Crisis, what crisis? Almost every Web CMS vendor who has to or chooses to publicize their 2009 financials is reporting growth and bright future. Some are even going public. OmniUpdate (news, site) joins this joyous bunch and says 2009 was a success in its higher education focused web content management segment.
Last year was marked for OU as a year of record sales revenues. Other 2009 highlights include:
- 28 new clients
- Existing customers increasing/renewing their service levels/terms
- 12 product releases with 16 additional capabilities and feature enhancements (e.g. multi-language preview, global find and replace, garbage can, Serena Collage conversion tool, Live Delivery Platform and others)
- Onboarding of integration partners
- Ability to deploy OmniUpdate's CMS -- OU Campus -- either traditionally or as SaaS
As with all privately-held companies, the amount of financial information being released is limited. For buyers looking to evaluate Web CMS products for higher ed verticals, record sales is probably a little too ambiguous to indicate the overall viability and stability of the company.
While growing revenue is good news, we’ll continue to watch OmniUpdate and update you on where these folks are headed.