Email this page

The "Stress" Has Just Begun: Commission on Science and Technology Helps Fund OpenDemand Systems, a Web-Performance Company

River Edge, New Jersey - July 18, 2001
OpenDemand Systems, Inc., the New Jersey based Web Performance Management Company, will get an infusion of much-needed working capital for technology development, thanks to investments to be provided by the New Jersey Commission on Science and Technology.

At its quarterly meeting held today at the Sarnoff Corporation in Princeton, the New Jersey Commission on Science and Technology approved the OpenDemand award under its "Springboard Fund Program," which is intended to support the development and commercialization of new technologies by New Jersey companies, to improve their competitiveness and help strengthen the State's economy.

"The Springboard Fund Program gives the Commission the opportunity to accelerate the commercialization of important new technologies, and move new technology-based products into the marketplace," said Dr. John Tesoriero, Executive Director of the Commission. "Our program gives New Jersey companies a chance to get ahead of the competition, and stay on the leading edge of product development." OpenDemand Systems' plans for the use of the funding include just that, states Dr. William Greenberg, the Company's CEO. "Our products, our strategy, and our people all help differentiate us from the competition, both big and small. This funding came at just the right time and will be used as the stepping stone in helping ODS accelerate the presence of our products in the marketplace and finalize future releases."

OpenDemand Systems provides web-based performance management products and services to Service Providers and the enterprise market. The Company's patent-pending load testing technology, OpenLoad, is the first intelligent, fully automated application performance testing and analysis solution that is specifically designed for two very distinct users: the novice and the advanced, allowing both types to run the tests and get results with the highest of accuracy.

With powerful features designed by the minds of people who have once been the "target market," OpenLoad was specifically created as a highly powerful, and low cost appliance, allowing simultaneous testing of up to 10,000 users on one machine with immediate, real-time results.

In addition to OpenLoad, OpenDemand also enables Clients to take advantage of their best-of-breed Web Performance Management and Quality Assurance expertise through it's professional services arm - OpenServices - allowing Companies to outsource these web performance and QA services to meet their short- and long-term business objectives. Additional products include a performance monitoring application, as well as a rules-based management application, both planned to be released next fiscal year.

About OpenDemand
OpenDemand Systems, Inc. provides turnkey, highly scalable performance management solutions that enable IT organizations to more easily and cost effectively manage Web infrastructure while giving Marketing and Business Units the piece of mind they need to understand and manage the limits of any web-based site or application within its given environment. The Company has developed OpenLoad, the first in the series of fully intelligent and automated applications, which enables fast, cost-effective and highly reliable load/stress testing solutions to be brought to both the Enterprise and Service Provider markets. For more information visit www.opendemand.com or email OpenDemand at info@opendemand.com.

About the New Jersey Commission on Science and Technology
The New Jersey Commission on Science and Technology was formed in 1985 to foster a strong technology economy within the State through the development of a vigorous technology infrastructure, identification and support for viable new technology initiatives, and support for technology business development activities. The Commission currently supports a wide range of R&D and business development activities, from advanced technology centers at our State's research universities to business assistance and loans to small technology businesses. The Commission may be reached at (609) 984-1671, via email at njcst@scitech.state.nj.us, or on the web at: www.njcst.com.

Back to "In the Press"

PRESS CONTACT: Claire Beauharnais, OpenDemand Systems - 508 Hamburg Turnpike, 105D - Wayne, NJ 07470 - Tel. 973.494.8064 - E-mail: claire@opendemand.com - Website: www.opendemand.com