BigMachines Achieves Strong Growth in Second Quarter of 2008
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Company delivers 94% year-over-year growth in recurring revenues, 18 new customer wins, and a powerful new 8.2 software release
Chicago, IL & Frankfurt, Germany- August 5, 2008 - 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.
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