SAN FRANCISCO, CA--(Marketwire - Mar 5, 2013) - Granicus, the industry's leading provider of cloud-based solutions for government transparency, legislative efficiency, and citizen participation, today reported that it's continuing to experience strong sales and reoccurring revenue growth, achieving a 140% increase in year-over-year annualized contract sales and record sales in Q4 2012. This demonstrates continued demand in the government sector for technologies that help public agencies run smarter while connecting and collaborating with their community.
"Our strong sales growth in 2012 validates our leadership position and our capacity to introduce new product offerings that continue to meet government demands," said Tom Spengler, CEO and Co-Founder of Granicus. "This performance underscores our commitment to helping government improve the way they share information and collaborate with their community. Our ability to help agencies enhance efficiency in every part of the democratic process gives us a competitive edge. We're providing them with a better way to track and manage the entire public service lifecycle -- from community ideation all the way to the enactment of a bill," Spengler added.
Over the past six months, Granicus has been focused on meeting customer demands and driving growth by expanding the breadth and depth of its Citizen Participation Suite and Legislative Management Suite products. Granicus achieved record sales of the Citizen Participation solution in Q4 2012 with the addition 17 new customers to the platform. Similarly, Legislative Management Suite sales spiked to record levels in Q4 2012, increasing new customers by 68% over Q4 2011.
From a product standpoint, Granicus continues to release features that contribute to the company's consistent growth and profitability. For instance, Granicus recently rolled out new analytics, survey, and discussion forum tools in CivicIdeas™, a core product included within the Citizen Participation Suite. These tools are helping government agencies engage the public in their planning and decision-making process in a more meaningful and measurable way. The company also recently announced a new release of iLegislate, its industry leading agenda application for the iPad. iLegislate is helping agencies reduce paper usage by 75-100% through digital note-taking, PDF annotation, and live sync with Granicus' full suite of legislative and meeting efficiency products. These product innovations are allowing government agencies to manage their legislative workflows and analyze public feedback like never before.
Granicus, Inc. is headquartered in San Francisco. Its award-winning cloud platform and product suites are currently being used by thousands of local, state, and federal government agencies across the U.S. and Canada to establish meaningful connections with the public while reducing operational costs. For the past four years, Granicus been recognized for being one of the fastest growing company private companies in the U.S., San Francisco, and the Silicon Valley by Deloitte LLP, the San Francisco Business Times, and Inc. Magazine. Visit www.granicus.com for more information.