Scribe Software Continues Rapid Growth Trajectory
(Marketwire Via Acquire Media NewsEdge) MANCHESTER, NH -- (Marketwired) -- 07/24/14 --
Data integration company Scribe Software today announced another strong quarter -- marking 19 consecutive quarters of year-over-year (YOY) revenue growth and the second-highest bookings quarter in company history for its cloud platform, Scribe Online. Closing out the first half of 2014 with 210 percent YOY Scribe Online growth thanks to strategic mid-market expansion, Scribe continues to disrupt the data integration market.
"Data silos are not an option in today's competitive business environment, but the complexities of the cloud have made the integrated cloud tough for companies to achieve -- especially those with limited budget/resources," noted Holger Mueller, VP & Principal Analyst, Constellation Research. "As the integration as a service market continues to heat up, I expect adoption to quickly spread as the mid-market is hungry for advanced, channel-friendly integration options."
The company's growth was driven by both its on-premise and cloud offerings. Scribe saw a 28 percent YOY increase in bookings for its on-premise solution, Insight -- totaling 13,000 licensed seats for Q2. The company also increased Scribe Online bookings by 133 percent YOY in Q2 based on its concerted effort to push deeper into the mid-market.
The Scribe Platform serves as the embedded integration layer for major independent software vendors (ISVs), systems integrators (SIs) and value added resellers (VARs). It offers comprehensive connections to most leading business applications -- including new Q2 connectors like Eloqua, Melissa Data, OData and SharePoint. The ease of integration has made Scribe a powerful channel player.
Strategic partners like Armanino and Cegedim are using Scribe Online as the foundation of customized cloud solutions for key markets like technology, professional and financial services, and life sciences to solve data integration challenges and create business value. In fact, more than 110 of its 1,200 global partners are now delivering pre-packaged, repeatable cloud integration solutions -- a 56 percent surge over Q2 2013.
"Scribe Online has been a true enabler for our business shift to the cloud," said Dave Burlington, Partner at Armanino. "Our Integration Business is growing rapidly thanks to the flexibility of the platform as we shift our focus to providing packaged cloud solutions and services to meet customer demand."
Validating the company's continued industry leadership and honoring its skyrocketing market traction, Scribe won a prestigious Red Herring Top 100 North America award and was named a Globee Fastest Growing Private Companies award winner in the sales revenue growth category.
"Scribe is uniquely positioned to provide mid-market partners with the integration platform they need to take advantage of growing cloud adoption and create business value for their customers," said Lou Guercia, CEO, Scribe Software. "No one understands mid-market partners, go-to-market and enablement like we do."
Aiming to build on its award-winning growth, Scribe plans to further empower ISVs, implementation partners and IT developers to easily embed and distribute integration services tailored for their business with major enhancements slated for its Fall Integration Platform as a Service (iPaaS) release.
About Scribe SoftwareScribe is an established global provider of data integration software that easily brings data anywhere it is needed -- regardless of IT infrastructure. Scribe's award-winning products help 12,000 customers and 1,200 partners use customer data -- cloud-based, on-premise or a mix -- to increase revenue, provide superior service, and create business value faster. Its easy-to-use, enterprise-ready solutions are backed by extensive support options and training, and service customers across a wide array of industries including financial services, life sciences, manufacturing, and media and entertainment companies.
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Source: Scribe Software
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