Intalio Reports Record Revenue and Momentum Heading into 2013
PALO ALTO, Calif., Feb. 4, 2013 /PRNewswire/ -- Intalio, the leading provider of solutions for businesses to build modern, agile cloud applications, announced record momentum to kick off 2013.
"As we closed out 2012, we saw record revenue across all aspects of the business. And now, we have an amazing level of new activity as we start 2013," said Raj Jain, CEO.
"With a 70% year over year growth rate, a nearly 80% renewal rate and new customers and partners across every geography and every product line, Q4 was our most successful quarter ever," said Jain.
During this quarter, Intalio introduced major releases of Intalio|bpms and Intalio|Create and an early adopter release of Intalio|Jetty v9. "Our products provide a modern way for customers to build business applications. In the last quarter, we moved the ball forward across all our product lines," said Antoine Toulme, Chief Architect.
Intalio also closed a new round of funding, including additional investments from current venture investors as well as VMware. "With a record Q4 and a new round of funding, we can make the appropriate investments to take advantage of our market momentum," said Marc A Friend, Chief Operating Officer and CFO. One of these investments is the launch of a new Intalio web site, introduced today. The new site includes new resources, better navigation and technology and a sharper focus of the business needs of our current and future customers.
You can see the new site at http://www.intalio.com.
About Intalio, Inc.
Intalio - The Modern Way to Build Business Applications™. Intalio's suite of products enables businesses, large and small, to rapidly build business applications that are cloud-scalable and mobile-enabled to support an agile response to their market. Our standards-based software can be found powering over 1000 businesses including some of the largest in the world like Deutsche Bank, General Electric, NTT, Irish Revenue Commission, Singapore Airlines, Facebook and Google. Intalio is headquartered in Palo Alto and has over 100 partners and world-class investors. To learn more about building modern applications, visit www.intalio.com.
Intalio is a registered trademark of Intalio, Inc. in the United States and other jurisdictions. Other names used herein may be trademarks of their respective owners.
SOURCE Intalio, Inc.