Alfresco Software, the leader in open source ECM recently announced the closing of its 2009 fiscal year ending February 28th with 61 percent year-over-year revenue growth. Driven by record growth in new subscription customers and expansion of its partner network, Alfresco also recorded its best ever quarter in company history in Q4 2009 with significant growth in orders received from Q408 to Q409.
In the fourth quarter, both the Americas and EMEA territories posted record numbers, adding more than 120 new customers and nearly doubling business in the Asia Pacific region compared to a year ago. Alfresco also secured its largest single subscription deal in its history and continued to secure strong renewal rates, demonstrating the enduring value of the Alfresco subscription service.
"Because we continued to invest and grow throughout the worst stages of the recession, we have established a strong base from which to launch an ambitious plan for the financial year ahead. Entering into 2010, our leading indicators of downloads, inbound inquires, Web ranking and cloud-based ECM software trials all point to continued momentum, growth and leadership in open source content services and ECM," said John Powell, CEO of Alfresco Software. "Open source proved itself in the recession as customers turned to more cost-effective software solutions. Now as the economy is picking up, these proven projects are expanding into large-scale rollouts."
Alfresco's key 2009 highlights include:
CMIS/Open Source Leadership
Records Management/Government Momentum
Cloud Computing Innovation
"As the global economy began to rebound in 2009, our strategy and approach to the market throughout this fiscal year enabled us to continue our record growth, while also laying the foundation for a strong year ahead," said John Newton, Alfresco Software CTO. "By continuing to invest in our core platform, provide strong services and support and enhance the customer experience through CMIS, records management, Web content management and cloud computing capabilities, Alfresco is poised for success in 2010."
About Alfresco Software, Inc.
Alfresco Software, Inc. is the leader in the open source enterprise content management market. The company couples the innovation of open source with the stability of a true enterprise-class platform at a tenth of the cost. The Alfresco content platform uses a flexible architecture to provide document management, web content management and collaboration software to over 550 enterprise customers worldwide. Founded in 2005 by a team of content management veterans that includes the co-founder of Documentum, John Newton, and former COO of Business Objects, John Powell, Alfresco is based in London. For more information, visit: www.alfresco.com.
SOURCE: Alfresco Software