Vordel Growth Momentum Continues with Record Year in 2011 for Cloud, API and SOA Sales
Net Revenues up 120% on prior year Q4 and 90% Year-on-Year Growth
Boston, MA - February 21, 2012 - 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 2011. For Q4 revenue growth stood at 120% on the same period as last year and the company enjoyed its third straight year of profitability. For the full year Vordel achieved a net 90% year-over-year growth and added over 50 new customers to bring its global customer base to over 200 enterprise clients in 40 countries. Additionally, Vordel's strategic alliance with Oracle resulted in significant new opportunities and increased revenues.
"2011 was another stellar year for Vordel, with a record number of new customers joining the Vordel community around the globe. Our continued top and bottom line growth proves the value Vordel delivers to enterprises," said Vic Morris, CEO, Vordel.
"Enterprises select Vordel to connect their applications, users, and devices across Cloud, mobile and on-premise. Our Cloud Service Broker, API Management and Gateway products drove significant customer wins in multiple sectors including Automotive, Health Insurance, Government, National Security, Pharmaceutical, Financial Services and Telecoms," added Morris.
In 2011, Vordel's partner alliances also boosted revenues. In summer 2011, Vordel announced a strategic alliance with Oracle. With over 250 Oracle Fusion Middleware sales teams across the globe, Vordel is benefiting directly from the new revenue channels this relationship has opened. Vordel also announced its enablement of SSO across hybrid clouds with VMware with more exciting partner announcements pending in 2012.
In addition to growing revenues, the company has also expanded its management team with the addition of several senior executives from Salesforce.com, BEA Systems, Oracle, and Thor Technologies.
Key Highlights of Full Year 2011:
Vordel links all enterprise applications, users, and devices across Cloud, mobile, and on-premise environments. Vordel Application Gateway provides integration, security, governance, and acceleration for enterprise applications and APIs. Fortune 5000 enterprises and government agencies use Vordel to extend their enterprise applications and SOA infrastructure beyond the perimeter to enable Cloud based services and mobile computing. Vordel makes it possible to deliver and consume "Applications Anywhere" with IT's existing applications and infrastructure, without costly upgrades and rewrites.
To learn more and obtain a free evaluation of Vordel's products, go to: www.vordel.com and follow us on twitter and our Blogs
Anne Marie McCallion, ReturnPR
+ 353 86 834 9329
Hugh Carroll, Vordel
+353 1 234 2500