Compiere Reports Record Revenue and Partner Growth in Q4; Signs Largest Customer.Company Sustains Growth with More than 200 Percent Revenue Increase by Delivering ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. Marketplace Rapid ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). , Cost Reductions, Improved Productivity REDWOOD SHORES, Calif. -- Compiere, Inc., the global leader in open source business solutions, last month closed an unprecedented year of growth with a strong fourth quarter, during which the company reported revenue growth of 216 percent in Q4 2008, compared to Q4 2007. Compiere also achieved significant increases in subscriber and partner numbers for Q4 2008, with 116 percent and 69 percent growth respectively, compared to the same period in 2007. The company now has partners covering 40 countries in every continent across the globe. The fourth quarter also delivered Compiere's largest customer in the company's 10-year history, France's most pervasive postal organization, La Poste La Poste is a company name. It can refer either to mail service of France, Belgium, Switzerland or Tunisia. See also
Compiere's strong growth numbers indicate the presence of a worldwide trend: Despite the economic downturn, companies are investing in IT projects that can help lower costs and improve efficiencies, without incurring the typical upfront costs and time-consuming implementations required by traditional ERP solutions. Don Klaiss, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Compiere said, "In today's business Today's Business is a show on CNBC that aired in the early morning, 5 to 7AM ET timeslot, hosted by Liz Claman and Bob Sellers, and it was replaced by Wake Up Call on Feb 4, 2002. environment, IT departments are expected to deliver more for less, with a rapid ROI measured in months, not years. Senior executives are willing to invest in this economic environment if they can drive down their capital and operational costs, improve productivity and customer service at the same time." Klaiss added that Compiere's comprehensive, low-cost, flexible ERP solutions based on open source technology help companies realize a ROI far more quickly than traditional offerings, while cutting costs and improving efficiencies, enabling companies to position themselves for long-term growth and sustainability. About Compiere, Inc. With more than 1.5 million software downloads, Compiere, Inc., founded in 1999, provides a comprehensive and adaptable a·dapt·a·ble adj. Capable of adapting or of being adapted. a·dapt a·bil web-based
business solution available on a low cost, open source platform.
Compiere's solutions, which earned InfoWorld's 2008 Best of
Enterprise Resource Planning See ERP. (application, business) Enterprise Resource Planning - (ERP) Any software system designed to support and automate the business processes of medium and large businesses. Bossie Award, enables a broad range of industries such as distribution, manufacturing, retail, health care, and professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. companies to improve productivity, lower costs, and improve customer service. With applications built on a revolutionary model-based development platform, the company offers commercial backing, support and services to its customers and global network of authorized au·thor·ize tr.v. au·thor·ized, au·thor·iz·ing, au·thor·iz·es 1. To grant authority or power to. 2. To give permission for; sanction: partners operating in more than 40 countries. Compiere is privately held and headquartered in Redwood Shores, CA. For more information, please visit www.compiere.com. |
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