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Jitterbit Doubles Year-Over-Year Revenue as Global Demand for Rapid Cloud Integration Ramps UpWith New Marquee Customers Including NBC Universal and Virgin Australia, Jitterbit Sees Record Quarterly Earnings (April 29, 2014)
ALAMEDA, CA -- (Marketwired) -- 04/29/14 -- Jitterbit, the leading provider of fast, agile integration solutions for the modern enterprise, experienced record growth this year in response to a surge in demand from today's hyper-connected companies. As businesses adopt new enterprise applications at an unprecedented rate, they recognize the need to take an adaptive approach to integration to fully amplify the value of their applications. Delivering the fastest cloud integration platform on the market, Jitterbit experienced more than 100 percent year-over-year revenue growth in the past quarter, and also signed industry-leading customers including Autodesk, Cox Media, NBC Universal, Mophie, OpenWave, Salesforce, Shell Italy, Triumph Motorcycles, USA TODAY and Virgin Australia, among many others.
The world has been transformed by the Cloud and the new API Economy and the proliferation of endpoints created as part of the emerging Internet of Things. The number of integration projects that companies need to take on is growing exponentially, driven by increased adoption of cloud, mobile, big data and social networks. Ovum reports that the global middleware market is estimated to reach $17.9 billion by 2018 with cloud-based integration platforms expanding at a compound annual growth rate of 31 percent. Though the majority of new applications run in the cloud, many companies still rely on on-premise solutions running behind a local firewall to handle critical business processes. The Jitterbit cloud integration platform (check out the introductory video here) enables businesses to securely move data between on-premise applications and cloud solutions to realize the full benefits -- including increased efficiency and greater automation -- promised by the rapid technological advancements of today's API economy and the Internet of Things.
"Companies can now quickly tap innovative applications to handle an increasing share of their business processes, however much of the value of this new technology is not realized until the apps are connected and working in harmony," said R "Ray" Wang, Principal Analyst, Founder and Chairman at Constellation Research, Inc.
"Organizations seek cloud-based integration platforms that empower business users to easily connect their apps and keep up with the latest technology at a fraction of the time and cost that it would take to manually build custom integrations," added Holger Mueller, Principal Analyst and Vice President at Constellation Research, Inc.
Jitterbit's unprecedented growth precedes the biggest product release in the company's ten-year history, the new Jitterbit Harmony platform, the industry's only cloud integration platform to offer all products from free to enterprise ERP integration on a single multi-tenant platform which enables enterprises to connect their apps in a matter of days, rather than weeks or months. More than 35,000 users are now taking advantage of Jitterbit's fast and easy integration platform to unlock the full potential of their applications. This includes more than 5,000 data loader users who participated in the successful rollout of Jitterbit Harmony, which has just been made available to the general public.
"Jitterbit is leading the charge to empower companies to take advantage of the Cloud and API revolution by making it easy for them integrate new apps into their existing solutions," said Jitterbit CEO George Gallegos. "Instead of having each application run in a silo, businesses can dramatically increase the power and efficiency of their technology investments by connecting solutions across the enterprise."
Along with a compelling vision, Jitterbit has built its reputation by delivering customer successes that provide real business value. For example, the internationally recognized talent assessment firm Talent Plus used Jitterbit's platform to build a new workflow management system that gave workers the ability to assign themselves new projects based on data automatically pulled in from the company's Salesforce CRM. Talent Plus was able to redeploy employees that previously managed the work of assigning projects, and was able to realize much faster delivery times due to the streamlined process. According to a report from Nucleus Research, the integration delivered a 651 percent return on investment, and an annual average benefit of $676,346.
"Because the new system was built using Salesforce and Jitterbit, we were able to deploy it in a fraction of the time compared to the previous custom-built application. There is a significant reduction in total cost of ownership for the system, since there is little to no custom code to be maintained over the life of the system," said Natalie Register, Salesforce administrator at Talent Plus. "We can better manage the needs of our clients and be more productive with our current resource level, and allowing associates to self-manage their work made them happier and more productive."
Finally, in the first quarter of 2014, Jitterbit experienced its largest international revenue growth to date in Europe, the Middle East and Asia with new customers including Shell and Virgin Australia. In March, Jitterbit opened a new EMEA HQ office in London to serve its growing customer base in the EMEA region. Jitterbit continues to add customers across the globe as more businesses realize the value of harmonizing their applications.
About Jitterbit, Inc.
Jitterbit amplifies the value of enterprise applications with a modern, flexible, and easy-to-use integration cloud platform. Designed for the technical business analyst, Jitterbit allows companies of all sizes to solve the challenges of application, data, and business process integration between on-premise and cloud systems. Jitterbit's graphical "Clicks Not Code" approach and modern cloud platform accelerate and simplify the design, deployment and management of modern integration projects. Privately held, Jitterbit is headquartered in Alameda, CA. To learn more about Jitterbit's application integration, data integration, and cloud integration solutions, visit www.jitterbit.com. To join the conversation, follow @Jitterbit on Twitter.
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