Microservices Expo Authors: Liz McMillan, Pat Romanski, Elizabeth White, Yeshim Deniz, Zakia Bouachraoui

Related Topics: Microservices Expo

Microservices Expo: Article

OpenSpan Achieves Sixth Consecutive Quarter of Record Revenue Growth

Increased Adoption within Financial Services, Telecommunications and Contact Center Markets Fuels Growth

OpenSpan announced record revenue for the sixth consecutive quarter. In addition, the company announced that revenues in the first half of 2008 exceeded those for all of 2007 and were fueled by several million dollar-plus deals that progressed from successful proof-of-concept and pilot projects to full production deployments. The record OpenSpan revenues were generated from a growing installed customer base as well as from more than a dozen new customers in the contact center, financial services, telecommunications and high tech markets.

Most significantly, OpenSpan continued to establish itself as a global software company with the resources and products necessary to support a growing worldwide customer base. OpenSpan has sold over 75,000 seats in the past 18 months and expects to double this amount over the next 12 months. To support this continued expansion, OpenSpan closed a $13 million round of venture funding and hired Eric Musser as its new CEO. OpenSpan also hired software industry veteran Steve Raby to lead and establish the company’s burgeoning EMEA presence.

OpenSpan experienced an especially dramatic increase in revenues during the past six months from enterprises within the global financial services industry. During a time of challenging economic conditions, OpenSpan has delivered rapid and substantive value for financial services enterprises; enabling them to integrate, automate and extend their software applications to drive productivity gains, improve customer service and increase revenues through enhanced up-selling practices.

“Customers continue to see the near immediate value of the OpenSpan Platform to streamline business processes and improve productivity for their employees,” said Eric Musser, CEO, OpenSpan. “Our tremendous financial success in the first half of 2008 is a testament to the hard work of our employees and the proven benefits of our technology. We plan to continue to invest in our future growth, bringing our customers more powerful platforms to accelerate their SOA deployments and streamline operations across entire organizations.”

In order to ensure speedy implementations and a high level of customer care to its growing global customer base, OpenSpan has established partnerships with software vendors and systems integrators in key markets. The company has announced new relationships with Oracle worldwide, as well as several European and Middle Eastern partners including Project Brokers, Malam Team and Workstream. The company also announced a new OEM relationship with Initiate Systems to improve interoperability with leading healthcare systems.

OpenSpan has received several prestigious industry awards in 2008, including the 2008 SIIA CODiE Award for Software Newcomer of the Year and 2008 Editors’ Choice Award from Redmond magazine. In addition, OpenSpan recently added significant new functionality to the OpenSpan Platform, which now offers enhanced SOA support and the ability to service-enable nearly any desktop, legacy or Web-based application.

For more information on OpenSpan contact Chris Poisson, [email protected] at Schwartz Communications.

More Stories By SOA News Desk

SOA World Magazine News Desk trawls the world of distributed computing and SOA-related developments for the latest word on technologies, standards, products, and services and brings key information to you in a timely and convenient summary form.

Comments (0)

Share your thoughts on this story.

Add your comment
You must be signed in to add a comment. Sign-in | Register

In accordance with our Comment Policy, we encourage comments that are on topic, relevant and to-the-point. We will remove comments that include profanity, personal attacks, racial slurs, threats of violence, or other inappropriate material that violates our Terms and Conditions, and will block users who make repeated violations. We ask all readers to expect diversity of opinion and to treat one another with dignity and respect.

Microservices Articles
Lori MacVittie is a subject matter expert on emerging technology responsible for outbound evangelism across F5's entire product suite. MacVittie has extensive development and technical architecture experience in both high-tech and enterprise organizations, in addition to network and systems administration expertise. Prior to joining F5, MacVittie was an award-winning technology editor at Network Computing Magazine where she evaluated and tested application-focused technologies including app secu...
Using new techniques of information modeling, indexing, and processing, new cloud-based systems can support cloud-based workloads previously not possible for high-throughput insurance, banking, and case-based applications. In his session at 18th Cloud Expo, John Newton, CTO, Founder and Chairman of Alfresco, described how to scale cloud-based content management repositories to store, manage, and retrieve billions of documents and related information with fast and linear scalability. He addresse...
Adding public cloud resources to an existing application can be a daunting process. The tools that you currently use to manage the software and hardware outside the cloud aren’t always the best tools to efficiently grow into the cloud. All of the major configuration management tools have cloud orchestration plugins that can be leveraged, but there are also cloud-native tools that can dramatically improve the efficiency of managing your application lifecycle. In his session at 18th Cloud Expo, ...
The now mainstream platform changes stemming from the first Internet boom brought many changes but didn’t really change the basic relationship between servers and the applications running on them. In fact, that was sort of the point. In his session at 18th Cloud Expo, Gordon Haff, senior cloud strategy marketing and evangelism manager at Red Hat, will discuss how today’s workloads require a new model and a new platform for development and execution. The platform must handle a wide range of rec...
Containers and Kubernetes allow for code portability across on-premise VMs, bare metal, or multiple cloud provider environments. Yet, despite this portability promise, developers may include configuration and application definitions that constrain or even eliminate application portability. In this session we'll describe best practices for "configuration as code" in a Kubernetes environment. We will demonstrate how a properly constructed containerized app can be deployed to both Amazon and Azure ...
SYS-CON Events announced today that DatacenterDynamics has been named “Media Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY. DatacenterDynamics is a brand of DCD Group, a global B2B media and publishing company that develops products to help senior professionals in the world's most ICT dependent organizations make risk-based infrastructure and capacity decisions.
Discussions of cloud computing have evolved in recent years from a focus on specific types of cloud, to a world of hybrid cloud, and to a world dominated by the APIs that make today's multi-cloud environments and hybrid clouds possible. In this Power Panel at 17th Cloud Expo, moderated by Conference Chair Roger Strukhoff, panelists addressed the importance of customers being able to use the specific technologies they need, through environments and ecosystems that expose their APIs to make true ...
In his keynote at 19th Cloud Expo, Sheng Liang, co-founder and CEO of Rancher Labs, discussed the technological advances and new business opportunities created by the rapid adoption of containers. With the success of Amazon Web Services (AWS) and various open source technologies used to build private clouds, cloud computing has become an essential component of IT strategy. However, users continue to face challenges in implementing clouds, as older technologies evolve and newer ones like Docker c...
CloudEXPO New York 2018, colocated with DXWorldEXPO New York 2018 will be held November 11-13, 2018, in New York City and will bring together Cloud Computing, FinTech and Blockchain, Digital Transformation, Big Data, Internet of Things, DevOps, AI, Machine Learning and WebRTC to one location.
DevOpsSummit New York 2018, colocated with CloudEXPO | DXWorldEXPO New York 2018 will be held November 11-13, 2018, in New York City. Digital Transformation (DX) is a major focus with the introduction of DXWorldEXPO within the program. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term.