Nashua, NH – January 9, 2018 – Akumina Inc., the leading software provider of digital workplace and collaborative work management solutions, today announced record-growth during the 2017 fiscal year that concluded on December 31, 2017. The company's strong momentum is largely fueled by accelerated enterprise customer acquisition and significant existing-customer expansion, as well as further alignment with Microsoft and its strategic partnership with Avanade. Akumina's record growth for 2017 included year-over-year top-line sales gains of 204% and year-over-year expansion of annual recurring revenue of 273%. The Company's impressive growth rate is attributed to enterprise-wide adoption within large corporations that use Akumina's software in over two-dozen countries and in over 50 languages.
Culminating a year of rapid product enhancements, Akumina launched its final update of 2017 and brought to market its "App Store" architecture approach. The platform's revolutionary decoupled design pattern allows Akumina's partners and customers to choose the right "widget" or the right "app" for each end-user scenario. This approach allows Akumina to push new functionality and enhancements to the existing product without the need to upgrade the entire software platform. This enables enhancements to the end user experience in the same simple fashion that a user would download a new app on their smartphone. The technical success of the platform has gained impressive 3rd-party reviews and citations from leading industry vendors and analysts such as Microsoft, Gartner, CMSWire, Clearbox Consulting and more.
"This past year was an incredible one for Akumina and for our customers and partners," said Ed Rogers, Akumina's chief executive officer. "We set out in 2017 to become the de facto digital workplace solution for organizations of all sizes who have standardized their business on the Microsoft stack. We've made significant progress towards that goal and as we launch into the new year, we will continue to aggressively grow our global customer expansion, our product's capabilities and our internal talent."
Akumina also announced today the appointment of Owen Allen as vice president of product marketing and the opening of a physical office in Bellevue, Washington. Owen has been on the front edge of workplace redesign and improving employee experience for over 20 years as a consultant, sales engineer, technology specialist, and product marketing manager.
"I'm pleased to join Akumina and help our customers realize even more of the productivity promise of moving to the cloud," said Mr. Allen. "The Akumina platform is the future of work. With the collaborative work management application, Workspaces in particular, Akumina makes enhanced project-centric collaboration capabilities possible for every enterprise. Built on Microsoft Office 365 and Microsoft Azure, no other competing platform significantly transforms the way businesses work with the cloud with quite the same depth and unified experience that Akumina offers."
For more information on why Akumina is one of the highest rated digital workplace software applications please visit Akumina's website.
Akumina provides the leading digital engagement software solution delivering a contextual and personalized digital experience and transforms how employees work, collaborate and innovate. Akumina's customers are using the software platform to drive modern and global intranets, digital executive dashboards as well as extranets and portals. Akumina's customers include the Boston Red Sox, Walt Disney Corporation, iRobot, The World Trade Center and the Department of Defense to name a few. To learn more visit www.akumina.com or follow us on LinkedIn, Facebook and Twitter.
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Vice President of Product Marketing