New Executive Leadership and Expanded Sales Team, New Customer Growth, New Product Capabilities and Integrations Have Contributed to Impressive Company Momentum for Cloudwords
San Francisco, August 11, 2015-Cloudwords announced today that, since the formation of an expanded executive team in December 2014, annual recurring revenue has tripled, average contract values doubled and the number of translation projects customers completed equaled that during the previous 12 months.
Illustrating this success, the company added many marquee customers to its growing roster, including Microsoft, Blackboard, Acronis, Anaplan, Holmes Place, Intralinks, PTC, Siteminder and Tektronix.
The new executive team appointments include: Tom Cameron as CRO, Jonathan Su as Vice President of Engineering, Tim Maloney as Vice President of Worldwide Channel Sales and Alliances, and Richard Harpham as Vice President of Marketing. During this period, the company has also tripled the size of its sales force and continues to expand its regional offices, with the latest opening in downtown Chicago.
Cloudwords continues to transform the translation automation industry by delivering new platform innovations to meet the content localization needs of its growing global customer base. Cloudwords company highlights for 2015 include:
- Launch of Seven Native Integration Capabilities: Including five leading enterprise file-sharing and collaboration providers, Box, Dropbox, Google Drive, Microsoft OneDrive, and SharePoint Online; a marketing automation platform, Salesforce Marketing Cloud (ExactTarget); and a Web Content Management system, WordPress.
- Launch of Cloudwords Free Edition: Increased traction for Cloudwords newest product offering, including a 400% customer growth rate during July.
- Industry Recognition for Technology Excellence: Named one of EContent's Trendsetting Products for 2015 for the second year in a row, as well as an AlwaysOn Global 250 Winner for the second year in a row.
- New Translation Automation Technology Innovations: Named one of EContent's Trendsetting Products for 2015 for the second year in a row, as well as an AlwaysOn Global 250 Winner for the second year in a row.
- Cloudwords for Apps: New platform capabilities to simplify and automate the process of localizing web, desktop and mobile applications for global markets.
- In-Context Review: A new capability designed to further enhance, simplify and accelerate the translation review process.
"Cloudwords' translation automation platform continues to help companies maximize opportunities for revenue in new and existing markets to grow global market share," said Scott Yancey, CEO of Cloudwords. "We are proud to deliver game-changing approaches and technologies that are disrupting the way companies manage multilingual communications on a global scale."
About Cloudwords
Cloudwords accelerates content globalization at scale, dramatically reducing the cost, complexity and turnaround time required for the localization of all marketing content. Cloudwords' enterprise-ready cloud-based software enables organizations to go global faster, engage multilingual audiences more efficiently, and generate increased demand and revenue in less time. Delivering strategic integration capabilities for all leading marketing automation and content management systems, Cloudwords is an integral partner in the localization process for Fortune 500 and Global 2000 companies worldwide, including Honeywell, Marketo, McDonald's, and Verisign. Headquartered in San Francisco, Cloudwords is backed by Storm Ventures and Cloud computing visionaries such as Marc Benioff, founder of salesforce.com. Visit www.cloudwords.com for more information and join the global conversation on Twitter @CloudwordsInc.
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Media Contact:
Sara Korolevich
Cloudwords
sarak@cloudwords.com
623.326.0881
