SOURCE: CrownPeak

May 02, 2006 08:00 ET

Customer Momentum Surges for CrownPeak; Closes Record Number of Deals in Q1 2006

LOS ANGELES, CA -- (MARKET WIRE) -- May 2, 2006 -- CrownPeak (www.crownpeak.com), the company that is defining the future of content management, today announced its positive customer and revenue growth for Q1 2006. A record number of organizations signed on for CrownPeak's software services for Web content management and site search in Q1 2006 including the world's largest hotel group, a number of magazine and Web publishers and myriad national, non-profit organizations.

CrownPeak has seen a 67 percent year over year quarterly revenue growth and Q1 2006 marks the company's 16th year of consecutive profitable quarters. Additionally, throughout 2005 and into the first quarter of 2006, more than 50 percent of customers decided to engage in an additional CrownPeak project or service. That fact, coupled with the company's 95 percent customer retention rate, is a testament to CrownPeak's superior customer service which includes 24x7 support, response times and dedicated support staff.

Additional highlights:

--  The Company's First-Ever Round of Funding: CrownPeak secured $4.25M in
    funding from Sigma Partners and Altos Ventures which will be used to
    accelerate marketing initiatives and further its leadership position in the
    content management industry.
    
--  Industry Recognition and Awards: CrownPeak was named to the EContent
    100 for the third year in a row; named a finalist in two SIIA Codie Award
    categories -- Best Software as a Service for CrownPeak Search and Best
    Content Management Solution for CrownPeak CMS.
    
--  Innovation Continues: CrownPeak unveiled its RSS and Content
    Syndication capabilities which support companies' new media initiatives by
    offering an easy and cost-effective way to automatically create and manage
    RSS feeds for their Web sites.
    
"This quarter was a great way to kick-off 2006. We attribute our success to our ability to meet the rising demand for software services that help online marketers and IT managers more effectively manage and deliver their Web sites," said Jim Howard, CEO of CrownPeak. "Throughout 2006, we expect this momentum to continue as we debut additional services and integration with strategic partners while upholding our unparalleled standard for customer service."

About CrownPeak

CrownPeak is defining the future of content management with its cost-effective, easy-to-implement software services for enterprise-level Web content management and site search. As the only solution to offer best-of-breed integration with ExactTarget, salesforce.com and WebTrends, CrownPeak's 360° Site Management gives Web site managers complete control over the critical functions involved in delivering a successful, revenue-driving Web site.

Enterprises and vertical organizations such as Crain Communications, Trek Bicycles, Hyundai Motors, the State of Virginia and the University of Southern California have realized the value in CrownPeak's 24x7 customer support and guaranteed response times. CrownPeak has been named to EContent's 100 most influential companies list, has won eWeek's prestigious Analysts Choice Award and InfoWorld's Product of the Year Award and has been named an SIIA Codie Award finalist for Best Content Management System every year since 2003.

Contact Information

  • Press Contact:
    Kevin Cartwright
    SHIFT Communications
    Phone: 415-591-8413
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