Zilliant Continues Growth and Momentum

Zilliant, the leading provider of price optimization and management solutions for B2B manufacturers, distributors, high-tech, and industrial service companies, today announced strong financial results for the second half of 2009. Despite slow economic conditions, the company increased total bookings by 41 percent and increased Software License bookings by 245 percent from the same period in the previous year. In addition, the company doubled its recurring revenues in the fourth quarter alone. Zilliant also gained 15 new customers with eight of those customers signing on with the company’s new subscription-based service offering. The company’s success is a direct result of its proven ability to meet market needs and improve customer profitability, which in turn has stimulated even greater awareness and long-term investment in B2B price optimization and analytic solutions.

“Our last quarterly postings clearly demonstrate the company’s responsiveness to changing market dynamics and customer needs,” said Greg Peters, CEO, Zilliant. “The fact that we tripled our new customers and doubled our recurring revenues in two quarters is a powerful endorsement of our enhanced value proposition. Such activity is a strong indicator of what we can expect to see for 2010.”

This entry was posted in Enterprise and tagged , by Bryan Menell. Bookmark the permalink.

About Bryan Menell

Bryan is the Managing Editor for AustinStartup and the Director of the Collaboratory at Dachis Group. He is a co-founder of Capital Factory, on the board of Texchange, and runs the popular Austin Tech Happy Hour with his wife. He advises early stage technology companies including Socialware, SpeedMenu, and AudiencePoint.

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