SOA Software Announces 52% Revenue Growth
New Enterprise API Management Products, Partnerships and International Expansion Fuel Growth
LOS ANGELES, CA, Feb 04, 2013 (Menafn - MARKETWIRE via COMTEX) --SOA Software, a leading provider of Enterprise API Management andSOA Governance solutions, today announced a 52% increase in its 2012revenues versus the prior year. With expansion into new internationalmarkets, the development of an enterprise API management solution,and deeper engagement with developers and strategic partners, thecompany realized a very successful year.
"This past year was one of incredible growth for us, in severalways," said Paul Gigg, President and CEO of SOA Software. "Weexpanded into Europe, the Middle East and Africa, delivered theindustry's most reliable and usable enterprise API managementproduct, and continued to serve customers with our leading API andSOA platform solutions. We are uniquely well-positioned to continueto deliver on the incredible demand for merged SOA and API solutions,that are highly functional, easy to use and enterprise ready."
SOA Software's impressive growth in 2012 reflects an increasingdemand by enterprises to use Web services to connect with customers,recognize productivity gains and increase cost efficiencies. As theidea of the API Economy continues to be embraced in the market, SOASoftware developed solutions that provide organizations witheffective ways to plan, build, run and share enterprise services andAPIs across their own and partners' systems. The company announcedearlier in the year that more than 50 billion transactions wereenabled by SOA Software solutions in 2012. "Clearly, the API Economyis the environment in which smart organizations are working," saidGigg. "We've been the prime enabler of this new way of conductingbusiness."
Among the areas in which the company saw massive growth and changewere the following:
Customers As part of the outstanding year, SOASoftware established relationships and deepened ties with manyFortune 1000 companies. The company now numbers, among its customers,the following organizations:
--3 of the 5 largest global pharmaceutical companies
--1 of the 2 largest international BioPharma companies
--2 of the 5 largest t global insurance companies
--The top retail drug/pharmaceutical company in the world
--The world's largest shipping company
--The top 2 banks in the United States
--The top title insurance company in the United States
--3 of the top 5 airline companies in the United States
--1 of the top 2 United States railroads
--The largest private pension plan in the United States
Product Innovation As has been standard for the company, SOA Softwarestayed on top of customer demand and delivered new and innovativeproducts in 2012. In November, the company launched two importantsolutions to help enterprises deliver API solutions. The EnterpriseAPI Platform addresses enterprise requirements across the entire APIlifecycle and helps organizations reach new channels and gain asignificant business advantage. Also delivered by the company was SOASoftware Open, the industry's most scalable and capable API developerplatform. This free developer community offers users a real-world,viable solution for their API Management needs without the kind ofunrealistic functional and capacity limits imposed by othersolutions.
Partnerships The company received Microsoft Gold ISVcertification and launched a new product specifically designed forMicrosoft's Windows Communication Foundation (WCF). SOA Software'slong-standing relationship with IBM was solidified with the releaseof Policy Manager for DataPower. The new "ready-to-use" SOAgovernance solution builds on the company's extensive experienceintegrating SOA run time components, reduction of administrativeoverhead, and ensures consistent policy and service definition. Thecompany also continued their Advanced Partner status with strategicpartner RedHat and also established a new partner relationship withVMware.
Awards SOA Software was recognized in 2012 for product andcorporate leadership. The company was recognized as a "Leader" in twoForrester Research Waves -- reports on Integrated SOA Governance andSOA Life Cycle Management. SOA Software was named as a key vendordominating the Global SOA Governance market 2011-2014 and was honoredas one of the most innovative companies of 2012. As a result ofpositive reviews of their SOA Software Enterprise API Platform, SOASoftware received Gold status by Golden Bridge Awards for APIManagement. The USCA awarded the company the top recognition in theUnified SOA Governance and API Management category. At the executivelevel, Executive Vice President and General Manager Roberto Medranowas honored by the Hispanic IT Executive Council as one of the Top100 Influential people in Information Technology.
Leadership SOASoftware wrote and published the eBook, Building Successful APIs,based on its experience working with global corporations that arefacing a transformation of IT requirements due to rapidly evolvingbusiness alliances and mobile device proliferation. SOA Softwarepublished several articles about APIs in prestigious publicationsincluding Forbes, Cloud Computing, and others (these included,Welcome to the API Economy and SOA and the Cloud: Why your CloudApplications need SOA. The SOA Software blog became anindustry-leading resource for information about APIs and SOAGovernance with the publication, in 2012, of 36 blogs. SOA SoftwareCTO Alistair Farquharson and SOA Software executives were keynotepresenters at a variety of leading industry conferences. SOA Softwareis the first to converge API and SOA with Application ServicesGovernance. Application Services Governance leverage SOA as thefoundation for APIs to build better business applications.
International and US Expansion Adding to SOA Software's improvedbottom line was a major expansion into new markets. In addition to anestablished presence in the UK and Africa, the company opened newoffices and added new sales, marketing and development teams in avariety of global locations. In Australia and New Zealand, a new teamis addressing the needs of large banking, telecommunications andgovernment customers. SOA Software improved its footprint in EMEAwith a new base of European operations in France. With inroads in somany parts of the globe, SOA Software is well prepared to continuegrowth in the coming years.
About SOA Software SOA Software is a leading provider of EnterpriseAPI Management and SOA governance products that enable customers toplan, build, run and share enterprise services and APIs. The world'slargest companies including Bank of America, Pfizer, and Verizon useSOA Software products to harness the power of their technology andtransform their businesses. Gartner placed SOA Software in theLeaders Quadrant for the 2011 "Magic Quadrant for SOA GovernanceTechnologies." The company is also recognized as a "Leader" by theForrester Research Waves for Integrated SOA Governance, SOAManagement, and SOA Life Cycle Management. For more information,please visit http://www.soa.com.
All product and company names herein may be trademarks of theirregistered owners.
SOA Software, Community Manager, Policy Manager, Portfolio Manager,Repository Manager, Service Manager, API Manager, and SOLA aretrademarks of SOA Software, Inc.
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