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Sitecore Accelerates Global Growth and Market LeadershipConcurrent Expansion in Product Development, Geography and Revenue Mark Defining Year (October 31, 2011)
SAN FRANCISCO, CA and COPENHAGEN, DENMARK -- (Marketwire) -- 10/31/11 -- Sitecore, the company that has redefined Web Content Management, strengthened its footprint in Asia and Europe significantly during recent months, while the North American and Australian organizations continued rapid growth. Sitecore's solutions are now deployed by more than 2,500 customers and power 32,000 websites.
Sitecore has continued its historic high growth in revenue and profits. The Sitecore Group revenue was up over 50 percent in its fiscal 2010/2011, compared to the prior fiscal year. Profit (EBITDA) increased by over 30 percent as Sitecore's strong financial performance continues along with an ongoing significant investment in and strengthening of the organization. Employee headcount increased by over 40 percent.
"We are experiencing a dramatic shift from what we know today as stand-alone technology for Web content creation and management to a platform for e-commerce, marketing automation and analytics," said Michael Seifert, CEO, Sitecore. "It requires more than a CMS to manage customer communications on the new Internet and drive business success. Our customers and partners have been very enthusiastic about the accelerated pace of results our Web platform brings to sales and marketing initiatives. It's beyond anything they have worked with previously to intelligently guide customer conversations across all interactions and channels."
Sitecore extended the scope of its product solution set with the introduction of the Customer Engagement Platform. Sitecore's Customer Engagement Platform takes Web content management to a new level by adding and integrating key ingredients for digital marketing success. Furthermore, Sitecore introduced a cloud computing solution for global businesses interested in cost-effectively deploying website delivery centers in the cloud.
In addition, the company acquired the development team and the intellectual property of Pectora, and introduced Adaptive Print Studio to deliver more dynamic, personalized, customer-facing print media.
Sitecore has expanded its global reach to include several countries. A full-scale entry into the Japanese market last year has been developing strongly. A leading Japanese media outlet, MSN Sankei Photo adopted the company's cloud solution to power its photo publishing and sharing site.
In Germany, business is gaining momentum on the back of the strong recovery of the economy of this vital country. Furthermore, Sitecore has added a presence in China, Poland and Singapore. Additional offices were opened in Canada and the United States, providing training, sales support and partner and account teams. Sitecore professionals are now on the ground in 50 countries, working with more than 700 certified partners and 4,500 certified developers worldwide.
Increasingly, Sitecore's products are retained by some of the world's strongest brands. During the fiscal year 2010/2011 leading brands chose Sitecore's solutions including, Carnival Cruise Lines, Colliers International, Comcast, Heineken, Nestlé, Royal Dutch Gazelle, Royal Navy, TOP-TOY, Visa Europe and Verizon.
Over the last several months, Sitecore has received industry accolades from leading media and industry analyst organizations including the following: Strong Performer in the "The Forrester Wave: Web Content Management For Online Customer Experience, Q3 2011," Info-Tech Research Group Web Content Management Champion, Best IT Company in Denmark by Computerworld and Red Herring Europe Top 100 winner.
Sitecore redefines how organizations engage with audiences, powering compelling experiences that sense and adapt to visitors both online and in-person.
Sitecore's leading Content Management System software is the first to cohesively integrate with marketing automation, intranet portal, e-commerce, web optimization, social media and campaign management technologies. This broad choice of capabilities enable marketing professionals, business stakeholders and information technology teams to rapidly implement, measure and manage a successful website and digital business strategy. Businesses can now easily identify, serve and convert new customers with Sitecore's Digital Marketing System, part of its encompassing Customer Engagement Platform.
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