Software Publisher Caps Year With Record Customer Wins and Industry Accomplishments
SAN JOSE, CA--(Marketwire - Feb 15, 2012) - Tensoft www.tensoft.com, a leading revenue management, supply chain solution and ERP SaaS provider for the technology industry, announced today a 24% growth rate in annual billings for calendar year 2011, derived by a solid increase in recurring revenue from its Cloud-based offerings. The company also showed record increases in the number of new customer wins, expanded Cloud-based product offerings, earned multiple awards and certifications, and participated in a number of notable industry events. The company's success is notable in a year that saw many similar businesses lose market share and cut back on their investment activities.
"Having hosted applications since 2005, Tensoft made a concerted company decision to re-energize its web native software strategy on Cloud-based offerings during the trough of the recession in 2009 when it was unpopular to make tough investment choices," said Tensoft President and CEO Bob Scarborough. "As a result, we are now more than two years ahead of a number of our competitors and enjoying double digit SaaS billings growth."
Notable highlights from 2011 include:
About Tensoft
Tensoft provides business management applications to manage industry-specific business processes for the semiconductor, technology and software industries. Tensoft's business-ready solutions extend broad, horizontal ERP functionality to complete the most vertically demanding, high tech needs through critically relevant content, domain expertise, embedded best practices and performance analytics. For over 15 years, technology companies worldwide have relied on Tensoft software and cloud-based services to power and improve their operations. Tensoft is an award-winning, applications company headquartered in Silicon Valley with sales and support offices throughout the U.S., Europe and Asia. For more information, go to www.tensoft.com or call (888) 450-4030 x406.