VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 14, 2014) - Monexa Services Inc. (Monexa), a pioneer of SaaS enterprise billing and commerce solutions, is pleased to report 2013 as a year of pivotal success and record growth. Highlights include a validated business-to-business focus, the addition of new talent, recent capital investments, and key enterprise customer wins.
Monexa boosted its profile within the cloud billing and commerce market via a sharpened focus on enterprise B2B organizations. This strategy was well-received by the market, as Monexa saw considerable success in securing many enterprise accounts, including technology giant Cisco Systems Inc., directly competing against other top industry players. Furthermore, independent research commissioned by prospective customers placed Monexa as the leader in the enterprise billing space. Monexa translated this customer success into key equity financing from leading early-stage investment firm, Yaletown Venture Partners. This investment has allowed Monexa to more than double their research and development efforts in late 2013 and carrying over into 2014.
Management Team Update
Monexa's achievements this year were made possible by the company's world class team. Adding to this talented group, Monexa recently welcomed Vik Kambli as Vice President of Marketing. Vik will provide leadership in enterprise product marketing and strategy, capitalizing on his background in consulting and years at Microsoft where he held a variety of marketing leadership roles across the organization.
The team's reputation for results will be vital in bringing success to the company's 2014 initiatives. The main focus of which will be continuing to expand the enterprise customer base through a superior product offering as well as the professional services capabilities to ensure that customers get to benefits realization as quickly as possible. Monexa will also continue to build on key product strengths in 2014. This includes the release of an events-driven engine that will drive seamless message integration to enterprise systems and provide a base for transparent customer communications. Customers can also look forward to greater outbound API integration, providing seamless interaction with mission critical systems, and a cleaner, simplified user interface.
"With the positive responses from the enterprise B2B market last year to our products and services, it's been extremely rewarding to know that we're on the right track," said Barry Yates, President and CEO, Monexa. "We've built a solid foundation for sustainable growth and put in a strong management team that has not only delivered in 2013, but will continue to deliver innovative, easy-to-use solutions to further capture market share in a rapidly emerging space."
About Monexa Services Inc.
Founded in 1998, Monexa is in the business of helping organizations drive results and reduce complexity through smarter enterprise billing. Monexa provides more timely, transparent and customer friendly billing solutions that enable organizations to react quickly to market changes while transforming billing into an innovative and positive experience for their customers. For more information, please visit www.monexa.com.