Coradiant, inc., a Montreal-based maker of web performance monitoring technology, was awarded top honours at Networld+Interop, the predominant event for the networking industry.
The Best Of Show award puts Coradiant in a group normally reserved for US-based Silicon Valley technology firms. The award came just a day after the company announced its new TrueSight Web Transaction Monitoring appliance.
Coradiant beat out competitors from throughout the networking industry to win Best of Show, which was awarded at the annual N+I event in Las Vegas. “We’re extremely proud of this award,” said Mike Chuli, president and CEO of Coradiant. “TrueSight may seem like a new product, but it’s really eight years of in-the-trenches experience distilled into a single device.”
The TrueSight product is unique in its ability to watch actual users as they visit a web system, and report on the health and performance of their visits. “It may sound incredible, but most companies have no idea whether a user’s visit was fast or slow,” said Alistair Croll, the company’s Chief Strategy Officer. “Before this, understanding what was actually happening on a site required months of installing and configuring software. So most companies settled for testing the site themselves, and assuming that if it worked for them, it worked for everyone.”
More and more companies are moving to web-based applications. In 2002, $.37 of every dollar spent on information technology went to web-based application integration. Unlike other segments of the technology market that have stagnated in the past year, web applications and real-user monitoring have grown aggessively.
TrueSight uses a technology called Real User Monitoring that measures user experience and application performance by watching traffic to a web site. In addition to newcomers like Coradiant, large industry players like Mercury Interactive, Hewlett-Packard, and IBM have introduced products that watch real users as they navigate websites.
“What makes TrueSight unique is the simplicity and speed with which it can be deployed, and the level of detail companies can collect,” said Chuli. TrueSight can analyze over 100 million unique user transactions in a day, something that other vendors require multiple devices to achieve.
TrueSight is currently in beta deployment with nine Fortune 500 companies in the U.S. The product will be available for sale in July.
Coradiant’s founders have been working on web performance since 1997, and in 2000 launched Coradiant with significant funding from US investors. Prior to the launch of this product, the company had focused on consulting and monitoring services.
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