Kapow Technologies Exceeds Estimates For 2009; Poised For Growth Within Real-Time Web Data Services Market in 2010
Company Signs 400th Enterprise Customer, Closes 87 Deals, and Doubles Subscription Revenue Mix Last Quarter
PALO ALTO, CALIF. - Jan 19, 2010 – Kapow Technologies, the leading provider of Web data services enabling real-time business, today announced that the company achieved several milestones in the quarter ending on Dec. 31, 2009 (Q2 FY10), exceeding estimates set by the management team for calendar year 2009. These achievements include a 50 percent increase in new business revenue from the previous quarter (Q1 FY10) and doubling its subscription revenue mix when compared to the same quarter last year (Q2 FY09). In addition, Kapow signed 87 deals in the last quarter alone with global brands such as Bosch Siemens Home Appliances, Kaiser Permanente, Kroll, Deutsche Telekom AG and Deutsche Bank Securities. This brings the total number of enterprise customers using the award-winning Kapow Web Data Server to access, enrich and serve real-time enterprise and public Web data to 400.
“On-demand Web data is rapidly becoming the main barometer for companies to measure and respond to market conditions in real-time. This means that all BI tools and applications now require information from a dizzying array of Web sources,” said John Yapaola, CEO, Kapow Technologies. “Kapow enables enterprises to automatically access and make sense of this data - whether it comes from the Web, or within private clouds and intranets. Our momentum is indicative of Web data services technology truly becoming a part of mainstream business and market intelligence practices at companies across every major industry.”
Web Data Services Available to the Masses
During the quarter, Kapow Technologies formed a strategic partnership with StrikeIron to extend the power of Web data services and Kapow’s SaaS and Cloud offering to the small and medium sized business (SMB) market (see: http://kapowtech.com/index.php/strikeiron). With Kapow Web Data Server 7.1 any organization that demands enterprise-class Web data access and quality, regardless of size and data requirements, can now benefit from Kapow’s technology on a per use and volume basis.
A summary of Q2 FY 2010 highlights include:
- Signed 400th enterprise customer
- Closed 87 deals
- Grew quarter to quarter new business revenue by 50 percent
- Doubled subscription revenue mix year over year
- Formed strategic alliance with StrikeIron, bringing company’s SaaS and Cloud offering to SMB market
- Awarded Patent for query processing (US Patent Application No. 10/450, 792)
Kapow Technologies provides Fortune 1000 companies with award-winning technology for accessing, enriching, and serving real-time enterprise and public Web data. The company’s flagship Kapow Web Data Server powers solutions in Web and business intelligence, CMS content migration, SOA/WOA enablement, and portal generation. The visual programming and integrated development environment (IDE) technology enables business and technical decision-makers to create innovative business applications with no coding required. Kapow currently has more than 400 customers, including AT&T, Wells Fargo, Intel, DHL, Vodafone and Audi. The company is headquartered in Palo Alto, Calif. with additional offices in Denmark, Germany and the U.K. For more information, log on to www.kapowtech.com or call toll-free at 1-800-805-0828.
Carolina Grimm
Bateman Group for Kapow Technologies
(415) 503-1818, ext.16