SOURCE: Clarizen

Clarizen

August 05, 2015 08:00 ET

Clarizen Closes Strongest Quarter in Company History

Collaborative Work Management Leader Celebrates Continued Enterprise Customer Growth, International Expansion and Increased Customer Renewals

SAN MATEO, CA--(Marketwired - Aug 5, 2015) - Clarizen, a leader in collaborative work management software, today announced continued enterprise momentum in 2015, with record-setting growth numbers, international expansion and industry accolades.

Clarizen recently closed its best quarter in company history, with significant growth numbers across all geographies. The company doubled the number of large enterprise contracts, and reported 74 percent year-over-year growth in total bookings. Significant customer wins include ABI South African Breweries, IMS Brogan, Virgin Mobile Mexico, and one of the top three largest consumer goods companies in the world.

Clarizen's global commitment to customer success translated into several key milestones in Q2. The company achieved its best services quarter, with more than 250 percent year-over-year professional services revenue growth. The company also reported a significant year-over-year increase in its renewal rate and reduction in customer churn. Finally, there was a significant increase in the year-over-year growth of expansions within existing customers.

"Our growth would not be possible without the partnership of our customers and their belief in collaborative work management," said Avinoam Nowogrodski, CEO, Clarizen. "They inspire our continued commitment to providing a 'white glove' customer experience and delivering first-class customer service to new, existing and potential customers."

The company has also strengthened its international presence, with dramatic employee growth of 50 percent during the last 18 months. In addition to announcing the opening of its new London office earlier this year, Clarizen recently announced its new US corporate headquarters in Silicon Valley, tripling the size of its previous location. Also, Clarizen marked its largest-ever Latin American quarter, with more than 100 percent growth during the past year. Clarizen reported across-the-board growth in the EMEA, Latin America, UK and APAC markets.

Additional 2015 Highlights:

  • In Q2, Clarizen expanded its customer support focus, with teams in three locations worldwide delivering 24/7 "follow the sun" service. The result: A 98 percent customer service satisfaction rating from customers.
  • Gartner positioned Clarizen in the Leaders Quadrant of the Gartner Magic Quadrant for Cloud-Based IT Project and Portfolio Management Services, Worldwide.
  • The company opened two new data centers in Europe (London and Amsterdam) to better serve its multinational and European customers.
  • The Spring 2015 release, the largest strategic enhancement to the platform since 2013, was announced featuring the all-new Reports and Dashboards module, and an expanded integration with Box.
  • Clarizen hosted its first-ever user conference, Clarizen@Work 2015, in San Francisco, attracting more than 400 attendees.
  • Clarizen was awarded a patent for its innovations in the collaborative workplace with Clarizen InterAct™, which enables automation of any project-related workflow through email.
  • The company launched an all-new customer community and support site, Clarizen Success, a one-stop knowledge base and training center.
  • Clarizen appointed Paul Roberts as VP EMEA, who joins the company from SAP, where he held overall strategic and operational responsibility for developing and supporting its cloud line of business in EMEA.
  • Clarizen was recognized as a 2015 Most Innovative Company in Customer Success by Gainsight at Pulse Conference 2015, the industry's largest gathering of customer success professionals.
  • Clarizen was named to Forbes' Top 100 Cloud-based Enterprise Software Startups 2015 list.

For more Clarizen company and product-related updates, subscribe to Clarizen's blog or visit: http://www.clarizen.com/about-us.html.

About Clarizen
Clarizen is a leader in collaborative work management, bringing together cross-company project management, configurable workflow automation and purposeful collaboration in an enterprise-grade platform. Clarizen unites teams, reduces unnecessary communication, and provides extensive visibility at all levels of the organization, so everyone can work more efficiently, adapt to changes and deliver results. Thousands of organizations across 79 countries, including dozens of the Fortune 500, rely on Clarizen's award-winning solution. The privately held company has locations all around the world, with regional headquarters in San Mateo, CA, Tel Aviv, IL and London, UK. For more information, visit www.clarizen.com.

Clarizen is a registered trademark and the Clarizen logo is a trademark of Clarizen Ltd. All other trademarks are the property of their respective owners.