WALTHAM, Mass., Jan. 25, 2018 (GLOBE NEWSWIRE) -- Revulytics, Inc., a leading provider of software usage analytics for on-premise software, today announced strong growth and market expansion in 2017. The company achieved its sixth consecutive year of revenue growth and profitability, extended its leadership position of Compliance Intelligence with new and expanded customer deployments, and gained traction in usage analytics with 100 percent growth of Usage Intelligence customers.
Software usage analytics is capturing increased industry attention. Industry research firm Gartner positioned software usage analytics as “On the Rise” in two of its 2017 Hype Cycle reports (Software as a Service and Customer Experience Analytics) and noted its ability to provide “insights that are used to improve user experience, prioritize feature enhancement, track compliance and provide real-time user help.” Gartner named Revulytics™ a 2017 Cool Vendor in Tech Go-to-Market.
Revulytics customers also touted the specific benefits of software usage analytics. “The entire redesign of our flagship product took 18 months. But it would easily have taken double that time without Revulytics Usage Intelligence to support our decision-making, and our user survey feedback has been overwhelmingly positive,” said Russ Bukowski, Director of Product Design, CNC Software.
The combination of Compliance Intelligence and Usage Intelligence provides software vendors and creators of enterprise applications new and advanced visibility into product usage to increase license revenue, build better products, and drive end-user adoption. Customers saw record-breaking compliance deals in 2017 including seven-figure settlements in China and triple digit year-over-year settlement revenue growth in Russia. Since 2010, Revulytics software usage analytics intelligence has supported customer compliance programs that have generated more than $2.1 billion in new license revenue. Revulytics technology has been deployed in more than 72 million installations across the globe.
“As Revulytics continues on its upward trajectory of revenue growth, profitability, and stability, it’s rewarding to see the long-term value we’re creating for our stakeholders – from customers to investors to employees,” said Joseph Noonan, President and CEO of Revulytics. “Leading CAD/CAM, EDA, and PLM providers and other software vendors of high-value or widely distributed desktop applications are benefiting from the expanding value of software usage analytics – from our compliance solutions that contribute directly to new license revenue to product management solutions that deliver better applications that their customers love.”
Revulytics continued to enhance the value of its products in 2017. Compliance Intelligence has a proven history of enabling software providers to detect and identify unlicensed use and generate revenue. In 2017 customers completed a major platform upgrade that delivers greater scalability to collect and analyze large datasets and increase identification and validation of infringing organizations, while meeting data privacy requirements around the world.
In addition to making Compliance Intelligence available on the Salesforce AppExchange, key updates enable enhanced collection of WiFi location data to include all active (enabled) WiFi adapters to help increase compliance lead match rates and accuracy. Additionally, the integration of Usage Intelligence data into customers’ compliance dashboards provides deeper insight and evidence of license misuse.
The company also introduced Usage Intelligence v5 for distributed C/C++, .NET, Obj-C and native Java applications on Windows, Macintosh, and Linux with new reporting on environmental data about users’ machines, and user engagement and loyalty reports. Enhanced ReachOut™ functionality enables software providers to create highly personalized customer experiences driven by dynamic in-application messaging and usage analytics insight.
About Revulytics
Revulytics offers cloud-based software usage analytics that give software producers deep visibility into how their products are being used and misused, providing them with actionable intelligence to generate revenue, optimize product development, and make data-driven decisions across their business. Its compliance analytics solution and turnkey services are used by leading software vendors to increase license revenue and globally reduce software piracy. Its software usage analytics solution provides valuable insight into product usage and environments, enabling product managers and developers to build better products. Revulytics software usage analytics has supported customer compliance programs generating more than $2.1 billion in new license revenue since 2010.
Revulytics is headquartered in Waltham, Mass., USA and serves customers worldwide. For more information, please visit www.revulytics.com, follow us on Twitter ( @revulytics), or subscribe to our blog.
Media Contact:
Michael Goff
Revulytics, Inc.
781.398.3451
mgoff@revulytics.com
©2018 Revulytics, Inc. All rights reserved. Revulytics, the Revulytics logo, V.i. Labs, the V.i. Labs logo, CodeArmor, Trackerbird, the Trackerbird logo, and Trackerbird Software Analytics are trademarks or registered trademarks of Revulytics, Inc. All other product and brand names herein are trademarks or registered trademarks of their respective owners.
