Company Overview
SatoriTech enables enterprises to manage the economics of IT with business intelligence solutions that create unique insight into the financial and operating efficiency of IT operations. With these solutions, the “black box” of IT economics is unlocked allowing financial, IT and business executives to dramatically reduce the cost of datacenter operations and correctly charge users for IT services. SatoriTech's unique, patent-pending technology for normalized metering of computing capacity, usage and operating costs allows for comprehensive coverage of heterogeneous server environments where physical and virtual machines are shared by a variety of internal and/or external consumers of IT services.
SatoriTech is a privately-owned company headquartered in Los Gatos, California with an additional office in New York City. The company was founded by a group of seasoned IT executives with prior experience working for such companies as BEA, Informix, J.P. Morgan, McKinsey and Microsoft. In the fall of 2007, SatoriTech Inc. acquired the product assets and all related IP of Provment AB. Provment was founded in 1997 in Stockholm, Sweden, by the creators of the main resource accounting and capacity planning applications for the IBM mainframe (CAPICS and PowerTrack). The founders of Provment realized that the open systems world needed the same management services and control that were available on the mainframe in order for IT operations to run efficiently.
Provment had dramatic success in the Scandinavian market. Given the pioneering nature of solutions developed by Provment, in 2002 the Harvard Business School wrote a case study on the benefits Provment delivered to the Swedish Postal Payments system. By 2006, Provment had racked up an impressive list of reference customers in Sweden, including the largest financial services, logistics and government agency organizations.
The success of VMware and other vendors of virtualization platforms in bringing virtualization to the datacenter enabled “mainframe-like” resource sharing on open system servers, but also created a problem for organizations in terms of lack of visibility, metering and accounting for resource usage in the virtual environment. Provment found itself at the center of attention with its unique capabilities to solve these challenges based on years of development work and customer deployments in the Scandinavian region.
SatoriTech acquired the Provment assets to commit an experienced executive team and significant resources to provide solutions for bringing about and maintaining datacenter efficiencies and transparency to the global market and to capitalize on the revolution in IT infrastructure brought about by the introduction of virtualization platforms.