Vordel Growth Momentum Continues with Record Year in 2010 for SOA and Cloud Sales
Net Revenues up 80% on Same Period as Last Year and 82% Year-on-Year Growth
Boston, MA - January 19, 2011 Vordel, a provider of fast, safe, connectivity for SOA and Cloud services, today announced record net revenue results for the 4th quarter and year ending Dec 31 2010. For Q4 revenue growth stood at 80% on the same period as last year and the company enjoyed continued growing profitability. For the full year Vordel achieved a net 82% year-over-year growth and added over 30 customers to bring its global customer base to over 150 enterprise clients in 32 countries.
“Despite global economic challenges, Vordel continues to buck the trend by expanding and growing revenues in all markets said Vic Morris, CEO at Vordel. This proves how important our technology is to large enterprises as they seek to reduce costs and make it easier for companies to do business with them. Our growth is due to new customer acquisitions and additional traction within our existing install base as they realize the benefits derived from our latest Vordel 6 release.”
“We are committing ourselves in 2011 to further develop our innovative technology, to enable companies safely leverage their SOA and Cloud infrastructure investments, added Morris.”
In Q4 2010, Vordel continued to drive sales in North America, EMEA and Asia with significant customer wins in multiple sectors including Automotive, Health Insurance, Government, National Security, Pharmaceutical, Financial Services and Telecoms. These enterprises selected Vordel XML Gateway and Cloud Service Broker to increase performance, strengthen security and enhance interoperability in SOA and Cloud deployments. Additionally, these organizations are leveraging Vordel's unique management capability to govern service usage and enable the efficient running of applications in SOA or Cloud architectures.
In addition to growing revenue, the company’s management team has expanded with the addition at the end of 2010 of Ed Jackowiak to the position of Vice President of Sales, North America, Vordel. Jackowiak is an accomplished sales and technology veteran who previously worked with Oracle, Bridgestream, Kavado and Netegrity among others. His appointment will continue to drive Vordel’s expansion within the USA. Other appointments to Vordel’s global team in 2010 included Arne Boettcher, Director of Sales sales within the German, Austrian and Swiss regions and Herve Aubin as Director of Sales for Southern Europe.
Key Highlights of Full Year 2010
Vordel delivers fast, safe, connectivity for SOA and Cloud services. Customers rely on Vordel's Gateway and Cloud Service Broker to increase performance, strengthen security and enhance interoperability in SOA and Cloud deployments. Businesses leverage Vordel's unique management capability to govern service usage and enable the efficient running of applications in SOA or Cloud architectures. Vordel has global enterprise customers in banking, healthcare, insurance, manufacturing, media, pharmaceutical, telecoms, utility and government organizations. To learn more and obtain a free evaluation of Vordel's products follow us on twitter and our blogs.
Anne Marie McCallion, ReturnPR
+ 353 86 834 9329
Hugh Carroll, Vordel
+353 1 234 2500