SOURCE: Aria Systems

January 05, 2010 08:00 ET

Aria Systems Announces Record Billings Growth for 2009

Subscription Billing Leader Drives Growth Through Customer Success

MEDIA, PA--(Marketwire - January 5, 2010) - Aria Systems, Inc. (http://www.AriaSystems.com), the leading provider of on demand billing and subscription management solutions, today announced record billings growth for 2009, driven by broad adoption of the Aria Billing and Subscription Management Platform, and the success that customers have achieved in implementing and growing recurring revenue streams by working with Aria Systems. 2009 also marked a year of significant milestones for Aria Systems in terms of product delivery, strategic partnerships, and corporate evolution.

Customer Success

-- In November, Aria Systems announced that from October 2008 to October 2009, subscription revenues grew more than 72 percent for Aria Billing customers. The incredible growth of sustainable, subscription revenues was enabled and supported by the capability and flexibility of the Aria Billing and Subscription Management Platform, and achieved during a time of profound weakening of the global economy.

-- Aria saw continued customer growth across a wide range of industries including financial services, telecommunications, consumer electronics, social networking, SaaS, media, gaming and more. Demonstrating the broad applicability of its billing capabilities, Aria is now managing subscriptions and billing for organizations that process fewer than 100 transactions per month, as well as organizations that process millions of transactions per month.

-- The company showcased key customer wins and new deployments at organizations like Hi-Rez Studios, an independent game developer, and IMN, a SaaS provider specializing in content-driven e-communication services for industry leaders like MetLife and Volvo Cars North America.

Company Achievements

-- Monthly Recurring Revenue (MRR), a key indicator of the health of a SaaS vendor, grew more than 300% in 2009. In the third quarter of 2009, Aria Systems was recognized for its rapid growth when it was named to the Philadelphia 100.

-- The company opened a Western U.S. Headquarters in San Mateo, CA, the heart of California's "Silicon Valley."

-- Aria Systems achieved SAS 70 Type II certification, the industry's highest standard for internal controls.

Key Partner Wins

-- Aria Systems delivered integration with Salesforce CRM, making it the only SaaS billing company integrated with Salesforce.com that has achieved both PCI DSS Level 1 Compliance for Billing Management and SAS 70 Type II certification.

-- NetSuite and Aria Systems announced product integration and a partnership to offer Aria's usage-based billing capabilities on the SuiteCloud Platform. Aria is now NetSuite's preferred partner for high-volume usage-based billing. For more information about Aria on NetSuite, visit SuiteApp.com.

-- Aria Systems established partnerships with additional payment processors including Chase Paymentech and Cybersource, offering tremendous flexibility for Aria customers. For more information, visit http://www.ariasystems.com/marketing/paymentprocessors/.

-- Work[at]play partnered with Aria Systems to create Velocity, a fully extensible and scalable virtual goods management and payment solution for online games, communities or any virtual world environment. For more information about Velocity, visit http://VelocityApp.com.

Rapid Product Evolution

-- Aria's team of billing industry veterans took advantage of Aria's pure SaaS architecture to rapidly deliver significant product enhancements. Version 5.0 of the Aria Billing and Subscription Management Platform added support for multi-level distribution channels, and a new graphical control panel to make it fast and easy for administrators to define product plans and services, manage accounts, and create ad hoc reports to understand product uptake and subscriber behavior.

-- Aria 5.3 delivered additional enhancements including improved marketing tools to drive subscriber adoption, new self-service account management capabilities to streamline the quote-to-cash process and automate contract renewals, and strengthened fraud management capabilities.

About Aria Systems

Aria Systems is the leader in on-demand billing and subscription management solutions. Since its inception in 2003 as the pioneer in SaaS billing, Aria has grown rapidly to manage millions of accounts in more than 236 countries and spanning a wide range of industries. The Aria Billing and Subscription Management Platform is the industry's most reliable, flexible and scalable on-demand platform for organizations looking to accelerate revenue capture while significantly reducing operating costs. Aria Systems also leads the market in security and compliance as the only vendor to have achieved both SAS 70 Type II certification as well as PCI DSS Level 1 compliance for the entire billing management process. Aria's team is comprised of industry veterans that have managed multi-billion dollar billing operations supporting millions of end user subscribers. . For more information about Aria Systems, visit http://www.AriaSystems.com or call 1-877-755-2370.

Contact Information

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    Tony Keller
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    O: 847-415-9329
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    tkeller@sspr.com