Evident Software Releases Upgrade of Business Analytics Software

Provides prerequisite IT cost transparency for on-demand computing

Provides prerequisite IT cost transparency for on-demand computing

Bloomfield, NJ — October 20, 2003 — Evident Software Inc., a provider of IT business analytics solutions, today announced the availability of Evident Enterprise Edition Release 4.2, an upgraded version of the company's cost transparency and IT business analytics software.

Evident Enterprise Edition Release 4.2 features improved application costing and reporting features, according to the provider. It expands the core functionality of Evident's flagship product by addressing the challenges of a shared server environment. Evident said this allows its customers to eliminate wasted spending and ensure IT resources are being allocated in the most cost-effective and efficient manner to meet the company's business goals.

As corporations begin to look toward on-demand or utility computing initiatives, Evident said its IT business analytics offering provides the granular financial understanding required to manage these solutions in both internal and outsourced environments.

The upgraded software also includes improved application costing features, which allow customers to measure the usage of multiple applications on the same server. In addition, the new solution enables executives to analyze expenditures based on regional input, reducing the amount of system configuration required to provide actionable data. With such improvements as multi-processor support and data reduction capabilities, Evident said the new release boasts a 50 percent increase in performance over previous versions of the product.

"Variable pay-as-you-use pricing (on-demand computing model) offers the attractive prospect of balancing IT costs with business success," said Lance Travis, vice president, AMR Research, in the AMR Research Alert, July 31, 2003. "IT must develop baseline usage models and budgeting models to help IT and business units budget appropriately for the ups and downs associated with pay-as-you-use pricing."

Evident Enterprise Edition Release 4.2 is available through Evident Software's direct sales force or through its channel partners.