Episerver Reports 34 Percent Increase in Cloud Revenue, Calls 2017 its Year of “Hyper Growth”
The Company Maintains Strong Momentum and Hiring with Increased Demand for Cloud Solutions and New Products
After delivering record growth in 2016, Episerver, the company transforming digital experiences, saw continued business acceleration in 2017 as demonstrated by record revenue and bookings growth and continued expansion of its market-leading position.
Driven by strong market demand for its Digital Experience Cloud™ and several major product investments in artificial intelligence (AI) coming to market, the company saw cloud bookings grow almost 90 percent year-over-year for the fiscal year 2017. Further, the company reported that new subscriptions for its Digital Experience Cloud platform have now increased every quarter for the last two years.
During 2017, Episerver saw a more than 150 percent increase in North American cloud subscriptions as a result of its ongoing focus on developing market share within the region and continued to expand its global footprint with the introduction of the Digital Experience Cloud in the Germany, Austria and Switzerland (DACH) region. The company also built on the momentum of Episerver Campaign, a leading omnichannel campaign management solution and a new service as part of the Digital Experience Cloud by launching the service across the whole of the Europe, Middle East and Africa region and into North America.
The company also expanded its deep relationship with Microsoft during the year, rolling out Episerver Commerce for Microsoft Dynamics 365 and launching Episerver Commerce on AppSource, Microsoft’s premier destination to market and distribute apps, content packs and add-ins. Episerver customers such as Easons and Premier Design are among those who have already successfully implemented the combined Episerver and Microsoft Dynamics solution across a range of operational and transactional functions. As part of the same initiative, Episerver welcomed onboard a steady flow of Dynamics partners, including HCL Power Objects, ThinkMax and Prodware.
“The significant growth we saw in 2017 is a result of our clear vision for the future of digital transformation and consistent delivery on our promises to our customers and partners,” said Mark Duffell, president and CEO of Episerver. “Our growth trajectory shows no sign of slowing, and in fiscal year 2018, we will continue to deliver on our promise to provide our customers with a market-leading and unified platform that helps them to quickly deliver seamless and highly personalized digital experiences.”
Episerver’s strategy, capabilities and market presence in 2017 resulted in it being cited as a leader in the 2017 Forrester Wave for Web Content Management, its inclusion in all of Forrester’s Commerce evaluations and the 2017 Forrester Wave for Digital Experience Platforms. The Forrester reports called out that Episerver "has a strong commitment to the cloud and a platform that customers reported as agile," noting that customers Forrester analysts spoke with "praised the vendor's customer service and transparent vision."
Gartner also named the company a “Leader” in the 2017 Gartner Magic Quadrant for Web Content Management for the third year in a row and included Episerver in its 2017 Magic Quadrant for Digital Commerce and its 2017 Magic Quadrant for Multichannel Campaign Management.1
After a year of hyper growth and taking into account hiring plans for 2018, Episerver expects to see a 50 percent growth in its employee community over the two-year period. Additionally, to place further emphasis on its cloud operations and compliance initiatives in 2017, Episerver made the prominent addition of Microsoft veteran Sue Bergamo as the company’s first dual CIO/CISO and also appointed Episerver general counsel and vice president Peter Yeung as its first global data protection officer (DPO).
Episerver’s strong growth momentum supports its global customer community; a developer ecosystem now 39,000 members strong; and its implementation partner network, which counts some 880 digital agencies and systems integrators across more than 30 countries.
1 Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
The Gartner Reports described herein, (the "Gartner Report(s)") represent data, research opinion or viewpoints published, as part of a syndicated subscription service, by Gartner, Inc. ("Gartner"), and are not representations of fact. Each Gartner Report speaks as of its original publication date (and not as of the date of this Annual Report) and the opinions expressed in the Gartner Report(s) are subject to change without notice.
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Rachel Teitt Gill
Director of Corporate Communications, Optimizely
Sr. Public Relations Manager, Walker Sands