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, Inc. and BigMachines AG
BigMachines
is the global leader in on-demand sales configurator, quoting and
proposal software, helping companies sell more and sell faster.
BigMachines solutions empower sales across customers’ channels by
streamlining their sales processes from inquiry 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.com.
BigMachines, Inc.
Will Wiegler, 224-515-3261
Senior
Director of Marketing
wwiegler@bigmachines.com
www.bigmachines.com
or
PAN
Communications
Emily Trevallion, 978-474-1900
bigmachines@pancomm.com