COPENHAGEN, Denmark, Nov. 21, 2016 /PRNewswire/ -- Sitecore®, the global leader in customer experience management, today announced that for the fiscal year ending June 30, 2016, the company once again delivered double-digit growth and profitability. Sitecore continues to innovate beyond its industry leadership in web content management (WCM) to take advantage of the broader digital transformation market. This is the sixth consecutive year the company has delivered double-digit growth above 20%.
Since the company's 2001 founding, Sitecore has worked with approximately 4,900 world-renowned brands including Carnival Cruise Lines, easyJet, American Express, and L'Oréal. Globally, Sitecore operates in three main regions – Americas, EMEA and Greater Asia -- with approximately 800 employees. In April 2016, Sitecore entered into an agreement to have EQT VII (EQT), a leading global private equity group, take a majority stake in the company which valued Sitecore at approximately EUR 1 billion.
With a partner-led and customer-first strategy, Sitecore has assembled a vast network of more than 900 implementation partners, 11,000 Sitecore certified developers, and 12,000 active members in its developer network worldwide. The company also has 1,200 members interacting daily at Sitecorechat.slack.com, 45 user groups around the globe, and 221 Sitecore Most Valuable Professionals who actively share their real-world expertise with other Sitecore users.
"We are thrilled with how customers and partners continue to adopt our context marketing platform so enthusiastically on a global basis," said Michael Seifert, co-founder and CEO. "Sitecore's built-from-the-ground-up-integrated platform provides marketers a 360 degree view of their customer, allowing delivery of a truly personalized brand experience in context, driving more revenue and greater customer loyalty. We remain very optimistic about Sitecore's growth in the years ahead, particularly as we continue to evolve our capabilities with machine learning (ML) and commerce which are all integral components of our platform today. Further, we saw the portion of revenues coming from subscription business increase with growth of approximately 160% for the last fiscal year, and we expect this trend to continue."
Sitecore is the global leader in experience management software that enables context marketing. The Sitecore® Experience Platform™ manages content, supplies contextual intelligence, automates communications, and enables personalized commerce, at scale. It empowers marketers to deliver content in context of how customers have engaged with their brand, across every channel, in real time—before, during, and after a sale. More than 4,900 brands––including American Express, Carnival Cruise Lines, easyJet, and L'Oréal–– have trusted Sitecore for context marketing to deliver the personalized interactions that delight audiences, build loyalty, and drive revenue.
Ryan J. Donovan
Sitecore and Own the Experience are registered trademarks of Sitecore Corporation A/S in the USA and other countries. All other brand names, product names or trademarks belong to their respective holders. Sitecore reserves the right to alter product and services offerings, and specifications and pricing at any time without notice.
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