply modifying the single instance of the application, the cost savings fall directly to the bottom line. Moreover, since re-writing applications is eliminated, the resulting SaaS solution can be brought to market with Symphony Services in months instead of years.

Feyzi Fatehi, the CEO of Corent Technology, will be attending and speaking at Cloud Channel Summit in Silicon Valley (www.cloudchannelsummit.com) on November 7, 2011, where he will elaborate on the details of this partnership.

About Corent Technology

Corent Technology, Inc. is a leader in SaaS enabling technologies. Corent provides a unique and innovative software "plug-in" approach for the instant transformation of conventional, single-tenant software applications into robust multi-tenant, cloud-ready SaaS (Software-as-a-Service) solutions without the need to re-write the application. The privately-held company is managed by a team of seasoned industry veterans from technology leaders such as HP, IBM, Oracle, Sun, Sybase, and Qualcomm.

www.corenttechnology.com

SOURCE Corent Technology