SAN DIEGO, CA, July 8, 2009 -- Coradiant Inc., the leader in Web Performance Management, today announced that it has completed the acquisition of the assets of Symphoniq Corporation. The acquisition adds relevant talent to the organization to assist in accelerating Coradiant`s growth, and underscores the company`s position as a leader in Web application performance management. Symphoniq`s executive and technical teams have joined Coradiant. The Palo Alto offices of Symphoniq are being retained as Coradiant`s Silicon Valley office and as the company`s second major research and development location.
"The addition of Symphoniq`s talent to Coradiant along with our strategic partnerships highlights our market success and commitment to strong, differentiated leadership in Web application performance management," said Ali Hedayati, Coradiant president and COO. "Coradiant continues to provide the industry`s most successful, fully integrated solutions that enable enterprises to rapidly discover, resolve and prevent Web performance issues. Our focus continues on enabling organizations to manage their Web applications dependably and consistently from an end-user perspective, with complete visibility on premise or in the cloud."
"Coradiant shares the vision that the best approach to Web application performance management is from the end-user perspective," said Hon Wong, CEO and co-founder of Symphoniq. "The integration of the two organizations provides an exciting and powerful position to achieve continued leadership in the market, and to continue delivering cutting-edge management capabilities for Web applications."
About Coradiant
Coradiant is the leading provider of equipment used to manage, optimize and troubleshoot Web applications. Coradiant`s award-winning
TrueSight(r) products use customer metrics gathered from each Web user visit as their primary data source for IT management. Coradiant Web Application Performance Management products are deployed in hundreds of leading organizations and Fortune 500 companies including software as a service (SaaS), e-commerce, entertainment, finance, insurance, healthcare, and education. Coradiant is headquartered in San Diego. For more information, please visit www.coradiant.com/.
(c) 2009 Coradiant Inc. All rights reserved. Coradiant Inc. and TrueSight are either registered trademarks or trademarks of Coradiant, Inc. All other trademarks are trademarks of their respective owners.
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