Aria Systems Announces Unprecedented First Half 2008 Business Growth
PHILADELPHIA, Aug 06, 2008 — Aria Systems Inc., the industry standard and leading provider of on-demand billing and customer lifecycle management solutions, announced that first half of 2008 results reflected unprecedented growth along several key company metrics, putting the company in the strongest financial position in its history while further solidifying and enhancing its market leader role in the Software-as-a-Service (SaaS) billing space.
Beyond its own strong growth, based on perspective earned through its five year history in the market—and as the only player to have served the market this long—Aria Systems sees the entire SaaS billing market hitting a tipping point of wide-scale acceptance and overall acceleration.
On the financial front, Aria Systems reported a continuing streak of positive trends, including significant, across-the-board increases in key performance indicators.
A few first half-growth metrics stand out in particular:
-- Over 6.4 million transactions were processed in the first half 2008, more than six times the level during the same period 2007.
-- A client base (both “won and/or implemented") that surpassed the “fifty” threshold earlier this month, including the addition of SlideRocket, Slipg8, and KingsIsle to the customer portfolio during the period.
Separately, as a lead indicator, the sales pipeline of qualified prospects grew to more than ten times the level attained during the same period 2007. To address this demand and the increase in sales funnel momentum, Aria Systems expanded its sales force and marketing team in the first half of the year. And, as part of a focus on even further improving the quality of the overall customer experience, account management and customer service teams were increased dramatically as well.
“We are extremely pleased with our financial performance, the quality of our work on behalf of our customers, our overall business momentum, and the very positive trend in the SaaS market for billing and customer life cycle management solutions,” said Edward Sullivan, president & CEO, Aria Systems. “The market has made it clear that the time is here, now, for both the SaaS space and Aria Systems’ role in leading it.”
About Aria Systems
Aria Systems is the leading provider of on-demand and subscription billing solutions encompassing the full spectrum of Billing and Customer Lifecycle Management services. The A+ Billing Platform offers clients the industry's most secure, flexible, and scalable tool for accelerating revenue capture, optimizing cash flow, and enabling actionable market intelligence while significantly reducing operating costs throughout each phase of the customer lifecycle.
Aria is the SaaS billing leader in terms of experience, execution, and reliability. The company has handled over one million accounts, and managed more than one billion transactions, since its inception in 2003. Additionally, Aria leads the market in security and compliance having achieved both end-to-end level one PCI Compliance and SAS70 compliance.
Aria's executive team has over 80 years combined experience in billing and 50 combined in SaaS, and is backed by investments from Hummer Winblad Partners, Venrock, and Dave Labuda, former CEO of Portal Software (acquired by Oracle). The company is headquartered in Media, Pa. (metropolitan Philadelphia), and has offices in the San Francisco bay area.
Media Contacts
Kevin M Jackson
Aria Systems
+1 484 234 8000