Hippo has announced that revenue in 2011 was the highest ever and as a result, the company enjoyed 75% CAGR growth in the first quarter of 2011, compared to the same period last year. This quarter's growth represents the highest in the company's history.
Dozens of new customers have fueled this new growth – and they span all kinds of industries across the globe. They include government and educational organizations such as The Dutch National Police, Indiana University Health and City University of New York – consumer brands such as Autodesk, Dannon and Dolce&Gabanna, Financial institution like Talmerbank and Graydon and publishing companies such as Thomson Reuters and Sdu Publishing.
Hippo is also honored that much of this record growth comes from an ever-increasing partner network of agencies and systems integrators. With the addition of three new partners this last month – the company now has development and integration partners in more than 20 countries and on six of the seven continents. Daniel Bartl, CEO of Hippo partner comSysto, reflected the spirit of the partnerships when he recently said “we really focus on usability and the targeted nature of the content. Hippo CMS is a perfect fit for these types of solutions – and we're very excited to be working with such a great team of Java professionals.”
“We are extraordinarily pleased at our progress both internationally, as well as across different vertical segments,” said Jeroen Verberg, CEO at Hippo. “This is truly a testament to how dedication to Open Source and Open Standards is powering innovation in the enterprise. We spent a full two years in 2008 and 2009 rebuilding both the product and the company with a focus on improving each and preparing them for growth. So, we're truly an enterprise company – with the heart of a startup – and we're ready for this tremendous growth. It's great to see this strategy paying off.”