It was a relatively good 2009 for many web content management vendors and Bridgeline (news, site) was no exception. The company announced record revenues and a nice increase in customer base for their fiscal year ending September 30, 2009.
Revenues, Customers, Licenses, Oh My
Yes, it seems Bridgeline Software had a good year last year. They saw an increase of 12% in revenues to US $23.9 million, with 63% coming from software subscriptions and perpetual licenses alone.
The amount of customers paying a subscription or monthly fee increased by almost a 100 from a year ago, and now boast 676 customers overall.
So what's all the hoopla about? It's about their iAPPS suite of products which included a number of new products and solutions last year alone:
- A new eCommerce module
- New Blogging Capabilities and SEO Enhancements
- Hosted Customizable Web Solutions
- Multi-Site Management and Improved Usability
Did we leave anything out?
WCM SaaS is Profitable
We could run you through all the numbers, but you can get that on their website. Suffice it to say that the SaaS model for web content management can be profitable if done right. And it does appear Bridgeline is doing something right.
The positive results may also demonstrate that last year many organizations were nervous about making long-term in house commitments to software due to the down economy and they looked to SaaS solutions to ease their worries and financial pains.
SaaS WCM is one of the web content management trends we will be following closely this year, so expect Bridgeline to stay on our radar.