BigMachines Achieves Strong Growth in Second Quarter of 2008
2008-08-05 07:00:00
BigMachines Achieves Strong Growth in Second Quarter of 2008
Company delivers 94% year-over-year growth in recurring revenues, 18
new customer wins, and a powerful new 8.2 software release
CHICAGO & FRANKFURT, Germany–(EMWNews)–BigMachines, Inc., the global leader in on-demand sales configuration
and proposal software, announced today that it achieved strong growth
during the second quarter of 2008.
This year, BigMachines has already won 18 new customers across a number
of industries including high technology, software, industrial equipment
and telecommunications. In Q2 the company achieved a record number of
new contract bookings, which were up 84% year-over-year, as well as a
94% increase in recurring revenues compared to the same quarter in 2007.
In addition, BigMachines achieved several significant milestones during
Q2 including Release 8.2 of its flagship BigMachines software product,
launch of its industry-leading customer support program including its My
BigIdea online innovation community, and successful completion of the
Statement on Auditing Standards No. 70 (SAS 70) Type II audit, which
assesses the operational effectiveness of internal controls within
service organizations.
“We are all very proud of the growth and
success we have achieved this quarter,” said
Godard Abel, CEO of BigMachines. “Our
organization has grown to over 100 global team members and we continue
to dedicate ourselves to providing solutions that help our customers
succeed by empowering their sales teams and channels to sell more and
sell faster.”
BigMachines will present the newest features of its BigMachines
on-demand software 9.0 release at the upcoming BigIdeas 2008, the company’s
annual customer and industry forum that will be held October 5-7, 2008
in Chicago, Illinois. Industry experts, BigMachines customers, and
business partners gather at BigIdeas to discuss innovative business
strategies and best practices in guided selling and product
configuration to increase revenues, improve sales efficiency, and reduce
costs. The event will feature a keynote presentation on innovation from
Tom Kelley, the General Manager of IDEO, who has advised leading
companies such as Apple in delivering innovative technology solutions.
More information is available at www.bigmachines.com/bigideas.
About BigMachines, Inc. and BigMachines AG
BigMachines is the global leader in on-demand sales configuration,
quoting and proposal software. 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, and SAP. BigMachines’
rapidly growing customer base includes global leaders such as Kodak GCG,
Siemens, Ingersoll Rand, and NTT Communications, as well as innovative
growth companies such as ShoreTel and Voltaire Ltd. For more
information, visit www.bigmachines.com.
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