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PaperThin Experiences Record Growth : Grows Revenues, Expands Channel, and Maintains 95%+ Subscription Renewal Rate
Date:11/13/2008

PaperThin, Inc., the leading provider of ColdFusion Web content management solutions, today announced that its 2008 Q2 and Q3 revenues shattered all company records, having grown an average of more than 50% year over year. Furthermore, the company’s average deal size increased by more than 30%. A privately held company, PaperThin has been profitable since its inception in 1993. The company’s growth rate has well exceeded the analyst reported industry average of 15% annual growth. PaperThin attributes this growth to the strength of its Channel Partner relationships and its continued focus on customers, growth in professional services projects, and the strength of its product CommonSpot.

BOSTON (Business Wire EON) November 13, 2008 -- PaperThin continuously leverages its network of Channel Partners and has added seven new partners to date in 2008, including: BlackBarn Media, Digital Division, Imagistic, Najia Systems, roundpeg, Sanmita, and Winning Strategies—each of which is already engaged in PaperThin service projects. Long standing partners such as Figleaf Software have continued to play a key role in driving new business and in supporting Customers. Meanwhile, the company has also increased its own professional service engagements.

The company added new customers in each of its four key verticals, including: Sharp Healthcare and Meridian Health (Healthcare); the Environmental Protection Agency and Washington County (Government); American University and Penn State (Higher Education); WomanHeart and NACCHO (Association/Non-Profit); as well as global brand name organizations such as Hasbro, Franchise Services, and Abercrombie & Kent. PaperThin helps these and other organizations achieve more from their Web strategies and provide compelling Web experiences through the use of its flexible, scalable, and easy to use Web content management system CommonSpot.

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Source: PRWeb
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