eVapt Announces Availability of Monetization Solution for Cloud Computing

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Cloud computing pioneer sees great value in eVapt's Monetization Solution.

eVapt's Solution for Cloud Infrastructure providers is now generally available. Joyent, a leader in Cloud Computing started using it earlier this month. eVapt matured its generic Monetization platform over two years before launching it in the second quarter of 2008. The Cloud Computing Solution for Infrastructure providers is a customized version of the generic platform. It automates all aspects of invoicing and billing for Cloud infrastructure providers. The solution integrates with in-house provisioning, CRM and accounting systems. Joyent can now deploy flexible price books, invoicing, and credit card billing.

"We are very pleased with the results we have seen with eVapt's service," stated Peter Watridge, CFO of Joyent, "The integration capabilities of the platform allowed us to systematically migrate from our legacy billing engines. eVapt's platform enables Joyent to provide our customers more useful invoices while consolidating our usage based billing mechanisms."

"eVapt's Monetization Platform enables customers to concentrate on accelerating revenue generation, and creating new services as opposed to routine tasks of billing," said Divakar Jandhyala, CEO, eVapt Inc. "By leveraging our customized solution cloud computing infrastructure providers gain a competitive advantage."

About Joyent:
Joyent is a Cloud Computing vendor of 'Infrastructure as a Service' (IaaS). Joyent's main product is a line of virtualized servers called Joyent Accelerators. Joyent's clients use collections of Accelerators to power large-scale web sites and web applications. Joyent makes it possible for clients to quickly move from an idea to a web application with millions of users - without the pain of large capital outlays and long-term vendor contracts. Joyent provides a more flexible and cost-effective alternative to buying and running an IT infrastructure, while still providing all the security, cost stability, and enterprise-grade performance of a dedicated private data center.

Joyent was founded in 2004 with a seed investment from co-founder and CEO David Young and Pay Pal co-founder Peter Thiel. Since then, Joyent has grown organically and has been completely funded by revenue.

Joyent's customers include LinkedIn, Major League Baseball, Gilt.com, Facebook, and over 10,000 other companies ranging from small development shops to large Fortune 500 enterprise users. Joyent powers 25% of the daily application traffic on Facebook.

About eVapt Inc.:
eVapt Inc. is a software company which enables the pay as you use model for online services. eVapt Inc. enables usage based monetization (instant SaaS metering) for Software-as-a-Service (SaaS) and Cloud Computing vendors. Using eVapt's innovative software solution, vendors can operate more efficiently and expand into new markets. The company is based out of Austin, Texas. It was formed by software industry veterans to enable enterprises, small business and individuals to buy business services on demand. For more information, visit http://www.evapt.com.

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Ranjit Nayak
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