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Agiloft Continues Momentum with Record Revenue and Personnel Growth in 2018
Rapidly growing agile software provider realizes strong performance with product enhancements, global partner program and new customer acquisitions
REDWOOD CITY, Calif., Jan. 9, 2019 /PRNewswire/ -- Agiloft, Inc., a trusted provider of agile business process software, today announced its strong performance, achieving more than 40 percent revenue growth and more than a 200 percent increase in channel sales in 2018. The company also increased employee headcount more than 30 percent.
Agiloft's record growth was bolstered by platform enhancements for user experience, as well as new functionality and integrations for both the Agiloft Contract Management and Service Desk Suites. The company's agile business process software also achieved G-Cloud 10 Supplier Status under the UK Government's Crown Commercial Service (CCS) initiative in 2018, which reflects Agiloft's expanded focus in Europe to better serve its global customer and partner base.
New Customer Acquisition
A variety of marquee organizations across verticals signed on with Agiloft in 2018, including American Academy of Orthopaedic Surgeons, Spectrum Retirement, J.B. Hunt, Charter Communications, Otter Products and Abiomed. Established clients continue to derive value from Agiloft's applications that can be configured to their specific needs quickly, efficiently and without having to write a line of code.
"With Agiloft, we have a solid foundation that can grow with our business and it's truly agile. That's what's needed in today's world," said Renee Boyer, IT Business Analyst at International AIDS Vaccine Initiative.
Channel Sales Partners
With the addition of Sequent, Nous Infosystems and Timmut Connect to the Agiloft Global Partner Program as certified resellers, Agiloft extended its partner network across six continents, including the U.S., South America, Europe, Asia, Oceania and South Africa.
"Agiloft's continued revenue and channel growth is a testament to the innovative technology behind our award-winning solutions and to our team's ability to form global strategic partnerships," said Colin Earl, CEO of Agiloft. "We are committed to empowering our partners and customers through the automation of business processes to improve efficiency, reduce risk and deliver better service for customers."
Industry Awards and Recognition
Agiloft also earned a multitude of accolades in 2018. Leading industry analyst firm Spend Matters recognized Agiloft as a Value Leader in its 2018 Contract Management SolutionMap and named Agiloft to its 2018 "50 Providers to Watch" List for Procurement Software.
The company won three American Business Awards (Stevies®) for Customer Service Department of the Year, New Product or Service of the Year - Software - Platform as a Service, and CEO Colin Earl was honored with the Gold Stevie Award for Entrepreneur of the Year. Additional industry awards include being named the top ITSM tool in Info-Tech Research Group's Customer Experience Awards for ITSM software; PC Mag's best contract management provider of the year and Editor's Choice for contract management software for the fourth year in a row. Finally, analyst firm, Gartner featured Agiloft in its market report on contract lifecycle management, which it projects to grow 12 percent annually, and Forrester rated Agiloft a "strong performer" in its list of 13 companies that offer complete CLM capabilities (buy side and sell side).
In 2018, Agiloft increased its headcount in all functional areas including development, sales, services, operations and marketing. Agiloft appointed Christian Thun as the company's new vice president of engineering and product management to accelerate the company's growth and advance product innovation, with plans to add artificial intelligence to the product suite in 2019.
The company continues to actively recruit for additional talent. To learn more about open positions at Agiloft, visit: https://www.agiloft.com/jobs.htm.
Over three million users at organizations ranging from small enterprises to U.S. government agencies and Fortune 100 companies depend on Agiloft's top-rated product suites for Contract Management Software, Service Desk, Custom Workflow, and more. Agiloft specializes in automating processes that are too complex for competing vendors. Our best practice templates and adaptable technology ensure rapid deployment and a fully extensible system.
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