In what I’ve learned has become an annual tradition at SpeechTEK, we released yesterday our “State of Voxeo” news release. The title pretty much says it all: “Voxeo Announces Global Expansion and Record Growth“. Here’s the financial performance part:
From July 2007 to June 2008 Voxeo’s revenue increased 99.7% over the prior twelve months. In North America and Europe revenues grew 94% and 470% respectively. Voxeo’s performance significantly outpaced revenue growth seen by a peer group of eighteen leading public Software as a Service (SaaS) companies, which saw a 48% mean increase in revenues over the same period. Unlike most SaaS vendors, Voxeo grew significantly while maintaining profitability and has now closed 18 consecutive profitable quarters.
Yes, we should have rounded our 99.7% revenue increase up to simply “100%”, but we honestly didn’t think anyone would believe us if we put that in. And yes, that last bit means we have actually been making a profit for the last 4.5 years. (And we also realize that the concept of making money and growing organically through profit is a rather radical idea in these times, but we rather like the idea.)
We also continue to be pleased by the recognition we are receiving within the industry:
In a recent Strategic Focus Report on “Hosted Speech and Outbound IVR Services”, Datamonitor ranked Voxeo as the only company strong across all metrics of the IVR landscape, beating 17 other IVR companies. In February Voxeo announced that Gartner, Inc., a leading research and advisory firm, has “positioned Voxeo in the Visionaries Quadrant of its Magic Quadrant for IVR Systems and Enterprise Voice Portals, 2008 report”. Voxeo’s placement is based on “its ability to execute and completeness of vision.” In June, Voxeo was the recipient of the exclusive Frost & Sullivan Award for Product Innovation for its Prophecy Voice Platform products and services. In July Voxeo won the 2007 Product of the Year award from Communications Solutions. Finally, in August Voxeo won the 2008 Speech Technology Magazine Speech Solution Award for “Best Self-Service Suite”.
Our focus continues to be on delivering the best possible platform for executing voice applications and providing the best possible support to our customers. We’re delighted to see that focus being recognized and do appreciate the kind words being said about us.
The “State of Voxeo” news release also speaks of the great improvements in our Extreme Support program, the number of customers we’ve added and the number of developers who have worked with our product. While I’m not going to copy the entire news release here, given my particular interest in helping build our developer community, I loved seeing this:
In addition, over the past 18 months over 20,000 developers have installed Voxeo’s openly downloadable Prophecy software platform and over 8,000 have joined Voxeo’s Evolution developer program. As of August 2008 over 31,000 developers have joined Evolution.
In these times of economic turmoil, we are thrilled to be able to put out a news release like this… and we remain incredibly thankful and grateful to all of our customers, developers and partners who continue to choose our platform for their voice applications. We look forward to continuing to help our customers grow their businesses and build stronger and better applications that help people communicate. Thanks to you all!
- Introducing our “Voxeo News” section – a quick way to get a summary of Voxeo announcements
- Unlocking access to New York State Senate legislation info through IM, SMS, Twitter, voice via Voxeo IMified/Prophecy
- The Voxeo acquisition of VoiceObjects – a summary post
- Voxeo Takes $9 Million Investment to Add Jobs, Seize Growth Opportunities
- How to get an iNum – a “global phone number”