Indianapolis-based venture studio High Alpha has launched a second startup in a month and third since its founding a year ago. Zylo is a software provider specializing in technology that it says serves as an "online command center" for cloud-based software used by its clients.
The company is currently small, only five employees including its founder, industry veteran Eric Christopher, but plans to have a headcount into the double digits within a year. Zylo is currently looking to add four. It says the software, which is currently in beta with Appirio and Interactive Intelligence in Indianapolis and New York-based Return Path, helps companies keep track of the myriad of cloud-based programs accumulated through the work flow. Zylo says it provides insights and analytics on situations including idle or underused applications. It also tracks purchase and licensing information. The software is expected to be widely available in the fall.
Christopher says "the rise of the subscription economy has literally revolutionized the way software is purchased and deployed, but its proliferation has also introduced a new breed of challenges for the enterprise. Zylo brings an entirely new approach to managing subscription software that creates enormous value for companies, their employees and the software providers serving them." He previously worked for companies in the industry such as ExactTarget, Shoutlet and Sprout Social.
Zylo says businesses spend more than $100 billion on subscription-based software.
High Alpha Managing Partner Scott Dorsey says "we are thrilled to bring Zylo to market with Eric and his all-star leadership team, Ben Pippenger, Cory Wheeler and Ryan Carroll. Zylo and High Alpha’s SaaS expertise coupled with the big vision for the product positions Zylo to change the future of how SaaS applications are purchased and utilized."
You can connect to more about Zylo by clicking here.