Company Reports 91 Percent Subscription Run Rate Growth; Announces $50 Million Revenue Run Rate
SAN FRANCISCO, CA -- (Marketwired) -- FinancialForce.com, the leading cloud ERP provider on the Salesforce1 Platform, today announced another year of record growth. In FY 2014, the company grew its subscription revenue run rate by 91 percent year-over-year, bringing its total revenue run rate to $50 million. The company also reported that its global headcount has grown by more than 80 percent year-over-year, from 250 employees at the end of FY 2013 to more than 450 at the end of FY 2014.
FinancialForce.com made significant investments in 2014 in growing its sales organization and has fueled strong growth in the company's customer base across all market segments, particularly in the enterprise. Key customer wins include AECOM, Compuware, Hewlett Packard and Manhattan Associates.
"Our success indicates that ERP is no longer just a back office application. It is now front and center, alongside CRM, helping businesses create meaningful and positive relationships with customers and employees to grow their top and bottom lines," said Jeremy Roche, CEO of FinancialForce.com. "We are proud of what we accomplished in 2014 and are already deep into our 2015 mission to help global businesses unclutter their 'back office' to delight customers and better engage employees."
In FY 2014, FinancialForce.com expanded its management team by adding John Bonney as CFO, John Moss as General Counsel, Sam Loveland as VP of Customer Success and Charles Ashworth as VP of Employee Success. This year, the company received more than 13 industry awards including CRN's Enterprise App Award, San Francisco Business Times' Best Place to Work, Customer Magazine's CRM Customer Excellence Awards, CRN's Top 20 Cloud Vendor Award, Great Place to Work in the U.K., and Technology Services World's Best in Show Award. FinancialForce.com celebrated its fifth anniversary in September.
FinancialForce.com delivers ERP at Customer Speed?. Built on the Salesforce1 Platform, FinancialForce ERP equips customer-centric businesses with a unified cloud platform and all the applications necessary to grow both the top and bottom line. Our Financial Management, Human Capital Management (HCM), Professional Services Automation (PSA), and Supply Chain Management (SCM) apps allow businesses to increase the speed at which they operate and be more responsive along every touch point of a customer's journey. Founded in 2009 and headquartered in San Francisco, FinancialForce.com is backed by leading global institutions Salesforce.com, Advent International and UNIT4.
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