Liferay Reports Another Year of Double-Digit Growth
Enterprise portal leader grows revenue by more than 50 percent in 2012
LOS ANGELES, Calif. — (February 27, 2013) — Liferay, Inc., provider of the world's leading enterprise-class open source portal, announced an impressive year of growth that included a greater than 50 percent increase in revenue as well as continued expansion in its community and business ecosystems. The company attributes its 2012 success to significant gains made through opportunities in the financial services, health care and government sectors around the world.
The open source leader, whose revenue is mainly derived from sales of Liferay Portal Enterprise Edition (EE), its flagship product, saw healthy growth of existing client contracts and key wins in new projects. Last year's most popular use cases of Liferay Portal were as collaborative intranets and customer portals, notably in the health care and financial services industries.
"I'm very pleased to announce another successful year, delivering Liferay's solutions to clients around the world in sectors adopting open source at a high rate," said Bryan Cheung, Liferay's CEO. "Last year's growth is a testament to the Liferay platform's ability to address today's wide-ranging enterprise needs such as increasing customer engagement online and managing complex business content and processes. Liferay's persistent global growth in all areas, including customers, partners, and community members, doesn't show any signs of slowing down in 2013."
New offices that opened in the last year in London, Paris, Saõ Paulo, Tokyo, and the U.S. Midwest have been responding quickly to local demand for Liferay's products and services and have established strategic go-to-market partnerships. For example, Liferay U.K. delivered on a constituent self-service portal for the London Borough of Camden, the French office signed new partner Atos Origin, and the Asia-Pacific team closed major deals in the consumer electronics and telecommunications industries.
Liferay's open source community also experienced significant growth in size and activity. Liferay's 56,000 community members in 2011 grew to over 75,000 by the end of last year, and to date the community has already surpassed 80,000 members. The rapid rise in the formation of Liferay's user groups around the world—last year alone saw 20 user groups form—also points to the strength and vibrancy of Liferay's ecosystem.
For more information about Liferay and its products, please visit www.liferay.com.
Liferay makes software that helps companies create digital experiences on web, mobile and connected devices. Our platform is open source, which makes it more reliable, innovative and secure. We try to leave a positive mark on the world through business and technology. Hundreds of organizations in financial services, healthcare, government, insurance, retail, manufacturing and multiple other industries use Liferay. Visit us at www.liferay.com.