SOURCE: Clarizen

Clarizen

October 30, 2014 09:00 ET

Clarizen Experiences Explosive Growth in Third Quarter, Highlighting Rapid Expansion in Enterprise Segment

True Value, Sodexo and Top Three Retailer Choose Clarizen's Enterprise Work Collaboration Solution

SAN MATEO, CA--(Marketwired - Oct 30, 2014) - Clarizen, the leader in enterprise work collaboration software, announced significant growth across all geographies in the third quarter -- including customer wins with True Value, Sodexo and one of the top three discount retailers in the US. Other Q3 highlights include being named in JMP Securities' Hot 100 Software Companies list and the introduction of Clarizen's 2014 Summer Release, which contained new visualization, communication and usability enhancements.

Several large deployments of social licenses in Q3 demonstrated customer adoption of Clarizen's vision of the Work Graph, enabling companies to go from ideation to execution in a single tool. Average deal value per customer more than doubled, demonstrating larger deployments and adoption of Clarizen as the preferred work collaboration platform for the enterprise. In fact, the enterprise segment is the fastest growing customer segment for the company.

"I am delighted to report that we blew away our Q3 number and nearly doubled revenues in the Americas," said Avinoam Nowogrodski, CEO of Clarizen. "This is a testament to customers' enthusiasm for our enterprise work collaboration solutions, especially given that Q3 is typically slow for most enterprise software companies. None of this would have happened without our customers' belief in the power of enterprise work collaboration and the dramatic impact it can have on their operations."

Other Q3 highlights:

  • Clarizen was named to the JMP Securities Hot 100 Software Companies list for 2014. The report highlights the leading private companies in the software industry as identified by the software equity research team at JMP Securities, a full-service San Francisco-based investment bank.
  • The 2014 Summer Release delivered visualization, communication and usability enhancements to the award-winning Clarizen v6 platform. The newest features, many of which were requested by customers, further streamline work to help deliver bottom-line business results.

The Work Graph
The way most companies work is broken. First we build work groups, and then we engage in conversations, which may become actions and, ideally, these actions become deliverables. Each of these typically live in disconnected "islands" of activity, managed by different systems. Clarizen is different in that it connects these islands into a "work graph" that is organically created through the act of getting work done. The work graph enables collaboration that drives results, turning every organization into a high-performance, real-time operation.

About Clarizen
Clarizen is the leader in enterprise-class work collaboration and project management solutions that harness the power of the cloud to get work done efficiently, effectively and with better results. Fast to deploy and easy to use, Clarizen is redefining enterprise collaboration by connecting social context with tasks and projects to drive increased productivity and profitability. Clarizen fuels the high-performance teams of more than 2,300 organizations across 76 countries, including dozens of the Fortune 500. Most recently, Gigaom Research rated Clarizen at the top in its Sector RoadMap: process based collaboration in 2014 report. Founded in 2006, Clarizen is privately held with offices in San Mateo, California and Hod Hasharon, Israel. 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.

Contact Information

  • Media Contact:
    Alissa Vasilevskis
    BOCA Communications
    Email Contact
    (415) 738-7718 ext. 23