BigMachines Achieves Record Growth in First Half of 2010
Company Extends Market Leadership in the SaaS Sales Configuration Market by Dramatically Growing its Revenue, Customers, Infrastructure, and Team
Chicago, IL, August 5, 2010 -- BigMachines, Inc., the leader in sales configurator, quoting, B2B ecommerce and proposal software as a service (SaaS), announced today the company grew and expanded throughout the first half of 2010 with over 30 new customer wins and 45 new full-time hires globally (over 35 in the US), as well as the expansion of its corporate headquarters and the opening of two new office locations.
By providing its on-demand service to businesses worldwide, BigMachines helps companies sell more and sell faster and enables customers to increase sales productivity and accuracy. BigMachines' recognized GAAP revenue increased by 99% for the first half of 2010 compared to the same period in 2009 and committed monthly recurring revenue (CMRR) grew by 84%. The company was profitable and generated positive cash flow.
BigMachines added new customers in the following industries during Q1 and Q2 2010 to grow its customer base to more than 215 customer accounts:
- Software
- High Technology
- Manufacturing
- Healthcare & Medical Products
- Telecommunications
- Financial Services
- Energy Services
- Food Services
- Education
BigMachines expanded its corporate headquarters in the Chicago, Illinois area, more than doubling the size of its offices there and adding new customer training and executive briefing centers. The company accelerated its global expansion by opening a new office in Singapore to serve as its base of operations for Asia Pacific and opening an office in Tokyo to serve the Japanese market.
During the first half of 2010, BigMachines gained further recognition as an industry leader by winning a 2010 CODiE Award in the category of "Best Business Productivity Solution" and was chosen by AlwaysOn as one of the OnDemand Top 100 winners. The CODiE award, presented by the Software & Information Industry Association (SIIA), celebrates outstanding achievement and vision in the software, digital information and education technology industries, and inclusion in the OnDemand 100 signifies leadership amongst its peers and game-changing approaches and technologies that are likely to disrupt existing markets and entrenched players.
The company released two new versions of its flagship software product BigMachines 10 and 10.1 to deliver a new eCommerce Engine which enables companies to sell directly to business customers through a customer portal or a public website using the same system that they use for internal quoting and proposal development. BigMachines10 and 10.1 also feature a powerful new drag-and-drop workflow, new attribute types for the Configuration Engine, and many enhancements to BigMachines Unplugged and the BigMachines Admin Platform to improve customer productivity. These new innovations were driven by the BigMachines Community via the MyBigIdea Social Innovation Platform.
"BigMachines continues to innovate and provide more value to our customers, helping them sell more and sell faster," said Godard Abel, CEO and co-founder of BigMachines. "Our rapid growth in revenue and resources enables us to invest more to accelerate our innovation and provide unmatched support and service resources to our customers across the globe."
BigMachines will unveil its latest innovations and will showcase its newest product, BigMachines11, at BigIdeas 2010 at the Swissotel Chicago, October 24-26, 2010. At BigIdeas customers and partners will collaborate and provide input on the next generation of BigMachines software. BigIdeas has become one of the largest SaaS innovation conferences where attendees discover best practices for deploying SaaS solutions to streamline their sales processes and enable B2B eCommerce. Information is available at www.bigmachines.com/bigideas.
About BigMachines
BigMachines is the global leader in on-demand configurator, B2B eCommerce, pricing and quoting and proposal generator software, helping companies sell more and sell faster. BigMachines 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 and Voltaire. For more information, visit www.bigmachines.com.
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