Mendix reports record growth for 2009

Mendix announced today that it has successfully closed 2009 with consistent expansion during difficult economic times. The company continues to achieve triple digit revenue growth in Q4 2009, for the 4th consecutive year, maintaining its return rate and boasting the following achievements:

  • Named a ‘Cool Vendor’ by top analyst firm, Gartner Inc.
  • Contracted new enterprise clients in insurance, utilities, retail and telecom sectors
  • Expanded partner portfolio in US, UK, Middle Eastern and Asian markets throughout 2009
  • Launched Mendix User Community Portal to support rapidly growing user base
  • Doubled its workforce to 63 employees to manage increasing demand for Mendix products

Derek Roos, CEO at Mendix comments on the past year, “Although 2009 was a tough year for many organizations, Mendix did very well. I think that the current market conditions may have helped us by driving companies to look for smarter and more innovative ways to rapidly deliver applications that streamline processes and increase business agility.”

The Cambridge-based software company looks to grow its presence in international markets. Roos continues, “2010 is going to be an even more important year for Mendix as we focus on expanding our international customer base and acquiring new partners. We have some exciting product announcements planned and we’re looking to make substantial investments in our product roadmap and international roll-out.”

Mendix has been profitable since its start in 2005. After completing its best year yet, Roos expects a healthy, growth-oriented 2010 in both US and European markets.

    About Mendix

    Mendix, a Siemens business, is the only low-code platform designed to address the full complexity of enterprise software development challenges. Deploying point solutions to departmental problems solves things at a micro level—but if you want to make a significant impact on your business, you need to go bigger and build powerful portfolios that move the needle sustainably and strategically.

    With Mendix, enterprises can take on more complex, transformational initiatives by engaging everyone in capturing requirements, forming ideas, and embedding value assessment throughout the lifecycle of the software portfolio.

    Focus on the right problems while relying on governance and control to avoid unnecessary risk. Mobilize your organization. Build the change readiness muscle. And when the next big idea drops, turn it into an outcome quicker.

    More than 4,000 organizations in 46 countries use the Mendix low-code platform. An active community of over 300,000 developers has created over 950,000 applications – and counting.