Company Signs 7 Figure Contract With Leading Global Retailer
New York, NY and Oslo, Norway, May 19, 2009 – Confirmit, the world’s leading vendor of software for Customer Feedback, Employee Feedback, and Market Research applications, today announced its first quarter results, delivering double-digit organic growth. Revenue from new clients for the quarter was at an all time high for the third consecutive quarter.
Highlights of Confirmit’s Q1 2009 performance include:
• A 7-figure contract with a leading global retailer for its Customer Feedback program
• The third successive quarter of record breaking new business growth
• Release of Confirmit Horizons, the world’s first fully On Demand multi-channel platform for Market Research, Customer Feedback and Employee Feedback
• Three-year contract with industry leader Rackspace to continue to manage the On Demand environment, delivering 99.995% uptime during the quarter.
“We’re pleased to see continued growth in our business despite a global economy that contracted during the first quarter,” said Henning Hansen, President and CEO of Confirmit. “This validates our contention that understanding the voice of those most important to your business, your customers and employees, continues to be a key driver of IT investment for Global 1000 businesses.”
Pat Molloy, Confirmit’s Chief Strategy Officer, commented, “The release of Confirmit Horizons as well as the first sales of the platform during the quarter indicates the need for a fully On Demand software platform for multi-mode research. Confirmit is now poised as the leading end-to-end software product to meet the needs of global Market Research agencies.”
Hansen concludes, “Confirmit continues to be a fast growing, profitable business with positive cash flow and no debt. With the demonstrated continued viability of our business we look forward to continuing to be the vendor of choice for global 1000 enterprises and market research agencies.”
Gary Schwartz, SVP Marketing, +44 7957 142 122
Pat Molloy, Chief Strategy Office, +44 1483 300 100
Confirmit is the world’s leading SaaS software vendor for Customer Feedback, Employee Feedback, and Market Research applications. The company has more than 200 employees and offices in Oslo (headquarters), Guildford, London, Moscow, New York, San Francisco, and Yaroslavl. Confirmit's software is also distributed through partner resellers in Barcelona, Kuwait City, Madrid, Milan, Santiago, Sydney, and Tokyo.
Confirmit targets Global 5000 companies and Market Research agencies worldwide with a wide range of software products for feedback / data collection, panel management, data processing, analysis, and reporting. Customers include British Airways, Countrywide Financial, Dow Chemical, Experian, GlaxoSmithKline, Halifax Bank of Scotland, Intrawest, Ipsos, Nielsen, The NPD Group, Safeco Insurance, Statoil Hydro, Symantec, and Virgin Media.
Visit www.confirmit.com for further information.
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