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Leader in Marketing Performance Management software experiences rapid revenue growth, completes senior leadership team hires and signs multiple enterprise customers to contribute to another record quarter
Vancouver, BC (PRWEB) February 04, 2014
Allocadia Software, the leader in Marketing Performance Management software, today announced another record quarter of rapid growth for the end of Q2 FY 2014, increasing revenue 168% over the same quarter last year. Allocadia also increased the number of seats by 211% and closed the companys largest enterprise deal.
In todays competitive landscape, CMOs are striving to get a better understanding of their strategic plans, spend, and overall performance. We continue to see our customers make positive impacts to their organizations by improving the way they do marketing planning, budgeting, and measuring results with Allocadia, says Kristine Steuart, CEO and co-founder of Allocadia. With continued strong revenue growth, we are clearly demonstrating that we are helping to solve a widespread pain of marketers. The team is excelling at helping our customers see positive business impact, and at the same time helping our company continue our rapid growth.
Largest Enterprise Deal and New Global Partnerships Signed
Revenue growth for Q2 FY 2014 came from several different areas:
Leadership Team Complete
A key strategic goal was accomplished in Q2 FY 2014 with the hiring of three executives to round out Allocadias Senior Leadership Team:.
In their new roles, the three leaders are reunited with CEO and co-founder Kristine Steuart and other other senior Allocadia team members who were part of the rapid growth and innovation that led Crystal Decisions and Business Objects to the top of the enterprise reporting software industry.
About Allocadia Software
Allocadia is a leader in Marketing Performance Management delivering cloud software for that helps marketing teams manage their investment planning, budgeting, and return on investment. Enterprises see immediate financial benefits by re-allocating marketing budgets to the highest-performing campaigns. Customers include F5 Networks, Juniper Networks, VMWare, StepStone and Trimble. For more information, visit http://www.allocadia.com or follow @allocadia.
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