QL2 Closes in on 14 Consecutive Cash-Positive Quarters, Marked by Strong Revenue Growth, Strong Customer Renewals, and Continued Technology Innovation
QL2, the leading on-demand data access platform provider, today announced that it has achieved 14 consecutive cash-positive quarters.
Seattle, WA (PRWEB) June 16, 2009 -- QL2, the leading on-demand data access platform provider, today announced that it has achieved 14 consecutive cash-positive quarters. The company has executed key partnerships and industry initiatives, and customer renewals have remained strong. In addition, QL2 added key executive leadership to the team and continued its tradition of receiving competitive industry awards from leading third-party organizations, further solidifying its global leadership position in the on-demand data access marketplace.
In the first half of 2009, QL2 continued to see strong demand for accessible, manageable data, as evidenced by key financial and operational highlights, including:
| | - Experienced 14th consecutive quarter of positive cash flow
- Met increased demand for global data access solutions, serving 11 of the top 15 European airlines, and more than 100 airlines worldwide, as well as growing 100 percent with European rail companies so far in 2009
- Added key global companies in additional vertical and global markets to its list of subscribers, including Trip Linhas Aereas, Jazeera Airways, ADRIA Airways, Thrifty Australia, Iceland Air, Eurostar, Wataniya Airways, and Regional Compagnie Aerienne
- Added key strategic partnerships and joint solutions with leading organizations including Aviation Analytics, Tableau, Smith Travel Research, and JDA
- Released new product connectors to integrate with key data providers' technology. QL2 integrates with Sabre, Navitaire, JDA, Luftansa Systems, and AirRM Pricing and Revenue Management Systems
- Expanded its executive team: Vice President of Marketing Rosie Hausler and Vice President of Engineering Kerri Bumgardner joined a seasoned executive team that includes former venture capitalist and Chief Executive Officer Russ Aldrich and board members Bob Genise of Bouillion Aviation Services and Bill Tenneson, managing director for Digital Partners. In addition, Phil Sabin will join as CFO next month.
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Industry Leading Initiatives
Carlson Hotels Worldwide selected the QL2Hotels data access solution as the foundation for its groundbreaking Carlson Hotels Stay Night Automated Pricing (SNAP) initiative. The data that hotels need to consider in their revenue optimization initiatives is incredibly dynamic. Vital to successful analysis is access to the exact data they need, when they need it, which QL2 provides. QL2 will provide access to data on competitive and market dynamics for more than 700 Carlson Hotel properties in the United States and Asia Pacific.
Technology Innovation & Leadership
The QL2Hotels Unique Property IDs have grown to be the largest available hotel mapping database. Enabling QL2 customers to accurately compare properties across websites, the QL2 library of unique hotel property IDs contains nearly half a million unique hotel properties identified from nearly three million hotel listings across 750 websites. Every travel website has its own naming convention, so one hotel could be referenced numerous ways within different travel websites, making it impossible to have a baseline price comparison. Since there are no standardization efforts, prior to the QL2Hotels innovative search and mapping offering, customers were required to manually compare properties by jumping from website to website. The QL2Hotels Unique Property ID simplifies the process with a database that links thousands of properties across hundreds of sites by each site's unique property ID.
Third-Party Awards & Accolades
Most recently, QL2 was honored in KMWorlds's 100 Companies That Matter for the fourth year running and Trend-Setting Products for the third year. Named to the 2008 Inc. 5000 and 2007 Inc. 500 list of the fastest growing private companies and the 2008 Red Herring 100, QL2 is consistently recognized as a leader in the on-demand data access marketplace. A complete listing of awards is available at http://www.ql2.com/news/.
Thought Leadership
By growing its management team with industry veterans, QL2 is maintaining its status as an industry authority on Web and data technology. In April, Rosie Hausler joined QL2 as vice president of marketing, bringing with her nearly two decades of experience in developing and executing products and marketing strategies for SaaS and Web technology companies. Hausler has served as vice president of marketing at a number of trailblazing software start-ups, including those with SaaS and open source business models. Most recently, Hausler was the vice president of marketing for Likewise Software, and previously held positions at Tandem Computers (acquired by HP), Cisco Systems, Amazon.com, Junglee (acquired by Amazon.com) and Nsite (acquired by SAP).
In June, Kerri Bumgardner joined QL2 as vice president of engineering, bringing with her a wealth of technical experience and proven experience in the retail marketplace. During her two decade tenure with Nordstrom, Kerri led a team in the implementation, change management, and overall technical and customer support of a large Perpetual Inventory system. Over the course of her career, Bumgardner managed teams of more than 100 IT staff personnel and was responsible for data integrity, audits, and controls for the merchandising systems, including Sarbanes-Oxley, PCI, HIPAA, and annual reviews with corporate auditors. Her work earned her accolades across the Fortune 500 Company, and she was a top 500 executive in a company of more than 50,000 employees.
Next month Phil Sabin will join QL2 as CFO with more than 25 years of proven business experience in finance and accounting. Phil's background includes retailer Sur La Table. In addition Phil was responsible for acquisition integration at Amazon.com and served as Controller for publicly held Pathways Group where his responsibilities included managing SEC filings.
Solutions Across Verticals
With more than 100 airlines as customers, QL2 is established as a global leader in providing data to the travel industry, delivering manageable, actionable data on airfare, hotels, rental cars, vacations, secondary ticket market, cruises, railroads, and gasoline. Additionally, QL2 offers a breadth of solutions to multiple verticals across retail and consumer products and life sciences. From the extremely price-focused world of travel and retail merchandising, to the complex regulatory and competitive life sciences environment, QL2 provides the perspective to plan, implement, and adapt an effective market strategy.
About QL2 Software, Inc.
QL2 is the leading on-demand data access platform provider that delivers the right data in the right format at the right time. Organizations that depend on market information as part of their commerce strategy rely on QL2 to gain vital access to quantitative data on products and markets. QL2 lets customers quickly understand their market and make critical changes to stay aligned with their strategic objectives.
More than 270 clients in 40 countries depend on QL2 Data as a Service (DaaS) solutions for accurate and reusable data on market, channel and product mix, competitive positioning, and industry specific markets. The QL2 client-roster includes more than 100 airlines, three of the top five global pharmaceuticals, and market leaders in retail, consumer products, and life sciences. Founded in 2003, QL2 was named to the 2007 Inc. 500 and 2008 Inc. 5000 list of the fastest growing private companies, the 2008 Red Herring 100, and has been included in KMWorlds's 100 Companies That Matter for the past four years and Trend-Setting Products for the past three years. For more information, please visit www.QL2.com.
Contact:
Rosie Hausler | QL2 Software, Inc. | 206-859-4224 | rhausler (at) QL2 (dot) com
Kim Angell | Schwartz Communications for QL2 | 415-512-0770 | QL2 (at) schwartz-pr (dot) com
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QL2 Spin
from Tech flash on Jul 22, 2009
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A growing organization with a shrinking sales force??? Heard QL2 only has 7 salespeople and a dead biz dev program. Seems like there was a significant reduction in salesheads from 2008. 20th century venture spending habits with more senior management than
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