Mendix Reports Record Q1 Results Fueled by Strategic Platform Adoption

Q1 bookings up 161 percent year over year; company tripling North American sales team to keep pace with growing demand

BOSTON – April 5, 2016Mendix, a leading application Platform-as-a-Service (aPaaS) provider, today announced record Q1 results. This triple-digit growth is being driven by strategic adoption of the Mendix platform, as enterprises around the world look to accelerate their digital transformation.

For Q1 2016, Mendix reported 161 percent global bookings growth, including triple-digital growth in each of its principal sales regions. The company experienced particularly strong traction in the North American market, achieving 190 percent of plan for the quarter. These record results were driven by accelerated new logo growth, with companies adopting the Mendix platform to rapidly deliver new web, mobile and IoT applications that help transform their businesses.

Additional Q1 business highlights include:

“With digital transformation at the top of virtually every strategic agenda, we are perfectly positioned to capitalize on this enormous market opportunity and take the company to new heights,” said Derek Roos, CEO and co-founder of Mendix. “While our record Q1 was impressive, I believe it’s just the start of even bigger and better things coming in the quarters and years ahead.”

Aggressive Hiring Plans include Tripling North American Sales Force

To keep pace with its rapid growth and surging market demand, Mendix is hiring aggressively in all regions, making significant investments in sales, services, support and alliances. In particular, the company plans to triple its North American sales force in 2016. To view current openings, visit the Mendix Careers page at https://www.mendix.com/company/join-our-team/.