SOURCE: YouSendIt

YouSendIt

November 15, 2011 06:00 ET

YouSendIt Announces Record Revenue and Customer Growth in the Third Quarter

Company Adds One Million New Users to Its Business Content Collaboration Service Each Month

CAMPBELL, CA--(Marketwire - Nov 15, 2011) - YouSendIt, Inc., a leader in business content collaboration services, today announced it has achieved record revenue growth in Q3 2011, driven by increased adoption among enterprises. The company has surpassed 23.5 million registered users, which represents a 65 percent gain over the third quarter of 2010. In addition, YouSendIt is adding one million new registered users every month. This includes 503,000 paid subscribers, up 97 percent over the third quarter of last year. As a result, company revenue grew by 66 percent over the third quarter of last year.

Trusted by Enterprises

YouSendIt continues to generate momentum in the market, driven by recent deployments in enterprises and organizations such as BlueScope Steel, Parker Drilling, PDC Energy, Remy Cointreau and State of Alaska.

"At the outset of this year, our goal was to continue building our user base, translate fast-growing individual adoption into company-wide deployments and expand our service to include valuable new enterprise-grade solutions," said Ivan Koon, CEO, YouSendIt. "Today, YouSendIt is used by professionals within 98 percent of Fortune 500 companies. We've seen increased adoption of our service from enterprises because we are helping companies to satisfy business users' needs without sacrificing the security and integrity of their enterprises."

With file expiry, user authentication, encryption of data in transit and at rest, identity verification and integration with Microsoft's Active Directory, YouSendIt meets IT's mandate for security. In addition, YouSendIt Directory Services Connector (DSC) integrates with Microsoft Active Directory to centralize user and group account set-up and provisioning -- whether the employee uses a PC, Mac, mobile device or accesses the service outside the corporate firewall. YouSendIt enables secure authentication and integrates with any existing password policy, including single sign-on and user identification during the set-up process.

Microsoft® Silver Competency Achieved

YouSendIt recently achieved Silver Unified Communications Competency in the Microsoft Partner Network, demonstrating its ability to meet Microsoft customers' evolving collaboration needs. YouSendIt seamlessly integrates with Microsoft Outlook and Microsoft Office to allow users to begin collaborating from within these widely used applications without launching another program. At the same time, YouSendIt ensures that IT can deliver a streamlined user experience, provide security controls and easily manage both on-premise and cloud collaboration environments.

Industry Recognition

YouSendIt was recently named one of Silicon Valley/San Jose Business Journal's 50 Fastest Growing Private Companies in Silicon Valley for 2011 based on its 181.1 percent growth in the last three years and was ranked No. 55 on Deloitte's Technology Fast 500 for achieving 2,201 percent growth since 2006. YouSendIt was also named one of the 2011 AlwaysOn Global 250 in the SaaS and Enterprise category by demonstrating significant market traction and delivering game-changing technology in mobile, cloud and SaaS computing.

About YouSendIt

YouSendIt, Inc. is the first business content collaboration service to offer an integrated approach for sending, sharing and signing documents online. With more than 20 million registered users in 193 countries, YouSendIt helps enterprises and business professionals streamline collaboration by enabling them to instantly sync and access content in the cloud and easily send files, share folders, and sign documents from anywhere -- the desktop, Web or mobile devices. YouSendIt offers a suite of productivity tools that integrate seamlessly into common desktop and mobile environments. With YouSendIt, companies can alleviate the burden placed on e-mail systems by offloading attachments in the cloud, improving performance and productivity while reducing costs and IT security risks. Headquartered in Campbell, Calif., YouSendIt is a privately held company backed by venture capital firms Adams Street Partners, Alloy Ventures, Emergence Capital, Sevin Rosen and Sigma Partners. Visit www.yousendit.com or the YouSendIt Blog for more information.

Contact Information

  • Media Contacts:
    Lori Shen
    YouSendIt, Inc.
    408-429-7132
    Email Contact

    Michelle Reingold
    Trainer Communications
    650-281-5866
    Email Contact