Rigor Kickstarts 2017 with 21st Consecutive Quarter of Revenue Growth and $1.5 Million Credit Facility from Silicon Valley Bank

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Rigor announces new financial relationship with Silicon Valley Bank on the heels of record revenue growth due to strong market appetite for recently released API monitoring solution.

Rigor Inc, a leading provider of digital experience management solutions, today announced its 21st consecutive quarter of net new revenue growth for its fiscal quarter that concluded in March of 2017. On the back of a strong reception for its recently released API monitoring solution, Rigor increased new bookings 61% over the prior year and grew total revenue tied to API monitoring over 1000%. Since its release in 2016, Rigor’s API monitoring suite has received glowing reviews from startups to enterprise organizations such as Lookout, ParkMobile and Ticketmaster.

In addition to Rigor’s Q1 growth, the formalization of a new business relationship with Silicon Valley Bank solidified a dynamic beginning to the fiscal year. Privately funded to date, Rigor secured a $1.5 million line of credit from SVB to invest ahead of growth and ensure that Rigor is primed to meet the demands of the rapidly growing digital experience management market for 2017 and beyond.

“Rigor has attained a market leadership position with an impressive portfolio of solutions for managing digital experience,” said Dale Kirkland, Managing Director for Silicon Valley Bank in Atlanta. “We’re excited to partner with Rigor on this credit facility as the company continues to raise the bar for digital experience management around the globe.”

Q1 Milestones include:

  • 21st consecutive quarter of revenue growth
  • The addition of new powerhouse brands including: Michael Kors, Teradata, Carter’s, and News Corp
  • Strong expansion business from existing customers with transactions from Nordstrom, Hearst Corp, and Ticketmaster
  • Named among Atlanta's fastest growing private companies for the 3rd consecutive year, Pacesetter Awards.
  • New financial relationship with Silicon Valley Bank

“Our strong fiscal start to 2017 demonstrates the value of our increasingly differentiated offerings versus our competitors. Rigor is committed to working collaboratively with our customers to deliver innovative solutions that solve their most challenging digital business problems,” said Craig Hyde, CEO of Rigor. “We believe the combination of our customer-focused approach, leading technology, best-in-class customer service, and commitment to sustainable growth fueled by strategic business partnerships, such as that with Silicon Valley Bank, primes Rigor for long-term success.”

About Rigor
Rigor is the new frontier of digital experience management. Rigor's SaaS platform enables businesses to develop and deploy fast and reliable customer experiences online with agility, efficiency, and confidence. Rigor is trusted by hundreds of businesses to proactively manage their digital performance and strategically improve their customers’ digital experiences. Rigor customers include: Ulta, Carter’s, TOMS, Abercrombie & Fitch, The Weather Company, Allrecipes, Ticketmaster, Michael Kors, Teradata, and CBS. Rigor is privately held and headquartered in Atlanta, Georgia. For more info about Rigor visit: rigor.com

About Silicon Valley Bank
For more than 30 years, Silicon Valley Bank (SVB) has helped innovative companies and their investors move bold ideas forward, fast. SVB provides targeted financial services and expertise through its offices in innovation centers around the world. With commercial, international and private banking services, SVB helps address the unique needs of innovators. Learn more at svb.com.

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