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--(Business Wire)--
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.
Outlook Marketing Services
Media Contact:
Christa Carroll
Ph: 630.922.6995
christa@outlookmarketingsrv.com
Copyright Business Wire 2008
