FatWire Software has been making waves in the Web Content Management world, and is now announcing that it's delivered its strongest year ever with record-breaking fourth quarter fiscal year 2007 results. FatWire has achieved an impressive 35 percent growth in total revenue for the quarter ending on December 31st 2007, driven by strong worldwide demand for its products and services
-- and all this growth coming from what is already the largest privately held WCM provider in the business.In year-over-year revenue growth, FatWire
grew a total of 21 percent. After weathering a slow first half, their 2007 software license revenue grew over 26 percent and year-over-year earnings before interest, taxes, depreciation and amortization (EBITDA) grew over 60 percent.
FatWire performed strongly throughout the year in the US, Europe, Asia and Australia, showcasing the effectiveness of their global business model and investments made around the world. Among these investments were several technology acquisitions and the acquisition of Australian-based reseller Future Tense
, which expanded the company’s global footprint and further extended its market leading position.
FatWire attributes a number of strategic choices to their successful year -- among them the release of new products and updates of existing products, the appointment of new leadership, and their acquisition of Infostoria
, a Web 2.0
collaboration and content integration provider.
Infostoria’s products complimented the FatWire Content Server product and created a new revenue stream with the introduction of the FatWire TeamUp product for enterprise 2.0 collaboration.
“The combination of a new strategy, a broader positioning, an expanded product line, and a stronger team has turned FatWire into a company that is well on its way to taking advantage of the opportunities that the web market presents,” said Yogesh Gupta, FatWire president and CEO. “As a result, FatWire’s results were the best in its history.”
The highlights of the year for FatWire include:
* The release of FatWire Content Server
, which extended FatWire's position as an front running web CMS provider.
* The introduction of FatWire Analytics, a new product that helps customers measure the effectiveness of their web sites.
* Gaining over 50 new customers and successfully delivering web sites for a top auto maker, top media company, top retailer, and top advertising company.
It's certainly been a good year for FatWire
and we wish them many more.