Moxie Software Reports Strong Growth in 2011
Company Bolsters Its Leadership Position in the Enterprise Social Software Market
SUNNYVALE,Calif. Jan. 31, 2012 – Moxie Software, Inc., the Enterprise Social Software Company, today reports strong growth for FY2011. The growth was fueled by the addition of 75 new customers to its client roster and 79 percent of its existing customers expanded their use of Moxie’s products.
“Given our momentum and the market climate, we are confident that we will see strong returns in our technology and corporate investments,” said Tom Kelly, CEO of Moxie Software TM. “Moxie’s unique ability to power enterprise collaboration – and connect it to customers – drives business value and enables us to achieve our goals in 2012.”
“There are some very large deals going down as some enterprises set standards and deploy [enterprise social technology] pervasively,” writes Rob Koplowitz, vice president and principal analyst at Forrester Research in his September 2011 blog post, The Enterprise Social Landscape Enters Teen Years. According to Forrester, enterprises will increase their spending on social enterprise apps for software and services at a compound annual growth rate of 61 percent in the next five years.1
FY2011 Highlights include:
- 30 percent growth in new customer acquisition
- Over 40 percent increase in recurring revenue
- Quadrupled sales of Moxie’s Employee Spaces™
- Increased margins by 20 points
- Mobile and rich media sharing capabilities were added to Employee Spaces
- Smart Personalization, mobile support for knowledgebase and enhanced social media integration were added to Customer Spaces™
- Comprehensive and secure integration framework was released for Employee Spaces, which connects the solution with enterprise applications such as CRM, ERP, Content Management, HR and Microsoft suite
Moxie’s customer growth has occurred across a wide range of industries, including education, healthcare, retail, finance, media and entertainment. Moxie’s recently acquired customers include: Humana, Indigo Books, Johns Hopkins Medicine Armstrong Institute for Patient Safety and Quality, Roosevelt University, Santa Clara University’s Center for Science, Technology, and Society, Tesco, Turner Broadcasting System, Inc., and University of Southern California (USC) among others.
Moxie expanded its product development, sales, marketing and leadership team. The company added Jonathan Schwartz, CEO of Picture Health, to its board, and made several executive appointments including David Boyer as senior vice president of product, David Spitzler as vice president of corporate development, and Jean-Benoit Sorge as vice president and general manager for EMEA.
- Growth will remain strong and Moxie expects to report profitable operations in the second half of 2012, projecting 50 percent sales growth and 40 percent revenue increase from FY2011.
- The emergence of internal collaboration platforms as a knowledge source for customer communications will become a key technology trend in 2012. Moxie Software is the only vendor that can fulfill customers’ requirements to deliver on this technology convergence.
1Social Enterprise Apps Redefine Collaboration, Forrester Research, Inc., November 30, 2011
About Moxie Software, Inc.
Moxie Software, the Social Enterprise Software Company enables companies to connect employees, customers and partners to engage in business, share knowledge and collaborate.
Moxie Software provides the most complete and intuitive enterprise social software for employee and customer engagement through Spaces by Moxie applications. These highly intuitive, user-centric applications were designed for The Way People Work through collaboration with world-renowned design and innovation firm IDEO and incorporating the thought leadership from Moxie Insight. Companies using Moxie Softwares solutions are able to innovate faster, and improve operational efficiencies and customer support. To learn more about Moxie Software, visit gomoxie2020.test.