OpenSpan Achieves More Than 100 Percent Revenue Growth in 2008February 10, 2009
OpenSpan Platform to Enhance Customer Service on More Than One Billion Support Calls and Save Organizations More Than $100 Million in 2009
ATLANTA, February 10, 2009 – OpenSpan, Inc., a leader in desktop productivity and SOA acceleration software, today announced that the company experienced more than 100 percent revenue growth in 2008. OpenSpan attributes this success to its ability to help customers leverage existing applications to improve workforce productivity. With an innovative, cost-effective integration technology that requires minimal service commitments, the OpenSpan Platform is expected to save its customers more than $100 million in 2009.
The OpenSpan Platform has now been deployed to more than 100,000 enterprise desktops, with over 1,000 new desktop deployments occurring every week. Combined, OpenSpan will improve customer service on more than one billion customer calls in 2009. The company realized significant adoption during 2008 in the financial services, telecommunications and contact center industries, which all rely on OpenSpan to streamline business processes, enhance productivity and reduce costs. For instance, a leading telecommunications provider that implemented the OpenSpan Platform in less than four months is expecting to save $20 million annually.
“In today’s challenging economic climate, companies are looking to technologies that can help them achieve tangible business improvements with a quick ROI,” said Eric Musser, CEO, OpenSpan. “With our unique approach to integration, OpenSpan provides quick business wins with very minimal service requirements. As organizations look to capitalize on existing resources to drive further business improvements, we expect our success to continue throughout 2009.”
Driving Down Integration Costs
OpenSpan enables its customers to rapidly build and deploy solutions while minimizing the services investment commonly associated with integration projects. On average, companies spend three to five times the cost of license revenue for services. In nearly all 2008 deployments, OpenSpan’s services revenues accounted for less than one-third of license revenues. Organizations adopting enterprise integration platforms to expedite and reduce the cost of server-side integration projects are increasingly choosing OpenSpan to achieve the same value for desktop and other legacy applications.
Year in Review
OpenSpan signed a number of key partnerships in 2008, including agreements with TIBCO, Software AG, IBM Lotus and Oracle, extending the value of these solutions to enterprise desktop environments.
The OpenSpan Platform received two major upgrades in the past 12 months. The OpenSpan Platform SOA Desktop Edition enables legacy applications, including those residing on desktops, to become consumers of Web Services without requiring access to, or modifications of, legacy application source code. The OpenSpan Platform v4.0 and Virtual Broker enable organizations to service-enable legacy applications and move them off a user’s desktop altogether.
OpenSpan expanded its global footprint in 2008, opening an EMEA office in London in November. The company named software industry veteran Eric Musser to CEO and secured $13 million in C-round venture capital funding from FTVentures, Globespan Capital Partners, Matrix Partners, Sigma Partners and Imlay Investments. OpenSpan also received a number of industry awards in 2008, including the SIIA CODiE Award for Software Newcomer of the Year and an Editors’ Choice Award from Redmond magazine.
About OpenSpan, Inc.
Global 2000 enterprises leverage the OpenSpan Platform to integrate applications, service-enable legacy systems, automate business processes, extend functionality and build new composite applications in order to realize immediate value on their IT investments. OpenSpan is now deployed on more than 100,000 enterprise desktops, helping customers accelerate service-oriented architecture (SOA) projects and increase enterprise desktop productivity. The OpenSpan Platform will support more than one billion customer support calls in 2009, saving organizations more than $100 million. A venture-backed company, OpenSpan is headquartered in Alpharetta, GA. More information about OpenSpan is located online at www.openspan.com.