Paraleap Technologies created a unique Elasticity-as-a-Service offering designed to help applications running in Azure capitalize on the pay-for-use model of Microsoft's cloud technology.

Arlington Heights, IL January 26, 2011 -- Paraleap Technologies, a Chicago-based software company specializing in cloud-computing solutions, is proud to announce the long anticipated release of its flagship product AzureWatch, designed to provide dynamic scaling to applications running on Microsoft Windows Azure cloud platform.

After nearly a year of development and testing, AzureWatch is released with a purpose to deliver on true value of cloud computing: provide on-demand elasticity and just-in-time provisioning of compute resources for applications running in the cloud. By automatically scaling Azure compute nodes up or down to match real-time demand, AzureWatch gives customers confidence that their applications will automatically handle spikes and valleys in usage.

"Elasticity of compute resources is one of the primary driving forces behind the cloud computing revolution," says Igor Papirov, Founder and CEO of Paraleap Technologies. "Not only can our customers take advantage of this awesome benefit of the cloud by using our technology, but they can do so in under 10 minutes and without writing a single line of code."

Built with focus on simplicity and ease of use, AzureWatch can be setup in just minutes. While architected with a powerful and scalable engine to enable elasticity, AzureWatch also provides monitoring, alerts and comprehensive reporting services. Offered as a hybrid software-as-a-service, AzureWatch is available at http://www.paraleap.com and comes with a simple and affordable pricing model that can be used free with a 14-day trial period.

About Company
Founded in 2010, Paraleap Technologies is a Microsoft Bizspark startup specializing in software services for enabling cloud computing technologies. AzureWatch is Paraleap’s flagship product, designed to add dynamic scalability and monitoring to applications running on Microsoft Windows Azure cloud platform.

Contact Information
Igor Papirov, Founder & CEO
Paraleap Technologies
312-554-5327
igor@paraleap.com
http://www.paralep.com