TMCNet:  SOA Software Announces 52% Revenue Growth

[February 04, 2013]

SOA Software Announces 52% Revenue Growth

(Marketwire Via Acquire Media NewsEdge) LOS ANGELES, CA -- (Marketwire) -- 02/04/13 -- SOA Software, a leading provider of Enterprise API Management and SOA Governance solutions, today announced a 52% increase in its 2012 revenues versus the prior year. With expansion into new international markets, the development of an enterprise API management solution, and deeper engagement with developers and strategic partners, the company realized a very successful year.


"This past year was one of incredible growth for us, in several ways," said Paul Gigg, President and CEO of SOA Software. "We expanded into Europe, the Middle East and Africa, delivered the industry's most reliable and usable enterprise API management product, and continued to serve customers with our leading API and SOA platform solutions. We are uniquely well-positioned to continue to deliver on the incredible demand for merged SOA and API solutions, that are highly functional, easy to use and enterprise ready." SOA Software's impressive growth in 2012 reflects an increasing demand by enterprises to use Web services to connect with customers, recognize productivity gains and increase cost efficiencies. As the idea of the API Economy continues to be embraced in the market, SOA Software developed solutions that provide organizations with effective ways to plan, build, run and share enterprise services and APIs across their own and partners' systems. The company announced earlier in the year that more than 50 billion transactions were enabled by SOA Software solutions in 2012. "Clearly, the API Economy is the environment in which smart organizations are working," said Gigg. "We've been the prime enabler of this new way of conducting business." Among the areas in which the company saw massive growth and change were the following: CustomersAs part of the outstanding year, SOA Software established relationships and deepened ties with many Fortune 1000 companies. The company now numbers, among its customers, the following organizations: 3 of the 5 largest global pharmaceutical companies 1 of the 2 largest international BioPharma companies 2 of the 5 largest t global insurance companies The top retail drug/pharmaceutical company in the world The world's largest shipping company The top 2 banks in the United States The top title insurance company in the United States 3 of the top 5 airline companies in the United States 1 of the top 2 United States railroads The largest private pension plan in the United StatesProduct InnovationAs has been standard for the company, SOA Software stayed on top of customer demand and delivered new and innovative products in 2012. In November, the company launched two important solutions to help enterprises deliver API solutions. The Enterprise API Platform addresses enterprise requirements across the entire API lifecycle and helps organizations reach new channels and gain a significant business advantage. Also delivered by the company was SOA Software Open, the industry's most scalable and capable API developer platform. This free developer community offers users a real-world, viable solution for their API Management needs without the kind of unrealistic functional and capacity limits imposed by other solutions.

PartnershipsThe company received Microsoft Gold ISV certification and launched a new product specifically designed for Microsoft's Windows Communication Foundation (WCF). SOA Software's long-standing relationship with IBM was solidified with the release of Policy Manager for DataPower. The new "ready-to-use" SOA governance solution builds on the company's extensive experience integrating SOA run time components, reduction of administrative overhead, and ensures consistent policy and service definition. The company also continued their Advanced Partner status with strategic partner RedHat and also established a new partner relationship with VMware.

AwardsSOA Software was recognized in 2012 for product and corporate leadership. The company was recognized as a "Leader" in two Forrester Research Waves -- reports on Integrated SOA Governance and SOA Life Cycle Management. SOA Software was named as a key vendor dominating the Global SOA Governance market 2011-2014 and was honored as one of the most innovative companies of 2012. As a result of positive reviews of their SOA Software Enterprise API Platform, SOA Software received Gold status by Golden Bridge Awards for API Management. The USCA awarded the company the top recognition in the Unified SOA Governance and API Management category. At the executive level, Executive Vice President and General Manager Roberto Medrano was honored by the Hispanic IT Executive Council as one of the Top 100 Influential people in Information Technology.

LeadershipSOA Software wrote and published the eBook, Building Successful APIs, based on its experience working with global corporations that are facing a transformation of IT requirements due to rapidly evolving business alliances and mobile device proliferation. SOA Software published several articles about APIs in prestigious publications including Forbes, Cloud Computing, and others (these included, Welcome to the API Economy and SOA and the Cloud: Why your Cloud Applications need SOA. The SOA Software blog became an industry-leading resource for information about APIs and SOA Governance with the publication, in 2012, of 36 blogs. SOA Software CTO Alistair Farquharson and SOA Software executives were keynote presenters at a variety of leading industry conferences. SOA Software is the first to converge API and SOA with Application Services Governance. Application Services Governance leverage SOA as the foundation for APIs to build better business applications.

International and US ExpansionAdding to SOA Software's improved bottom line was a major expansion into new markets. In addition to an established presence in the UK and Africa, the company opened new offices and added new sales, marketing and development teams in a variety of global locations. In Australia and New Zealand, a new team is addressing the needs of large banking, telecommunications and government customers. SOA Software improved its footprint in EMEA with a new base of European operations in France. With inroads in so many parts of the globe, SOA Software is well prepared to continue growth in the coming years.

About SOA Software SOA Software is a leading provider of Enterprise API Management and SOA governance products that enable customers to plan, build, run and share enterprise services and APIs. The world's largest companies including Bank of America, Pfizer, and Verizon use SOA Software products to harness the power of their technology and transform their businesses. Gartner placed SOA Software in the Leaders Quadrant for the 2011 "Magic Quadrant for SOA Governance Technologies." The company is also recognized as a "Leader" by the Forrester Research Waves for Integrated SOA Governance, SOA Management, and SOA Life Cycle Management. For more information, please visit http://www.soa.com.

All product and company names herein may be trademarks of their registered owners.

SOA Software, Community Manager, Policy Manager, Portfolio Manager, Repository Manager, Service Manager, API Manager, and SOLA are trademarks of SOA Software, Inc.

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