SOURCE: Hubspan

Hubspan

September 16, 2010 10:00 ET

Hubspan Setting Record Growth in 2010 Across Sales, New Customers and Transactions

Mid-Market to Fortune 500 Selecting Hubspan's Cloud-Based Platform for Secure, Scalable and Cost-Effective Business Process Integration and Real-Time Collaboration

SEATTLE, WA--(Marketwire - September 16, 2010) -  Hubspan today announced record growth across multiple areas of its business in the first half of 2010, including channel and direct sales, new customer acquisition, network connections and transactional volume. Hubspan attributes this growth to multiple factors, including its expanding channel strategy, strong customer retention rate and increasing adoption of cloud-based solutions. A leading provider of cloud-based business integration solutions, Hubspan enables companies to integrate business processes throughout the extended enterprise.

The company quadrupled new revenue from channel sales and doubled direct sales revenue in 1H 2010 compared to the same period last year, while adding new customers at twice the rate over previous years. Its strategic channel partners include IBM, Ariba, Visa and SciQuest, among others. Transactional volume increased by 65 percent, with an increasing number of transactions involving real-time (synchronous) messages. New network connections, which are end points or companies connected to the Hubspan cloud platform, grew by 75 percent year-over-year. This record growth was achieved while maintaining a 98% customer retention rate.

"Companies of all sizes are realizing the need to integrate and automate business processes with customers, service providers, cloud applications, etc., but struggle to achieve this due to the complexity of systems, applications and business policies," said Trisha Gross, President and CEO, Hubspan. "By leveraging the power of our cloud-based platform, Hubspan reduces the cost and complexity of business process integration, enabling a rapid ROI and real business results."

For its customers, Hubspan creates business process networks in the cloud that encompass thousands of connections, messages and business rules. These networks enable integration of critical business processes, such as order-to-cash, procure-to-pay, online catalog management, eCommerce punchout, real-time inventory and delivery services, and many others. Examples of Hubspan's business process community networks include:

  • More than 2,000 connections in the Hubspan Healthcare Community Network, covering Healthcare, Biotech, Life Sciences, and Pharmaceutical organizations

  • More than 5,000 connections in the Aviation / Aerospace Community Network

  • More than 1,000 connections in the Hubspan Public Sector Community, which includes local, state and federal government, school districts and governmental agencies

  • More than 5,000 SAP connections across all business community networks

For more information on Hubspan, go to www.hubspan.com.

About Hubspan Inc
Hubspan is the leading provider of cloud-based business integration solutions, helping companies automate business processes across internal and external communities. Hubspan's flagship solution is the WebSpan SaaS Integration Platform. An enterprise-class solution, WebSpan combines Hubspan's innovative, cloud-based platform and managed services with IBM WebSphere integration software. Thousands of companies, from small enterprises to the Fortune 500, successfully use the platform every day for secure, reliable and scalable business integration. WebSpan is available in packaged integration processes, from managed file transfer, PO, e-invoicing and punchout to full business processes, such as Supply Chain, Demand Chain, Advanced EDI and eCommerce integration. For more information, go to www.hubspan.com or email webspan@hubspan.com.