Another Year of Accelerated Growth and Increased Profitability for Ivalua
REDWOOD CITY, Calif. -- June 11, 2013
Ivalua, the leading global provider of best-of-breed Spend Management and
Supply Chain optimization solutions, posts another successful year with
increased sales, continued revenue growth and class-leading retention/renewal
Globally, Ivalua’s successes in 2012 yielded a revenue increase of 30% and the
signing of 20-plus new clients, while our retention / renewal rate remained at
a record 98%. Ivalua remains profitable year after year, in spite of
significant investment in its US presence.
Ivalua, Inc. – American Success story
In the latter part of 2012, Redwood City based Ivalua, inc. (North-American
subsidiary of Ivalua Group) has known an exceptional acceleration in traction,
*10 new clients in the past 6 months, including CACI and the Lefrak
*Several of these are Fortune 500 companies purchasing the full suite for
*Strategic partnerships with professional services providers such as Nitor
Partners, CGI and the Shelby Group
*Accelerated growth in headcount (US team growing to 20+ employees)
*Opening of second North American office in the Washington DC area
2013: looking forward to a banner year
Building on the momentum from 2012’s stellar 4^th quarter, 2013 is shaping up
to be a year of record-breaking achievements:
Projected Sales worldwide for 2013 are up by 300% compared to 2012, while
projected global revenue for 2013 is up by 70%. Confirmed bookings as of May
31^st 2013 total $18.5M in the U.S. alone, including a full suite deployment
for the Whirlpool Corporation worldwide and seven other major projects.
October 2013 will see the launch of Ivalua Buyer v8, incorporating many
innovations and placing Ivalua even further near the top of the competitive
landscape. Buyer v8 will continue the trend towards higher configurability
(negating the need for costlier and more resource-intensive customization).
This allows Ivalua to keep the cost of Deployment Services in check, while at
the same time providing a greater value to the client, resulting in higher
SaaS Subscription fees.
Our North American successes will fuel several strategic initiatives to
further increase market share:
- Through both direct sales and partnerships, Ivalua is actively focusing on
the Canadian market.
- A permanent office will open in Brazil in Q4 of 2013, based on existing
commitments and as part of our strategic initiative in the region.
Daniel Amzallag, CEO of Ivalua, inc.: ‘Our stellar growth in the U.S. market
is a direct result of Ivalua Buyer’s unique flexibility and configurability.
Only a few players in the enterprise-class Spend Management Solution space
offer a true end-to-end modular solution like ours. Of those who do, none
include the flexibility and configurability that Ivalua does. This clearly
resonates with the clients.’
Patrick Van Osta, 650-930-9713
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