OREANDA-NEWS. January 21, 2016. Cherwell Software, a leader in IT service management and IT asset management solutions, has announced record bookings for the fourth quarter of fiscal year 2015, ending December 31, 2015. Cherwell's largest sale to date and largest subscription sale to date both took place in Q4 2015.

In addition, fiscal year 2015 was a record year of bookings for Cherwell as new customers continue to select Cherwell. Cherwell is proud to welcome multiple new Global 2000 customers to the rapidly growing and highly engaged Cherwell community.

As IT teams seek a modern and fresh alternative to legacy solutions and mega ITSM vendors, market demand for Cherwell Service Management™ and Express Software Manager®, Cherwell's award-winning products, has soared. Cherwell was recognized in Gartner's latest edition of the Magic Quadrant for IT Service Support Management (ITSSM) Tools1 as the only vendor in the "Challengers" quadrant.

"In this coming year, we aim to surpass 2015's business growth while innovating our products to meet and exceed our customers' specific business needs. Cherwell continues our forward progress, and we are excited to expand with new business partnerships, while continuing to deliver extraordinary customer service to our existing customers and partners globally," said Vance Brown, CEO and Co-founder of Cherwell. "We look forward to another strong year in 2016, as we continue to evolve our ITSM platform in ways that further enables and supports our customers' businesses."