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During 2009, Bitrix registered worldwide revenue growth of 32% while keeping the EBITDA at 20% and CAGR (2005-2009) at 77,8%. The global installed base exceeded 30,000 projects while the customer list was reinforced by a number of both large enterprises and SMBs from various vertical markets. In the course of the year, the company signed contracts with VTB Bank (recognized leader in the Russian banking sector), Independent Media (publisher of world-famous Cosmopolitan, Vogue and other magazines), Gazprombank, Hyundai Motor, Kia Motor, Samsung Mobile, Xerox, Panasonic, Epson, Zurich Insurance, Oranta Insurance, Royal Canin and many others.
“We see companies, especially SMBs, are turning to the Internet as a natural opportunity to compensate the traditional business slowdown and increase the effectiveness of internal communications and collaboration,” said Dmitry Valyanov, President of Bitrix, Inc. “This is an opportunity for us to offer customers competitive solutions that can boost their online presence and create highly-productive enterprise-wide workspaces.”
2009 was a very positive year for Bitrix in terms of product development. The product portfolio was improved with Bitrix® Intranet Portal, a high-end Enterprise 2.0 software solution and Bitrix® Virtual Appliance, a ready-made platform to run Bitrix products in a Cloud/SaaS environment. The company also initiated launch of a new partner program and experience great success in channel development, widening its worldwide partner network to 4,000+ resellers, VARs, wed developers, hosting companies and service providers.
Since its foundation, Bitrix has followed a course of rapid but completely organic growth driven by a discerning sensitivity to the technical and practical needs of the market. The company experienced unmatched success in the Russian market, gaining a staggering market share of 65.3% according to independent research. Despite the negative global economic background, Bitrix continues to demonstrate growth that is an order of magnitude greater than the software sector as a whole.