Gomez Continues Strong Momentum with Year-Over-Year Double Digit Revenue Growth for Second Quarter
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LEXINGTON, Mass., Aug. 28 /PRNewswire/ -- Internet application performance management leader Gomez, Inc., announced it had record sales in its second quarter ending June 30, fueled by greater than 50 new customers and growth in its existing customer relationships. The company achieved a year-over-year revenue increase of more than 50 percent, easily sustaining its profitable position.
Also in the second quarter, Gomez accelerated investment in its products, services and infrastructure to serve the needs of its expanding global customer base by:
o Launching major enhancements to the Gomez Performance Network (GPN);
o Opening an engineering and product development based operation in China;
o Hiring experienced executives to enhance its leadership team.
Second Quarter New Account Highlights
New Gomez customers include: One of the world's premier online dating services; the largest college-focused social networking community; a foremost European mobile phone provider; the US's third-largest department store chain; and a top 10, billion-dollar e-retailer. All chose Gomez to increase revenue, reduce costs and strengthen their brands through better management of their web application performance.
The company's momentum results in large part from customer preference for Gomez's low-risk software as a service (SaaS) business model, the most cost-effective way to improve web site monitoring and management. "The Gomez on-demand subscription model gives customers access to our award-winning web site performance monitoring products and extensive global performance testing network without the time, labor and complexity of implementing software," Gomez CEO Jaime Ellertson said. "Customers seem to prefer this approach because it's easier to ramp up, to adapt to change, and quickly achieve measurable ROI."
GPN 6.5 Reduces Mean Time to Problem Identification and Resolution, Enabling Gomez Customers to Deliver Consistent Online Customer Experience
With the June launch of the Gomez Performance Network (GPN) 6.5, Gomez now delivers new "Performance Analyzer" technology to Gomez customers that provides automated intelligent diagnostics for web applications and web site performance problems. Performance Analyzer delivers unparalleled diagnostic insight and for the first time prescribes specific, real-time actions for restoring peak performance in web-deployed environments.
Gomez China Operations Enhance Global Infrastructure and Development Capabilities
Located in Beijing, the new Gomez China operation employs engineering and product development staff, positioning the company to triple product development personnel by year end. The operation will build out direct sales and customer service staff to serve existing customers and the burgeoning Southeast Asia region at large. The economy of China, the business hub of Southeast Asia, has been growing at an average of 10 percent annually.
New Gomez Executives Bring Depth and Experience to Key Disciplines
Also in the second quarter, Gomez continued to focus on hiring experienced executives to enhance its leadership team, including Chief Financial Officer Richard Darer, formerly CFO at Unica (NASDAQ:UNCA), and Vice President of Marketing William I. Agush, a tech marketing veteran formerly with Global Knowledge Networks and PictureTel.
About Gomez
Gomez is the leading provider of web application performance management solutions. Utilized by 500 companies worldwide, including 8 of the top 10 most visited sites, 6 of the top 10 retailers, 8 of the top 15 financial services firms, and 4 of the top 10 industrial companies, Gomez products and services help companies achieve and maintain peak performance of their Internet applications. Founded in 1997, Gomez provides performance measurement, benchmarking and competitive insight through 24/7 real-time alerting, problem identification and web site monitoring from more than 12,000 locations. Gomez is Network Computing magazine's "Editor's Choice" for best Internet performance monitoring service. For more information, please visit http://www.gomez.com/.
Source: Gomez, Inc.
CONTACT: Cathy O'Leary Hayes of Gomez, Inc., +1-781-778-2775, cohayes@gomez.com; or Darby Johnson of Beaupre & Co. Public Relations, Inc.
for Gomez, Inc., +1-603-559-5809, djohnson@beaupre.com
Web site: http://www.gomez.com/
