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xMatters Welcomes 1000th Client and Announces Year-on-Year Growth of 45%(November 01, 2011)
SAN RAMON, CA -- (Marketwire) -- 11/01/11 -- xMatters, inc., the relevance engine company, today announced that in the second quarter of its 2012 fiscal year, the company grew total bookings by 45% over the same period a year ago. Fueling the growth, xMatters on demand products delivered 318% growth over the same period, last year.
A major milestone during the quarter was adding the 1,000th client. xMatters financial results for the quarter represent new quarterly records for growth percentage and highest billings and revenue numbers.
- Cloud products lead the way: The company's on demand services for IT relevance engines delivered as a platform coupled with on demand relevance engines for business continuity were the two fastest growing segments delivering year on year growth of nearly 318%.
- Risk management and business continuity fastest growing engines: For the first six months ending September 30, 2011 our three relevance engines designed for business continuity, emergency notification and rapid customer notification were the fastest growing relevance engines (or applications) growing year on year by 812%. Clients continue to migrate away from legacy mass notification companies built for "spray and pray" notification to relevance engines on demand, which provide targeted, rich communication in times of disaster.
- IT relevance engines deliver results at high speed: The largest revenue-producing market verticals for the six months ending September 30, 2011 were the on premise relevance engine platforms and engines tuned for IT Management. Clients continue to invest in IT engines to deliver higher personnel performance, reduced costs models, improved time to respond to issues and a lowered risk management profile for IT created incidents. These market drivers coupled with continued alliance partner success with BMC Software, CA Technologies, HP Services and IBM Global Services continues to perform ahead of plan for xMatters.
"This quarter marks a very exciting time for xMatters. We've welcomed over 25 new clients including the Bank of Shanghai, Comviva India, Fujitsu, Grupo Modelo, GoDaddy.com and UNC Chapel Hill," said Troy McAlpin, CEO, xMatters. "I am really happy with the successful onboarding of new clients for our on demand IT engines and business continuity engines. Additionally we had 12 clients procure additional products during the quarter as they continue to add new relevance engines to their platforms. This growth puts us on plan for meeting our annual goal which really starts and stops with happy clients."
The company continues to see increasing demand for its relevance engines in the areas of IT operations, IT service management, business continuity, risk management, crisis communications and most recently into customer contact and loyalty areas. xMatters relevance engines deliver information, notifications, and choices to the right people and give them the ability to take immediate action. Serving more than 1,000 clients worldwide, xMatters relevance engine technology enables businesses to function more quickly, accurately, and intelligently.
xMatters builds relevance engines that connect people with what they need to know at exactly the right moment - so they can take immediate action. Our relevance engines work with existing enterprise applications, technologies, and processes to help businesses run faster and smarter. More than 1000 global firms use xMatters to make their products and services more valuable, both internally and to their customers and shareholders. Founded in 2000 as AlarmPoint Systems, xMatters is headquartered in San Ramon, CA with European operations based in Woking, U.K.. More information is available at www.xMatters.com or 1-877-xMATTRS or +44 (0) 1483 722 001 UK. Follow us - http://twitter.com/#!/xMatters_inc, https://www.facebook.com/xMatters
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