BigMachines Announces Best Quarter in Company History
BigMachines Announces Best Quarter in Company History
Cloud-based configuration, quoting and proposal software leader grows revenue, customer base, bookings and staff
Chicago, IL and Frankfurt, Germany - August 3, 2009 - BigMachines, Inc., the leading provider of on-demand configuration and proposal software, announced today that it surpassed company records for contract bookings, user adoption, transaction volume and overall growth in Q2 2009. This record-breaking quarter follows a strong Q1, which also set new company growth records. In the second quarter, BigMachines achieved record new bookings with 54% growth in recurring revenues year-over-year.
BigMachines has added 30 new customers this year and grown the customer base for its software-as-a-service solution to more than 70,000 users at over 170 customers in an expanding breadth of vertical markets including telecommunications, software, high technology, healthcare, manufacturing, media services and financial products and services. In addition, to support the growth and accelerate innovation, BigMachines continued its aggressive hiring of new talent, adding ten percent to its global team, and achieved positive cash flow for both the quarter and year to date.
BigMachines introduced BigMachines 9.2, an enhanced version of its web-based selling platform and also opened a new office in London, England. The company launched a new integration of its products with Microsoft Dynamics CRM at the Microsoft Worldwide Partner Conference, and announced its first customer to utilize the Microsoft integration, CCS.
"BigMachines helps us deliver our results month to month, quarter on quarter," said Mike Johns, Head of Sales for Bottomline Technologies Europe. Bottomline Technologies, a global provider of financial services software, uses BigMachines software in offices throughout Europe and the US. Andrew Scarborough, Head of Information Systems for Bottomline Technologies Europe added, "To think that we can join up processes that transverse two systems hosted on opposite sides of the Atlantic and then deploy complex functionality to users across all of Europe amazes me."
Customer satisfaction was a continued focus throughout Q2 and the company engaged with its customers with the launch of its first BigIdeas Europe conference in Germany, and at new regional Customer Success Forums in San Francisco, Denver and Boston.
"We are especially proud to achieve such ongoing success during these challenging times," said Godard Abel, CEO and co-founder of BigMachines. "Our dedication to our customers' success has enabled us to continually reinvest in our business, growing and expanding our sales, support and development teams so that we can provide industry-leading products and service to our customers."
BigMachines further demonstrates its customer focus at BigIdeas 2009, the company's annual customer and industry forum that will be held October 4-6, 2009 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. 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, helping companies sell more and sell faster in the cloud. 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 ShoreTel and Voltaire Ltd. For more information, visit www.bigmachines.de/english.php.
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