BigMachines Achieves Record Growth in 2009
Company Extends Global Leadership in the SaaS Sales Configuration and Proposal Market by Posting Tremendous Revenue Growth and Accelerating Innovation
Chicago, IL and Frankfurt, Germany - January 26, 2010 - BigMachines Inc., the leader in sales configurator, quoting and proposal software as a service (SaaS), announced today the company achieved a record year in 2009 with over 50 new customer wins, 89% year over year growth in committed monthly recurring revenue (CMRR), and over $37 million in contract bookings. Furthermore BigMachines generated substantially positive cash flow for the year and achieved GAAP profitability in the fourth quarter.
In a year where many companies were looking for ways to improve sales productivity online, BigMachines helped its customers sell more and sell faster by licensing its software-as-a service solution to more than 100,000 users, which is a 100% increase compared to the start of 2009. BigMachines' customer base continues to expand and now includes 185 companies in a broad variety of industries including high tech, software, medical instrumentation, manufacturing, telecom, media, business services, and financial services.
BigMachines hired over 60 talented professionals and grew its staff to 170 team members globally to expand its product development, service and support, sales and marketing teams in order to accelerate product innovation and provide a premium level of service to its growing customer base. The company also grew its international presence in 2009, by expanding its staff in Frankfurt, opening a new UK office near London, and launching in Asia at SaaS World in Tokyo.
BigMachines gained further recognition from industry analysts, the media, and its partners in 2009, receiving a positive rating in Gartner's Sales Configuration MarketScope Report and being named a Cool Technology by AMR Research. For the second year in a row, BigMachines was named by Inc. magazine in its 2009 list of the 5000 fastest-growing private companies in America, coming in at number 1,324. In addition, for the second consecutive year, BigMachines was named "Best Quoting App" on salesforce.com's AppExchange based on user-contributed reviews.
"We are delighted that our growing BigMachines community of customers, partners and analysts has continued to embrace our market-leading software that helps businesses sell more and sell faster," said Godard Abel, CEO and co-founder of BigMachines. "Our entire team is proud of the momentum we have achieved. Thanks to our record growth, we are in a position to accelerate our investments in our product innovation, our talented staff, our services, and our supporting infrastructure. This will ensure that we provide the most powerful, innovative web solutions to invigorate sales processes for our customers."
BigMachines' rapid innovation is fueled in part by its customers, who contribute suggestions to the company via the online social collaboration website, My BigIdea, available to customers in the BigMachines Support Center online. Customers and partners also provide direct feedback to BigMachines' product innovation roadmap at the company's annual conference, BigIdeas, which will be held at the Swissotel Chicago, October 24-26, 2010.
About BigMachines and BigMachines AG
BigMachines is the global leader in enabling B2B sales, helping companies sell more and sell faster. BigMachines' award-winning on-demand configurator, pricing and quoting, proposal generator, and B2B eCommerce software solutions empower sales across customers' channels by streamlining their sales processes from opportunity to order. Using BigMachines software, sales teams and channels can quickly configure products, generate quotes and proposals, manage complex pricing, generate legal contracts, and manage orders. BigMachines offers extensive reporting capabilities and easily integrates to leading CRM and ERP systems, including those from salesforce.com, Oracle, Microsoft and SAP. BigMachines' rapidly growing customer base includes global leaders such as Kodak's GCG, Siemens, Ingersoll Rand, and NTT Communications, as well as innovative growth companies such as Acme Packet. For more information, visit www.bigmachines.com.
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