Compiere Closes Third Quarter with Continued Global Expansion and 195 Percent Growth
Growth affirms research indicating increased adoption of open source technology
Redwood Shores, Calif. – Oct. 7, 2008 – Compiere, Inc., the global leader in open source business solutions, this week closed a strong third quarter during which the company reports a 195 percent revenue growth for Q3 2008 compared to Q3 2007, as well as a 59 percent growth in subscribers. In addition, the company continued its global expansion by adding partners in North America, Europe, Middle East and Africa, and Asia Pacific regions.
Compiere's success comes at a key time in the open source marketplace, as new survey results reveal many companies are evaluating and adopting open source technology. In a recent Forrester Research survey, 17 percent of U.S. companies currently use open source software, and an additional 11 percent are presently piloting or plan to pilot the technology within the next 12 months. A newly released Survey Interactive study found that as many as six in 10 businesses in Europe regularly consider open source as an option during software procurement.
Don Klaiss, president and CEO, Compiere said, "As market demand continues to grow for open source business solutions throughout the global community, Compiere is more dedicated than ever to providing leadership and technical innovation. The disruptive cost of owning a comprehensive ERP and CRM solution is becoming more compelling to an expanding global market."
Compiere's global partner network consists of systems integrators, application solution providers and value-added resellers that provide consulting, implementation and customization services to Compiere end users. Third quarter additions to Compiere's Authorized Partners include:
- North America
- AccLogic
- Intelestream - Europe
- Partners Associates Spa
- Synesis Technologies - Middle East & Africa
- Soft-Tech International
- Ojode & Company - South America
- Unisoft - Asia Pacific
- Bluestone
Compiere met additional key milestones during the third quarter, including 400 enhancements in its 3.1 product release, a new manufacturing module, support for Google's new Chrome web browser and recognition from InfoWorld magazine in the form of a Best of Open Source Software (BOSSIE) award.
About Compiere, Inc.
With more than 1.4 million software downloads, Compiere, Inc., founded in 1999,provides a comprehensive and adaptable web-based business solution available on a low cost, open source platform. Compiere's solutions, which earned InfoWorld's 2008 Best of Enterprise Resource Planning Bossie Award, enables a broad range of industries such as distribution, manufacturing, retail, health care, and professional services companies to improve productivity, lower costs, and improve customer service. With applications built on a revolutionary model-based development platform, the company offers commercial backing, support and services to its global network of authorized partners operating in more than 35 countries, is privately held and headquartered in Redwood Shores, Calif. For more information, please visit www.compiere.com.
