[April 30, 2015] |
|
Socrata Continues to Catapult Data-Driven Government Forward With Robust Q1 2015 Results
Socrata (www.socrata.com)
- the global leader in software solutions that are designed exclusively
for digital government, delivering unprecedented data-driven innovation
and cost savings for hundreds of public sector leaders and millions of
their constituents around the world - today announced robust results for
the first quarter of 2015.
Socrata's leading-edge platform, which capitalizes on the company's
latest technology advances, puts people front and center, making sure
that the information they need is readily available and totally
approachable.
And this technology vision helped Socrata generate measurable success on
virtually every level during the past quarter - including a rapidly
expanding customer list and growing employee base as well as surging
platform adoption, data consumption and developer engagement.
In the process, Socrata is catapulting 21st century
data-driven government forward as the public sector on just about every
continent makes the transition from costly old legacy technology to
affordable new constituent-friendly digital solutions.
"We've achieved leadership success because we're re-thinking open data,
re-thinking data technology and re-thinking the user experience," says
Kevin Merritt, Socrata's Founder and CEO. "Governments all over the
world are asking us to provide them with a new experience that
automatically brings their datasets to life in an understandable,
digestible and accessible way."
Adds Robert Runge, a member of Socrata's Board of Directors: "Our strong
numbers reflect the fact that we're offering customers cutting-edge,
government-specific solutions architected from the bottom up around the
unique properties and requirements of government data, government
workflow, government ecosystem and government constituents. Socrata is
delivering government-optimized, SaaS (News - Alert)-based design breakthroughs for 21st
century data-driven digital government."
Customer Growth
-
Demand for Socrata's products continued to surge in Q1 2015 and
generated 104% year-over-year growth in its customer base, which
includes hundreds of the most innovative and data-driven digital
government leaders and public sector organizations.
-
Socrata continues to gain both large and small customers. Some of the
Q1 2015 additions to the company's customer list included the Cities
of Reno (NV); Norfolk (VA); Alexandria (VA); Fullerton (CA (News - Alert)); Detroit
(MI); Cedar Hill (TX); City of Corinth (TX); Dubuque (IA); the
California State Treasurer's Office; State of Rhode Island; Douglas
County (CO); Indian Ocean Commission; Oxfam America's Aid
Effectiveness Team; and Darlington County (SC).
-
These new customers join established Socrata customers like the cities
of New York, Chicago, San Francisco, Los Angeles, Melbourne and
Eindhoven; the states of New York, Illinois and Texas; US Health and
Human Services; Centers for Medicare & Medicaid Services; the UN, the
European Commission and the World Bank.
-
Socrata launched 46 new data-driven projects in Q1 2015 for our
customers.
-
Open data portal launches included the State of Utah; Miami-Dade
County (FL); Cities of Detroit (MI); Danville (VA); Urbana (IL);
Reading (PA); Olathe (KS); Santa Rosa (CA); and Granollers (Spain).
-
Open Performance launches included the State of Michigan; Seattle's
Department of Transportation (WA); Danville (VA); and the Australian
Capital Territory's public transportation network (ACTION).
-
Redesigned open data portal launches included the City of Los Angeles
and State of Oregon.
-
Launches of Socrata's breakthrough suite of Financial Transparency
Apps included Montgomery Country (MD); the State of Rhode Island; the
Stutsman County (ND); Cities of Boston (MA); Virginia Beach (VA);
Burlington (Canada); Glendale (CA); Culver City (CA); Kansas City
(KS); Davenport (IA); Redmond (WA); and Hartford (CT).
Financial Transparency App Growth
-
Socrata's integrated and user friendly suite of Financial Transparency
applications, which help governments of all sizes publish budget and
spending data quickly, economically and in a consumer-friendly way,
remained one of the fastest-selling
government technology products in history during Q1 2015.
-
In Q1 2015, Socrata grew its customer base for this solution by 52%
quarter-over-quarter.
-
In the less than one year since its release, 85 customers have adopted
the company's groundbreaking suite of Financial Transparency apps.
Platform Adoption / Data Consumption /
Developer Engagement
-
Socrata's developer community continues to embrace API integrations,
with external API calls to the Socrata platform increasing 96% in Q1
2015 compared to Q4 2014.
-
In terms of year-over-year growth, tokenized API Calls increased 393%
in Q1 2015; there were nearly five times as many calls in Q1 2015 as
in Q1 2014.
-
With help from a major feature on the HBO late-night, weekly news
show, Last
Week Tonight with John Oliver, the Centers for Medicare &
Medicaid Services (CMS) healthcare
transparency site, powered by Socrata, received nearly 5.5 million
views in February 2015.
