Industry reaches maturity milestone, validating critical need
for comprehensive SaaS Management solutions
INDIANAPOLIS, July 25,
2024 /PRNewswire-PRWeb/ -- Zylo, the enterprise
leader in SaaS Management, today announced its recognition as a
Leader in the inaugural 2024 Gartner® Magic Quadrant™ for SaaS
Management Platforms. Zylo believes this industry recognition
signifies a major milestone in the maturation and growth of the
SaaS Management market, validating the critical business need for
visibility and control over sprawling SaaS portfolios. A
complimentary copy of the report is available here.
This is an important inflection point for
the SaaS Management industry, and we're honored to be recognized as
a Leader in what we feel is a mission-critical category.
According to Gartner, Leaders exhibit strong execution and
vision scores and exemplify the functionality required for IT
organizations to continuously discover, manage, and optimize SaaS.
Leaders have the broadest set of capabilities, strongest roadmaps,
a larger installed base, and cover the most geographic regions and
industries. As a Leader, Zylo is positioned highest on the Ability
to Execute axis, as well as furthest on the Completeness of Vision
axis. A Gartner Magic Quadrant report is a culmination of research
in a specific market, giving a wide-angle view of the relative
positions of the market's competitors.
"This is an important inflection point for the SaaS Management
industry, and we're honored to be recognized as a Leader in what we
feel is a mission-critical category. We believe this report
underscores the urgent need for all IT leaders to make SaaS
Management a strategic priority, especially given the current
business goals of most companies," said Eric Christopher, co-founder and CEO of
Zylo.
"Since pioneering this space in 2016, we've seen SaaS Management
transform how businesses operate, eliminating hidden waste and
mitigating financial and security risks. Our customers' trust and
partnership have been invaluable in this journey, and we're
grateful for their role in shaping our vision for the future of
SaaS Management."
"We believe that Zylo's recognition as a Leader in the
first-ever Gartner Magic Quadrant for SaaS Management Platforms is
a testament to its exemplary ability to help enterprise companies
manage software proliferation, streamline usage, and reduce costs
at scale. Adobe has experienced unprecedented growth and we've
witnessed the rapid expansion of SaaS portfolios across
departments, leading to escalating costs and complex licensing
challenges," said Ash Rai, Director of Software Asset Management
and Vendor Relations, Adobe Technology Services at Adobe. "By using
Zylo, we gained complete visibility into our SaaS software and
spend, enabling us to identify redundant applications, rationalize
and standardize software categories, and create a comprehensive
inventory of our software landscape."
"Zylo has proven to be a pioneering force in SaaS Management.
I've been a Zylo customer three different times, and their
consistent ability to provide comprehensive visibility into our
SaaS inventory sets them apart as true leaders in the space. With
Zylo, we identified 150 additional applications that were not
previously accounted for, catalyzing significant operational
changes and cost savings," said Gordon
Atkin, VP, Technology and Business Platforms at Salsify.
"This is essential, as SaaS spend is one of the top costs for any
organization today. You must be out in front of it, paying
attention to it, and identifying ways to contain it. Having a SaaS
Management Platform like Zylo is a must-have. It's not a
nice-to-have."
Zylo's unmatched dataset and comprehensive approach
differentiates it from competitors. As the only SaaS Management
Platform purpose-built to address the unique needs of IT, Software
Asset Management, and Procurement teams, Zylo offers three distinct
solutions focusing on inventory, license, and renewal management.
With 30 million SaaS licenses and $34
billion in SaaS spend under management, as well as an
extensive library of over 22,000+ apps, Zylo is fueled by more data
than any other SaaS Management Platform.
Additionally, Zylo stands out as the only platform offering
professional services that include embedded SaaS Management program
support and industry-leading negotiation expertise. Backed by the
industry's most comprehensive benchmarking dataset, these services
ensure customers maximize their software value and secure the best
possible pricing and terms. Zylo also empowers customers through
its Zylo Value Framework, a proprietary methodology with key
metrics and methods to maximize value and accelerate operations.
Zylo's industry-leading thought leadership—including two podcasts,
the annual SaaS Management Index research report, and annual SaaSMe
event—provide valuable insights, benchmarks, and best practices to
help organizations stay ahead of the curve.
Gartner Disclaimer
Gartner does not endorse any vendor, product or service depicted
in its research publications, and does not advise technology users
to select only those vendors with the highest ratings or other
designation. Gartner research publications consist of the opinions
of Gartner's research organization and should not be construed as
statements of fact. Gartner disclaims all warranties, expressed or
implied, with respect to this research, including any warranties of
merchantability or fitness for a particular purpose.
GARTNER is a registered trademark and service mark of Gartner,
Inc. and/or its affiliates in the U.S. and internationally, and
MAGIC QUADRANT is a registered trademark of Gartner, Inc. and/or
its affiliates and are used herein with permission. All rights
reserved.
Gartner, Magic Quadrant for SaaS Management Platforms,
Tom Cipolla, Yolanda Harris, Jaswant
Kalay, Dan Wilson,
Ron Blair, Lina Al Dana, 22 July
2024.
About Zylo
Zylo is the enterprise leader in SaaS Management. Companies such
as AbbVie, Adobe, Atlassian, Coupa, Intuit, Salesforce, and Yahoo
leverage Zylo's AI-powered platform and unparalleled professional
services to fuel centralized SaaS inventory, license optimization,
and renewal management.
With more than 30 million SaaS licenses and $34 billion in SaaS spend under management, Zylo
is fueled by more data than any other provider. Only Zylo's
enterprise SaaS Management platform delivers comprehensive and
continuous visibility into your SaaS inventory alongside
prescriptive insights and workflows that empower you to manage and
optimize licenses and complex renewals. Alongside the platform,
Zylo offers a suite of professional services to drive cost savings
and avoidance through SaaS negotiations and manage your SaaS system
of record with best-in-class strategy and execution to drive ROI
and free up resources.
Having raised more than $72.5M to
date, Zylo is backed by leading SaaS investors, including Bessemer
Venture Partners, Menlo Ventures, Baird Capital's Venture Team,
Spring Lake Equity Partners, High Alpha, GGV, Slack Fund,
Salesforce Ventures, MassMutual Ventures and Coupa Ventures. To
learn more, visit zylo.com.
Media Contact
Christina
Wang, Zylo, 1 919-263-0962, cwang@zylo.com
View original
content:https://www.prweb.com/releases/zylo-named-a-leader-in-first-ever-gartner-magic-quadrant-for-saas-management-platforms-positioned-highest-in-execution-and-furthest-in-vision-302206519.html
SOURCE Zylo