SOURCE: xMatters

xMatters

June 13, 2016 15:18 ET

xMatters Closes Fiscal Year With Continued Record Growth, Propelled by Contracts With Vodafone and Other Fortune 500 Companies

Landmark Fiscal Year Includes the Launch of the Global Partner Program With Over 200 Global Partners, While Q4 Brought the Sixteenth Consecutive Quarter of Record Revenue Growth

SAN RAMON, CA--(Marketwired - Jun 13, 2016) - xMatters (www.xmatters.com), an intelligent communications platform that connects insights from any system to the people that matter in order to accelerate essential business processes, announced today it has become the fastest-growing notification provider for business disruptions. The company grew delivery volume of communications to IT professionals, employees and customers globally by 250 percent in the 2016 fiscal year. With the rapid adoption of its cloud-based products, the company has seen a 50 percent year-over-year subscription revenue growth for the fourth consecutive year.

The increase was driven in part by the launch of the Global Partner Program, which brought together more than 200 global integrators and partners to enable a communications layer across insights from any business system. xMatters also made its Integration Platform widely available during the 2016 fiscal year. The new platform connects business processes across modern and legacy technology systems, enabling customers to set up productive DevOps environments while maintaining traditional IT service management investments.

"2016 was a record-breaking, award-winning year for us and I couldn't be more proud of our team," xMatters CEO Troy McAlpin said. "Our intelligent communications platform has put us at the forefront of the DevOps revolution by helping companies to modernize their technology operations. We're excited to continue this important work breaking down communication barriers that exist in technology organizations."

Continued product innovation designed for actionable mobility, stakeholder communication and major incident management has enabled xMatters to relay messages faster with high precision, reducing Mean Time To Repair (MTTR) as much as 70 percent. By establishing escalation rules that identify which teams and employees should receive critical messages, xMatters has helped service desk call volumes drop up to 75 percent.

xMatters brought on more than 100 new customers in 2016, including international enterprises Vodafone, AXA Insurance, Danske Bank, Sony Network Entertainment, Molina Healthcare, The Telegraph and Essex County Council. During this time, xMatters held an industry-leading customer retention rate of more than 96 percent.

"Millions of customers rely on Vodafone for their communications and entertainment needs, so when any of its services go down, restoring service quickly is critical," David Jeal, Head of VGE IT Engagement and Portfolios at Vodafone, said. "Implementing the xMatters platform has resulted in faster resolution time & more proactive communication, leading to higher service satisfaction."

xMatters has expanded its team and infrastructure aggressively in response to the record growth. In 2016, xMatters added six new data centers in Australia, Singapore, Switzerland and the U.S. The company brought on Dave Reardon as SVP Sales and Samantha Loveland as VP Client Success and grew its global team by 30 percent. Fortune also recognized the company as the Best Medium Workplace in Tech.

About xMatters
xMatters is an intelligent communications platform that connects insights from any system to the people that matter in order to accelerate essential business processes. The platform automates, operationalizes and contextualizes communications within key DevOps processes, fundamentally altering the way business units work together. xMatters also supports enterprises with major incident and change management, alerting the right people on the right channels to time-sensitive events and problems like network outages, supply-chain disruptions, natural disasters and medical emergencies. Founded in 2000, xMatters is headquartered in San Ramon, CA, with additional offices in London and Sydney.

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