-
Well-established Socrata customers continue to experience growing
end-user consumption, with sites launched before October 2014
seeing 14% quarter-over-quarter growth in page views during Q1 2015
(even after excluding the John Oliver-driven viewer surge for openpaymentsdata.cms.gov).
-
Accessible data - measured by the total datasets available through
Socrata sites - increased by 15% quarter-over-quarter.
Company Growth
-
Socrata continues to add employees across all areas of it business in
order to accelerate product innovation and help support its rapidly
expanding customer base. With a hiring
smart and at scale approach, the total number of employees at the
company - 170 at the beginning of April - has increased nearly 100%
year-over-year.
Launch of the Socrata Foundation
-
Socrata launched the Socrata Foundation in Q1 2015 to support unique,
cutting-edge and deserving organizations that lack the financial means
to fulfill their data-driven mission.
-
The Socrata Foundation's first investment will be in the City of
Detroit's open
data portal, which will make volumes of non-personal
government information broadly available and usable by people and
machines without any constraints.
-
The Socrata Foundation will also support Big
Mountain Data (BMD), which develops data science solutions to help
in the fight against family abuse and violence.
-
Looking forward, the Socrata Foundation hopes to help organizations
like Heat
Seek NYC, which is leading a civic hacking project that's tapping
the Internet of Things in order to tackle New York City's heating
crisis. Click
here to see a feature on Heat Seek NYC on OpenData.TV.
Addition of Yelp (News - Alert) to Socrata's Network of
Partnerships
-
During Q1 2015, Socrata and Yelp - the leading local guide for real
word-of-mouth on everything from boutiques and mechanics to
restaurants and dentists - formed an open data partnership to
distribute restaurant inspection information that will improve public
health conditions around the world.
-
Yelp joins SunGard Public Sector, Zillow, the National League of
Cities and the European Commission (EU), among others, in Socrata's
vibrant and expanding network of partnerships.
Addition of New Members to Socrata's Advisory
Board
-
Socrata Announced two significant additions to its Advisory Board in
Q1 2015 - David Eaves, an internationally recognized open innovation
expert, and Harvard Professor Stephen Goldsmith, who formerly served
as Mayor of Indianapolis and Deputy Mayor of New York City for
Operations.
Launch of OpenData.TV
-
In late February, Socrata launched
Open Data TV (OpenData.TV),
an innovative video network showcasing the valuable work and
remarkable people driving the global revolution in data-driven
government, which is already taking hold in cities, townships,
counties, provinces, states and countries around the world.
-
Since its launch, Open
Data TV has received thousands of views, with nearly 20 thought
leadership feature videos posted.
"We believe that the future is exceedingly bright for our company," says
Socrata's Merritt, "because we're helping digital
government leadership around the world use one of the most valuable
and new natural resources - open data - to drive outcomes and connect
more effectively with constituents. Ultimately, fact-based and
data-driven government will become the fundamental basis for all
critical and strategic decisions made in the public sector everywhere."
ABOUT SOCRATA
Socrata is the global leader in software solutions that are designed
exclusively for digital government, delivering unprecedented data-driven
innovation and cost savings for hundreds of public sector leaders and
millions of their constituents around the world.
The company's customers include the cities of New York, Chicago, San
Francisco, Los Angeles, Melbourne and Eindhoven; the states of New York,
Illinois and Texas; US Health and Human Services; Centers for Medicare &
Medicaid Services; the UN, the European Commission, and the World Bank.
Built on an affordable, cloud-based, Software as a Service (SaaS)
platform, the integrated Socrata Digital Government Cloud is
complemented by the Socrata Open Data Network and professionally
supported by the Socrata Partner Ecosystem.
Socrata equips governments and NGOs of every size so they can rapidly
transform outdated and expensive data access models, Web sites and
legacy applications into intuitive, visually rich, intelligent
consumer-grade apps and user experiences that can now be enriched and
sustained by real-time government data, perhaps the most economically
powerful public asset in history.
Socrata's digital government solutions are being deployed for a wide
array of strategic and mission-critical government services: enhancing
quality of life through constituent empowerment; increasing operational
efficiency through fact-based, data-driven decision support; stimulating
economic impact and opportunity by transforming open government data
into the world's most valuable, self-replenishing natural resource; and
promoting unique intra and intergovernmental cooperation and
collaboration by breaking down silos and dramatically reducing access
barriers.
Government in the 21st century must become digital by default
to remain relevant and keep up with the needs of modern, digital
society, whose expectations have been altered by the Internet, cloud
computing, social media, mobility and an explosion of data.
To learn more about Socrata, visit www.socrata.com.
[ Back To TMCnet.com's Homepage ]
|