Communication-enabled business processes company, xMatters, has announced growth for its 2015 fiscal year ending March 31. It declared more than 50 per cent year-over-year (YoY) recurring revenue growth globally, and an Asia-Pacific growth of 300 per cent YoY.
It also revealed a 44 per cent new logo annual contract value, an increase of 140 per cent as compared to the previous year and 12 consecutive quarters of record recurring revenue growth.
xMatters CEO, Troy McAlpin, attributed a large part of the company’s growth to ongoing adoption of its Cloud-based products. xMatters most recently announced a partnership with Optus Business to deliver xMatters’ on-demand Cloud-based communications solutions to Australian businesses via Optus’ PowerOn Cloud.
“In today’s always-connected world, unexpected interruptions to the business are a reality. Hundreds of the world’s companies rely on our Cloud communications solutions to minimise downtime and make the overall business more effective.
“Fiscal year 2015 has been exceptional for us as the demand for our technology continues strong across all regions and sectors,” he claimed.
In addition to new mid-market customers, xMatters also announced its addition of more than 80 large global enterprises to its portfolio, including Allied Irish Bank, ANZ Bank, Citrix, Box, Hubspot, Bombardier, Tesco, The Kellogg Company, and Verifone.
McAlpin added that going forward, the company will be working on product innovation including quarterly releases of the xMatters Cloud products, stronger collaboration, Cloud-to-enterprise integration, strengthened mobility and improved data quality capabilities.