Global CIO Joins Corent Technology to Promote "Private SaaS" -- the Next Wave of Innovation Beyond "Private Cloud" Within Enterprise Fortune 1000 Companies

ALISO VIEJO, CA and LOS ANGELES, CA--(Marketwired - Jun 4, 2013) - Corent Technology, the first IBM Technology Provider Partner certified as "Ready for IBM SmartCloud," today announced that veteran CIO Mario Leone will be joining Corent as the Chairman of its Technology Advisory Board to advocate and promote "Private SaaS," a breakthrough approach to modernizing enterprise IT architectures using Corent's award winning SurPaaS™ software platform.

Corent's SurPaaS - Private SaaS Edition allows IT organizations to become Private SaaS providers within their own global and extended enterprises and allows IT organizations to include suppliers, distributors and channel partners in their ecosystems. The benefits include providing greater agility in responding to quickly evolving business requirements and reducing traditional fixed IT operating costs. Private SaaS is a term Corent popularized as part of a seminal thought leadership whitepaper published by IBM in 2010 that received global recognition and praise.

"SurPaaS disrupts the existing IT architecture paradigm and allows for the rapid transition into SaaS based solutions," said Leone. "I am pleased to join forces with Corent and help advance this innovative company in a new chapter of growth and success in enterprise IT. With SurPaaS, CIOs can quickly become SaaS providers within their own extended global enterprises for both homegrown and third party applications."

Corent's SurPaaS recently was awarded an extensive patent with twenty claims for transforming software to efficient multi-tenant SaaS without the high cost and time required to alter the code of the software application.

"We are excited to have a prominent and globally recognized CIO join Corent. It is another validation of value associated with the Corent platform that saves years of development time and R&D costs typically taken to achieve scalable SaaS solutions," said Corent's CEO Feyzi Fatehi.

According to Gartner, SaaS will be the key driver of cloud adoption and consumption for many years to come. Gartner has predicted that the $14.5 billion SaaS market in 2012 will expand to $22.1 billion by 2015. SurPaaS is not only uniquely positioned to further accelerate this major industry trend but to extend it to enterprises on a global basis.

SurPaaS can SaaS-enable any Java, PHP or .Net application. It provides complete self-service on-boarding capabilities and management of tenants, subscription management, SaaS lifecycle management, monitoring, metering, billing integration, business reporting, key performance metrics and dashboards necessary to proactively and efficiently manage and grow a SaaS offering. SurPaaS can deliver SaaS solutions in single or multi-tenancy models, and can support multiple tenancy models simultaneously to enable a range of subscription offerings. It also allows providers to choose the application development platform, application technology stack, and the cloud of their choice.

SurPaaS is currently in production at well recognized companies including Boeing, the National Academy of Television Arts & Sciences (Emmy Awards ®), EMAS Pro, and uPhotoMeasure.

Corent anticipates announcing several additions to its customer portfolio within the next few quarters. These customers will expand the industry breadth that Corent serves to include printing, healthcare, and IT solution service providers.

Over a career that has spanned more than three decades at Fortune 500 firms, Leone has served as EVP, CIO of Ingram Micro Inc., as a SVP, CIO at Federal Mogul and the FIAT Group. He has also held senior IT and business leadership positions at Union Carbide, Dow Chemical, and Polineri Europa. Mario currently serves as the Managing Partner of Apri Technology Partners, a technology advisory firm he recently founded. He also serves on the Science and Technology Advisory Board at Chapman University.

About Corent Technology, Inc.
Corent Technology is a leading provider of SaaS-Enablement software. Corent's software platform was named the "2012 Cloud Product of the Year" at the TechAmerica 19th Annual High-Tech Innovation Awards. Corent is managed by a team of Silicon Valley veterans from companies such as Apple, IBM, HP, Oracle, Sun and Sybase. For more information about Corent, please visit: www.corenttech.com.