CrownPeak Announces Continued Record Growth In Third Quarter 2008

Adds New Executive To Professional Services Team

Los Angeles (October 19, 2008) – Despite overall uncertainty in the economy, and reflecting the positive growth trends in the Software-as-a-Service industry, CrownPeak, the market leader in on-demand web site management software, announced today that growth through the third quarter of 2008 is the highest in the company’s history.

CrownPeak experienced 74% revenue growth in the third quarter, as compared to the same period last year. Additionally, this quarter represents the 31st consecutive quarter of growth for the company, and is a new record for quarterly revenue.

CrownPeak is also proud to announce more than a dozen new client relationships, along with a number of new projects for existing clients. Among the company’s newest customers include some of the biggest brands in the world such as Staples, Nissan, and Pep Boys, and important regional organizations like Old National Bank.

The projects themselves cover the full scope of the company’s capabilities, from 38 separate client extranets for Staples, national online landing page programs for Nissan USA and Pep Boys, and complete web content management for Old National Bank. In a demonstration of the speed with which the CrownPeak CMS can be deployed – all of these solutions are already live and online.

CrownPeak is especially proud that much of this growth comes from its ever-increasing agency partnerships. The CrownPeak Summit Certified Agency Program already includes some of the most prestigious creative, media and interactive agencies in the world such as Digitas, Tequila and Zimmerman Advertising. CrownPeak continually leverages its network of Summit Certified partners to implement, support and enhance CrownPeak CMS implementations. And, in the third quarter, CrownPeak was pleased to add five more agencies who have been trained and certified on the CrownPeak platform.

Additionally, CrownPeak’s own professional services group continues to increase the company’s effectiveness. CrownPeak is first pleased to announce that Christopher Taylor has joined the company as Vice President of Professional Services. Taylor brings an extensive consulting background in outsourcing, technology, strategy and software professional services. Prior to CrownPeak, Chris was the Director of Professional Services Americas for ILOG, a decision management software company based in Paris, France and Sunnyvale, CA, where he built a solutions-focused consulting and training organization and pioneered their first consulting engagements in Latin America.

“Given conditions in the economy generally, we are especially pleased at our progress across multiple industry segments over this past quarter,” said Jim Howard, CEO, CrownPeak. “CrownPeak is part of a fundamental, ongoing transformation in the way software is delivered: Software as Service. At the same time, we’re transforming major elements of the content management software market, including price-to-feature expectations, customization levels, and implementation speed. We are gratified that the market recognizes that our business model is delivering tangible benefits to companies traditionally served by enterprise software providers.”

Complementing the engagements from new customers, CrownPeak continues to add new projects from existing customers. “This kind of growth is a natural result of our embrace of the Software-as-Service model,” Howard said. “It’s a tribute to the cost-effectiveness and usability of our system, and an affirmation that we continue to provide great value to the marketplace.”

Source: CrownPeak