Mendix Announces 109 Percent Revenue Increase for First Half of 2013
Enterprise Application Platform as a Service Leader Seeing Strong Growth Across Key Vertical Markets and Partner Network
BOSTON – July 9, 2013 – Mendix, the app platform company for the enterprise, today announced that annually recurring software license revenues for the first half of 2013 grew by 109 percent over the year-before period. The company’s average annual growth rate has exceeded 100 percent since 2009 and projections call for more strong results in 2013.
Each of Mendix’s three principal regions – North America, UK and Continental Europe – contributed significantly to this overall triple-digit growth. Mendix has experienced strong demand throughout key vertical markets – including life sciences, financial services, insurance, telecommunications, as well as public and business services – with contributions both from new customers and the expansion of existing customers building more applications on the Mendix App Platform.
Mendix continues to expand its worldwide team, including doubling its staff in the US over the past year. The company facilitated additional growth recently with the opening of a new European headquarters in Rotterdam, The Netherlands, and the announcement that it is planning to double the size of its Boston space by the end of 2013.
During the first half of 2013 Mendix expanded its partner ecosystem that already includes worldwide partnerships such as Capgemini and Fair Isaac Corporation. The company also rolled out a new version of its application platform, Mendix 5, with more power and features for businesses to accelerate the development of new enterprise apps.
“Seeing such strong results already early in 2013 reflect the continued success of our enterprise platform strategy,” said Derek Roos, founder and CEO of Mendix. “Our customers need their IT organizations to enable business to go faster, be more efficient and innovate quicker. Instead of getting stuck in rigid enterprise IT projects with uncertain outcome, they put together highly productive teams that leverage the Mendix App Platform to build applications which generate tangible business results for their organizations – in days, not months.”