CloudOne Exceeds 2015 Revenue Goal Six Months Ahead of Schedule

Share Article

Growing Demand for IoT Solutions Drives Customer Acquisition and Retention, Expansion in Global Markets and Staff Additions

News Image
The broad potential of IoT for enterprise users has allowed us to unlock and drive innovative solutions for customers and in turn has created a significant growth opportunity for CloudOne, said John Annakin, executive vice president of sales at CloudOne

CloudOne (http://www.oncloudone.com), a leader in delivering enterprise applications to the cloud and Internet of Things (IoT) services and solutions platform, today announced annual projections for 2015 monthly recurring revenue (MRR) were met and exceeded during the second fiscal quarter of 2015. Significant customer acquisition, international expansion, job creation and growing demand for IoT solutions have all been contributing factors to sustained growth.

As of June 30, 2015, the company cited it is on track for 100 percent growth in revenue year over year for the fifth year in a row. Additionally, key drivers to performance can be attributed to the following:

•Customer retention and growing enterprise client list. Over the past 12 months, CloudOne has signed agreements with a global automotive supplier, a leading health insurance provider, a major financial institution in the U.K., a Fortune 50 healthcare manufacturer and a multinational automobile manufacturer, among other Fortune 500 companies.
•International expansion. Headquartered in Indianapolis, CloudOne now has a presence in McKinney, Texas; Chicago; the U.K.; France and Germany.
•Increased staff. CloudOne grew their employment base by more than 50 percent from 2014. The team is projected to double again in 2016.

“We attribute our growth to our ability to cleverly enable customers to exploit cloud economics and global sharing without abandoning everything they’ve built,” said John Annakin, executive vice president of sales at CloudOne. “The broad potential of IoT for enterprise users has allowed us to unlock and drive innovative solutions for customers and in turn has created a significant growth opportunity for CloudOne.”

The news of CloudOne’s growth comes shortly after it was announced the company was named No. 4 on the Indianapolis Business Journal’s Fast 25, an annual ranking of the fastest-growing companies in the Indianapolis area. To see the full list, please visit http://www.ibj.com/fast25-2015.

About CloudOne
CloudOne helps the world’s best companies make their things for the Internet of Things. The company brings enterprise applications to the cloud, enabling global collaborative development, production and analysis of software and products in real time on individual, secure, private hybrid cloud environments. Trusted by leading brands, CloudOne’s scalable technology is supported by a team of experts and partners who share a passion for making it easier, faster and more economical to make things for the Internet of Things. For more information, visit http://www.oncloudone.com.

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Jennifer Chan

Nicole DelMastro
CloudOne
317.204.4957 x1023
Email >
@OnCloudOne
Follow >
Visit website