|
| Friday, 9 June 2023, 08:00 HKT/SGT | |
| |  | |
Source: Trelica | |
|
|
|
CAMBERLEY, UK, June 9, 2023 - (ACN Newswire) - For the second consecutive year, Trelica has been identified as an "outperformer" and "leader" in GigaOm's Radar for SaaS Management Platforms (SMPs). The emergent SMP market where Trelica operates addresses the cost, compliance and operational concerns of unchecked SaaS adoption in the modern enterprise. Analysts predict that 40% of organisations using multiple SaaS products will also utilise an SMP by 2027.
 | GigaOm Radar - SaaS Management
Positioning of 11 SaaS management platform vendors |
The report, which covers 11 SMP vendors, positions Trelica as one of three industry "leaders" and one of just two industry "outperformers". With significant Venture Capital & Private Equity interest in the space - including several investors backing more than one SMP vendor - Trelica remains the only independent, self-funded vendor featured in the report.
Why Trelica's independence is important
"Trelica has a deep focus on quality in its core product, a sentiment confirmed by several of its users."
As an independent SMP vendor, Trelica is able to drive a technology roadmap and business strategy based on the needs of its customers, not the demands of investors. To deliver the greatest possible value, Trelica collaborates closely with customers to develop new features that are quickly integrated into the platform so all customers can begin to benefit. As noted in the GigaOm report, which incorporates Trelica user feedback from customer questionnaires, "Trelica has a deep focus on quality in its core product, a sentiment confirmed by several of its users."
About the report
The GigaOm Radar report, now in its second year, is still the only comprehensive SaaS Management Platform market review by an independent analyst. The report profiles and compares key vendors, equipping IT decision-makers with the information they need to select the best fit for their business and use case requirements.
Specifically, the report Iocates companies on two key axes: "maturity" and "innovation" based on evaluated criteria such as feature-richness, scalability, performance and total cost of ownership. Industry leaders are positioned in the innermost, dark gray circle of the GigaOm 'Radar'.
IT buyers expect breadth of functionality from SMPs
Reflecting market demand, the 'SaaS Management Platform' category label continues to be broad - encompassing a wide range of themes, from SaaS spend control and vendor management, to access compliance and automation of IT operations.
To be considered a "full-featured" SMP in the GigaOm report, vendors need to cover "SaaS financial operations (SaaSFinOps) to handle spend and contract renewal, as well as SaaS operations (SaaSOps) for user lifecycle and sensitive data management."
The report notes that "The expectation is that solutions that deliver a full-featured platform will see wider adoption, while those that do not will become niche providers."
Why was Trelica identified as a market outperformer?
Trelica is one of just two vendors offering an end-to-end platform with features for both SaaSFinOps and SaaSOps. This functional breadth supports an overall strategy "to provide a self-service operating platform that enables finance, purchasing, IT, and security to operate in a federated model while delivering target outcomes," notes the GigaOm report.
The vendor insights section of the report lists Trelica's key strengths vs. other providers who were evaluated. These include "end-to-end SMP features with a wide range of integrations, a content-rich application catalog, full visibility of spend, an innovative contract renewal module, and a user-friendly lifecycle management workflow solution."
Trelica's viewpoint: efficiency rules in a tough economic climate
The GigaOm report cites "On-time contract renewals with optimized entitlements aligned to application usage" and "Operational efficiencies and governance enabled by automated workflows" as key benefits of implementing a SaaS management platform.
As Iain McGhee, Co-Founder of Trelica, notes, "Being bootstrapped, we understand that operating a lean, sustainable business has never been more important. We're here to help IT teams simplify their SaaS usage and lead the charge on operational efficiency."
You can access the full report here. https://trelica.com/gigaom-radar-saas-management-platforms/?utm_source=nw&utm_medium=pr&utm_campaign=gigaom-june-23 Learn more about Trelica's SaaS Management Platform at trelica.com.
For more information
media@trelica.com
Contact Information
Iain McGhee
Co-Founder
iain.mcghee@trelica.com
Topic: Press release summary
Source: Trelica
Sectors: Cloud & Enterprise
https://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
|
|
|
|
|
|
|
| |
Latest Press Releases
CleverTap Recognized as a 'Strong Performer' in the Cross-Channel Marketing Hubs, Q4 2024 Report
Nov 23, 2024 20:42 HKT/SGT
|
|
|
First Quarterly Profit, High-Quality Platform Growth, NaaS Technology Accelerates Ecosystem Development
Nov 22, 2024 23:22 HKT/SGT
|
|
|
Tat Hong Equipment Service Co., Ltd. Announces 2024/25 Interim Results
Nov 22, 2024 19:56 HKT/SGT
|
|
|
Daeshin MC Co., Ltd. Unveils Its Clean Solutions Creating Pleasant Indoor Environments from Industrial Sites to Public Facilities 
Nov 22, 2024 11:00 HKT/SGT
|
|
|
Kaplan Fox & Kilsheimer LLP Alerts Investors to a Securities Class Action Against Humacyte, Inc. (HUMA) - Deadline is January 17, 2025
Friday, November 22, 2024 10:00:00 AM
|
|
|
Jacobson Pharma Announces FY2025 Interim Results
Nov 22, 2024 10:00 HKT/SGT
|
|
|
NaaS Q3 2024 Recap: Strategic Shifts and Tech Innovations for Growth
Thursday, November 21, 2024 9:59:00 PM
|
|
|
GMG Unveils SUPER G(R): A Game-Changing Graphene Solution for the Lithium-Ion Battery Industry
Nov 21, 2024 21:29 HKT/SGT
|
|
|
neurocare Group AG Welcomes Kevin Reeder as Chief Financial Officer
Nov 21, 2024 21:20 HKT/SGT
|
|
|
Experience the Power of Movement: Jin Pilates Brings Singapore's First Garuda Studio for Dynamic, Holistic Wellness
Nov 21, 2024 20:19 HKT/SGT
|
|
|
|
|
More Press release >> |
|
|
|
