ORLANDO, February 21, 2018 /PRNewswire/ --

Loom Systems, the leading end-to-end AI-powered log analysis solution, today announced that it won 'Innovation of the Year' at the 22nd Annual International Pink Elephant Conference and Exhibition, the world's leading ITSM event, which brings together the top companies, innovations and practitioners in IT.

The Innovation of the Year Award acknowledges an IT product that has been successful in addressing a particular business problem or opportunity. Loom Systems, with its advanced AIOps log analysis solution, enables IT departments to predict and prevent IT issues before they affect customer experience. Loom's solution is able to provide alerts, as well as system insights and recommendations to adapt to any company's IT environment.

"It is an honor to receive this recognition. Being awarded Innovation of the Year by Pink Elephant is definitely a highlight for our team and an acknowledgement of the efforts we've made in the last six months to advance automatic prediction of incidents, answering a critical need in IT," said Gabby Menachem, CEO of Loom Systems. "Loom is spearheading the development of an AI solution that can significantly improve IT service delivery. Make no mistake about it, we are in the beginning of an era where AIOps and ITSM will increasingly overlap and converge."

About Loom Systems 

Loom Systems is the leading AI-based log analysis company, ensuring an instantly smooth, uninterrupted customer experience using an AIOPs solution to predict and prevent IT issues. Loom's coherent solution enhances operational excellence, enabling any organization to succeed in the digital era. Loom Systems has been named a Gartner "Cool Vendor for 2017" in Performance Analysis and has recently raised funding  from JVP, Meron Capital and 31Ventures Global Innovation Fund. For more information, visit Loom Systems at: https://www.loomsystems.com and follow us on Twitter @Loom_systems and LinkedIn.

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SOURCE Loom Systems