LiquidFrameworks, Inc. Mid-Year Report Shows Significant Growth Among Sales, Product Development, and Internal Teams
Houston, Texas (PRWEB) July 25, 2013 -- LiquidFrameworks is excited to announce tremendous growth in the first half of 2013. This growth spans across sales, the FieldFX software suite, and internally into the expansion and creation of additional customer-focused teams within the company.
For the first half of 2013, we achieved a 316% year over year subscription revenue growth, including a 100% growth in multi-year agreements. Meanwhile, the renewal rate for existing customers has reached an all-time high. “Our sales numbers for the first half of the year have exceeded our own high expectations,” said Dave Levitt, Vice President of Worldwide Sales. “These results are testament to the value that our customers are getting from FieldFX. We doubled our sales force at the beginning of the year in anticipation of increased market demand for FieldFX and our first half results serve as a springboard for the rest of the year.”
The FieldFX product suite has expanded dramatically during the first half of 2013. Already this year, LiquidFrameworks has added two new modules to FieldFX and significantly enhanced the alert engine that runs throughout the application. LiquidFrameworks released the Timecards module in February, followed closely by the release of the Job Scheduling module in March, and the enhancements to the alert engine in June. “Significant time and effort goes into deciding what enhancements we make to FieldFX,” said LiquidFrameworks Founder and Chief Operating Officer Travis Parigi. “We communicate closely with our customers and try our best to exceed their needs and expectations. We always consider the benefits across operations, accounting, field personnel, and sales. The updates we’ve released this year really take FieldFX to the next level.”
“All of these achievements were made possible through the growth and expansion of LiquidFrameworks’ customer-focused teams,” said LiquidFrameworks President and CEO, Trent Derr. “We doubled our sales team to specifically address the growing demand among oil and gas, industrial, and environmental services companies. To continue to improve our product quality while we are expanding our products’ capabilities, we’ve also expanded our resource commitment to quality assurance. In line with our success in sales, we’ve expanded our Services team which includes both implementation consulting and support. As a result, our Services team has more than doubled, allowing for more individualized time with customers.”
The LiquidFrameworks FieldFX solution is a cloud-based mobile field operations software suite designed to manage contracts, quotes, equipment, jobs and field tickets along with customer-specific electronic forms such as safety incidents, inspections and other operational data reports. FieldFX was designed with field personnel in mind in order to increase usability and, therefore, make the implementation more successful.
To learn more about FieldFX and how operations management solutions can add value to your oilfield, industrial or environmental service company visit http://www.liquidframeworks.com.
About LiquidFrameworks
LiquidFrameworks is a leading provider of cloud-based mobile field operations management solutions serving the oil and gas, industrial, and environmental service industries. LiquidFrameworks’ FieldFX solution provides companies with numerous benefits, including increased and accelerated revenue capture, increased cash flow, improved contract compliance, increased invoice accuracy and improved customer responsiveness. LiquidFrameworks is based in Houston, Texas.
Media Contact:
Jennifer Harrington
(713) 552-9250
http://www.liquidframeworks.com
Jennifer Harrington, LiquidFrameworks, Inc., http://www.liquidframeworks.com, (713) 552-9250, [email protected]
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