Cloudbilt Reports Record Growth in 2013
Monthly Recurring Revenue Grew 186 Percent and Top Line Revenue Grew 114 Percent
Charlotte, N.C. (February 25, 2014) – Cloudbilt, an application provider, today announced it experienced record growth in 2013. When compared to 2012, monthly recurring revenue grew 186 percent and top line revenue grew 114 percent.
Founded as Saber Solutions in 2009, the company successfully changed its business model and rebranded as Cloudbilt in May of 2013. The change allowed Cloudbilt to move away from consulting and concentrate solely on selling business applications on the Salesforce1 AppExchange.
Its flagship MapAnything™ solution provides mapping, real time geo-location, territory management, and analytics. Using a proprietary cross object query engine, MapAnything traverses the data structure and allows users to join data objects and fields (standard and custom) into saved map layers.
In addition, Cloudbilt has two compliance and auditing solutions. ezCloudAuditTM creates a view history and establishes a complete chain of custody on proprietary information. ezFileLoaderTMprovides profile- and user-based security settings along with detailed audit logs and attachment histories, while enabling users to drag and drop files directly into records and email files from records.
“We had a milestone year that included changing our business model and completely rebranding the company. Our success can be attributed to the hard work and dedication of the entire Cloudbilt team. We have an aggressive product roadmap in 2014 and will be adding several new solutions to help meet the needs of business users on the Salesforce1 Platform,” stated Cloudbilt CEO John Stewart.
In addition to Cloudbilt’s revenue growth, other highlights included:
- Added over 150 new customers
- Customer retention rate in renewal posted an impressive 99.9 percent.
- Successfully launched international reseller channel program and added an outside sales team focused on the enterprise.
- Grew its leadership team with the addition of several key industry veterans and hired 12 professionals for newly created positions.
- Participated in 9 trade CRM tradeshows
Cloudbilt (formerly Saber Solutions) is an application provider that specializes in Sales Intelligence (MapAnything™) and Adoption, Audit & Compliance (ezFileLoader™ and ezCloudAudit™) apps. Its proprietary cross object query engine gives users unparalleled insight into CRM data. Cloudbilt has more than 200 customers worldwide. To learn more, visit http://www.cloudbilt.com.
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