Nexmo Reports Record-Breaking 2014 with 100% Volume Growth for Cloud Communications Disruptor
SAN FRANCISCO, Jan. 29, 2015 /PRNewswire/ -- Nexmo, the leading cloud communications company, today announced 2014 results, capping a banner year for the pioneer in mobile and cloud communications. With cloud-based communications at the forefront of the mobile revolution, Nexmo starts the New Year with 100 percent volume growth with 2.8 billion API calls in the last 12 months.
Having grown to over 100 employees, Nexmo continues to disrupt traditional communications. Nexmo APIs enable app developers and enterprises to reach customers globally via innovative mobile text-messaging and voice experiences.
In no industry are cloud-based services positioned to disrupt traditional offerings with a more powerful impact than in communication, the theme of International Data Corporation's (IDC) recent report: "Worldwide Cloud Communications Platforms 2014–2018 Forecast: The Resurgence of Voice and SMS" (doc #250224, August 2014). IDC forecasts that the cloud communications market will grow from global revenue of USD 123.4 million in 2013 to USD 7.5 billion in 2018, i.e. 127.5 percent compound annual growth rate.
As Nexmo continues to scale, the company has grown worldwide in 2014, with its services now used by over 80 percent of the successful over-the-top (OTT) apps in the market today. Other key clients added in 2014 include: Center for Disease Control, ChargePoint, L'Oréal Deutschland GmbH, Mozilla, NetApp, SaS, Thomson Reuters, United Nations, Voyage-group and Zipcar.
"Traditional communication platforms have high setup costs, including expensive equipment for voice communications, and lengthy contracts with carriers or aggregators for SMS communications," said Tony Jamous, CEO, Nexmo. "Conversely, cloud communications offerings combine the benefits of the cloud with the easy integration provided by APIs. We see 2015 as a groundbreaking year for the mobile messaging and cloud-based communications industry with exciting potential. Driven by improved quality-of-delivery, global reach, and local knowledge, we forecast broad adoption of cloud offerings next year."
2014 key growth statistics include:
- 100% volume growth in 2014 with 2.8 billion API calls, up from 1.4 billion in 2013;
- 85% revenue growth from 2013;
- Nexmo global reach increases to 239 countries and territories around the world;
- Nexmo works with 1,820 telecom carrier networks globally, up from 1,700 earlier this year;
- Nexmo's real-time analytics intelligently review over 900 million communication data points per month to optimize routes for Nexmo's propriety Adaptive Routing technology, up from 500 million data points per month in July.
- 70 new employees joined Nexmo in 2014, up from 30 at the end of 2013, totaling 100 employees worldwide.
The second half of 2014 also saw the launch of Nexmo Verify, the company's new global phone number verification and fraud prevention solution. Verify delivers vastly improved user acquisition and retention capabilities to developers and enterprises, as well as a better end-user experience, in a global market where phone numbers are becoming the main identifier for users.
Nexmo has also been expanding its global partnerships with international telecom carriers and mobile communication companies. Recent news includes strategic partnerships with BICS (Belgacom International Carrier Services), du, Telefonica O2, and Telkomsel, Three, and YTL Communications, among others.
Further, Nexmo recently appointed mobile and communications veteran Trevor Healy to its Board of Directors as Executive Chairman. Healy also now leads Nexmo's corporate development team and is charged with enterprise value creation, managing key industry relationships and will also be instrumental in identifying strategic investments and acquisitions.
Successful companies and apps such as Airbnb, Alibaba , Line, Viber, and WeChat use Nexmo for their business-critical, international communication needs. For customer success stories, please visit: https://www.nexmo.com/customers/.
About Nexmo
Nexmo provides innovative communication APIs that bridge traditional voice and text services with cloud communications. Nexmo enables applications and enterprises to make phone calls or send and receive text messages with ease to improve user experiences, no matter where in the world customers are located. High-volume communication companies such as Alibaba, Airbnb, Line and Viber send millions of messages per month using Nexmo APIs.
Nexmo was named to the 2014 CNBC Disruptor 50 list, the 2014 Hottest Companies in San Francisco by Lead411, and was recognized by analyst firm Gartner as a 2014 Cool Vendor in Communication Services. www.nexmo.com.
SOURCE Nexmo
Share this article