Hippo Announces Record Revenue Growth
New customers, partners, and commitment to open standards drive innovation and growth
Boston, MA and Amsterdam, The Netherlands – May 5, 2012 – Hippo, the open source web content management company is very proud to announce that record growth continues. The revenue in 2011 was the highest ever and through the first quarter of 2012 the revenue continues to grow. This announcement comes on the heels of Hippo being selected as a 2012 Red Herring Top 100 Europe winner.
Hippo enjoyed a 75% CAGR growth in the first quarter of 2011, as compared to the same period last year. This quarter's growth represents the highest in the company's history.
The company was proud to make this announcement immediately after being honored with the Red Herring's Top 100 Europe award. This list has become a mark of distinction for identifying promising new companies and entprepreneurs. As Alex Vieux, publisher and CEO of Red Herring said: "after rigorous contemplation and discussion, we narrowed our list down from hundreds of candidates from across Europe to the Top 100 Winners. We believe Hippo embodies the vision, drive and innovation that define a successful entrepreneurial venture. Hippo should be proud of its accomplishment, as the competition was the strongest it has ever been."
Dozens of new customers have fueled this new growth – and they span all kinds of industries across the globe. They include government and educational organizations such as The Dutch National Police, Indiana University Health and City University of New York – consumer brands such as Autodesk, Dannon and Dolce&Gabanna, Financial institution like Talmerbank and Graydon and publishing companies such as Thomson Reuters and Sdu Publishing.
Hippo is also honored that much of this record growth comes from an ever-increasing partner network of agencies and systems integrators. With the addition of three new partners this last month – the company now has development and integration partners in more than 20 countries and on six of the seven continents. Daniel Barl, CEO of Hippo partner comSysto reflected the spirit of the partnerships when he recently said "we really focus on usability and the targeted nature of the content. Hippo CMS is a perfect fit for these types of solutions – and we're very excited to be working with such a great team of Java professionals."
And Hippo's commitment to open source and open standards is also leading the way for this incredible growth. 15 new employees joined the Hippo team in the first quarter of 2012. With team members from more than 20 different nationalities Hippo is truly a company with global ambition. The company now has more than 70 people on its team now – and 12 of these passionate Hippo developers are honored with being official committers within the Apache Software foundation. Additionally, Apache Rave the open source software mashup platform that allows developers to build and engage with an array of social network technologies has seen tremendous participation by Hippo team members – and is now an official "Top-Level Project" within the Apache Software foundation.
"We are extraordinarily pleased at our progress both internationally, as well as across different vertical segments," said Jeroen Verberg, CEO at Hippo. "This is truly a testament to how dedication to Open Source and Open Standards is powering innovation in the enterprise. We spent a full two years in 2008 and 2009 rebuilding both the product and the company with a focus on improving each and preparing them for growth. So, we're truly an enterprise company – with the heart of a startup – and we're ready for this tremendous growth. It's great to see this strategy paying off."
Hippo sets the standard for how organizations can bring real-time relevance to their audience and is the foundation for personalized communication across all channels: mobile, social and web.
Hippo's software is open and build on enterprise standards. Our solutions help businesses to manage their brands in multiple countries, in multiple languages; drive global revenues and enrich their customers' experience. Hippo's innovative, enterprise-ready technology and service solutions span the entire web customer journey enabling a true, open and context-aware content strategy.
It's our goal to become a key global player providing the software, tools and services to create the best online experiences. We want to be the trusted brand for organizations that are building deep online relationships with their clients.
Hippo CMS is delivered through a certified partner network across the globe to customers like Autodesk, Thomson Reuters, City University of New York, Dolce & Gabbana, the Dutch Police and the Government of the Netherlands.
Hippo was founded in 1999, has offices Amsterdam and Boston and over 70 employees. For more information visit www.onehippo.com.
Tjeerd Brenninkmeijer, CMO, +1-877-414-4776