JERSEY CITY, N.J., Oct. 15, 2014 /PRNewswire/ — Relayware, a SaaS-based provider of Partnering Automation software, today announced that it has undergone unprecedented business growth and expansion over the past year, establishing the company as the leader in the fast-growing Partner Relationship Management (PRM) marketplace.
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In September 2013, Relayware announced that it raised $5.5 million from Albion Ventures to fuel the company's sales and marketing engine, hire key executives and expand its operations in the U.S. with a new office and new staff. One year later, the company is reporting that it has met or exceeded many of its business goals, such as strong customer growth, an upgraded platform and industry recognition for its innovative Partnering Automation solutions.
Significant 2014 Growth Milestones:
- 41% New Customers: So far this year, Relayware grew its customer base by 41% in the first three quarters. New customers added include companies in web security, web conferencing, telecommunications, networking, data storage and backup, and other high-tech industries.
- 26% New Employees: Relayware grew its employee base by 26% — including key executive hires, such as Jim Somers as chief marketing officer and John Benecke as chief financial officer.
- Cited by Forrester Research, Inc.: The independent research firm named Relayware a "Strong Performer" in The Forrester Wave™: Partner Relationship Management (PRM) Platforms. Relayware received the top scores in the partner portal and mobile and tablet support categories, and received among the highest scores in the business planning category.
- Opened NY/NJ Metro-Area Office: In May 2014, Relayware opened a new North American headquarters in Jersey City, NJ, enabling the company to better serve its growing U.S. customer base.
- Awarded Government Grant: The company was the recipient of a UK government grant from the Technology Strategy Board in August 2014, allowing it to expand its R&D and further enhance its Partner Cloud platform and business rules engine.
- Added New Board Member: In September 2014, Relayware appointed Paul Brennan to its board of directors. With over 30 years of global business development experience in the IT sector, Brennan brings with him deep expertise with SaaS and cloud technologies.
"Relayware's strong momentum, including attracting top talent and developing innovative software solutions, is enabling the company to quickly scale and grow its customer base," said Emil Gigov, Albion Ventures partner. "As a shareholder and board member, I am very pleased to see Relayware's many accomplishments over the last 12 months, and look forward to continuing to work with the team to advance its strong leadership position."
Follow Relayware for updates on the company's exciting journey forward (@Relayware).
About Relayware
Relayware is a leading SaaS-based partnering automation company, serving hi-tech, manufacturing, telecommunications, financial services and insurance companies around the world. Providing a comprehensive range of partner-centric applications, including partner portals, training, sales and marketing packs that unlock the key to partner productivity, Relayware delivers greater partner engagement, productivity and return on indirect channel investment. At the core of Relayware is the Partner Cloud, a platform for deploying and integrating the communication tools that simplify and extend partner processes beyond the enterprise. Additional information is available at www.Relayware.com.
Media Contact: Allison Watters; Email; 201-433-2534