SP Monitor is a solution for monitoring IT infrastructure events and service availability in real-time. It provides centralized event management, correlates events to assess their impact on applications and business processes, and generates availability indicators through a web interface. Key features include real-time event monitoring and flagging, data correlation and aggregation, user-defined monitoring and reactions, and push-pull data integration. It is designed to help IT teams reduce risk of system unavailability, process incidents faster, and ensure effective communication with management.