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Exceptionally Strong Demand for Company's Enterprise Work Cloud Results in 50% Year-Over-Year Subscription Growth
SILICON SLOPES, Utah, Jan. 29, 2014 /PRNewswire/ -- Today, AtTask announced results for fiscal 2013 ending December 31, including 50% year-over-year subscription growth, as well as 410% year-over-year subscription growth of the AtTask Marketing Work Cloud. Results for all key business metrics exceeded targets and established new records: recurring subscriptions within the AtTask client base expanded by 63%, renewal rates significantly improved to new record levels, and new business subscriptions grew by 42%.
In January 2013 AtTask launched its Enterprise Work Management offering to help Enterprise teams improve productivity and greatly enhance work visibility and accountability. By providing a single solution for projects, documents, social collaboration, and workflow, AtTask enables teams to manage the end-to-end lifecycle of work.
While AtTask appeals to a wide range of teams across the enterprise, the company has created purpose-built solutions for IT and marketing teams. The Marketing Work Cloud, launched just over a year ago, has been embraced globally by corporate marketing teams and marketing agencies. An additional driver of growth has been the surging adoption of AtTask's mixed methodology capabilities, including Agile and waterfall, which uniquely allow businesses to manage resources and work across multiple work methodologies.
"I am happy to say that our results in 2013 exceeded our internal targets and provide further evidence that our Enterprise Work Clouds are meeting a significant unmet need in the market," said Eric Morgan, CEO of AtTask.
AtTask has made a strong commitment to customer success, adoption and retention. It is clear that the company's solution and services are driving strong value for its enterprise customers, as evidenced by the 102% year-over-year growth in the number of clients paying more than $100K in annual recurring revenue.
Customers have gained huge benefits for their business as a result of the visibility, productivity and collaboration driven by AtTask:
"Our ability to see what's going on in the supply chain and understand what our year's going to look like, are worth millions of dollars to the company." – Trek Bicycle Corporation
"Don't call me on the phone. Don't send an IM. Put it in AtTask, because that gives me one source of truth." – LiveNation
"We have complete, seamless visibility and communication with a team on the other side of the world." - LexisNexis
AtTask continues to make significant investments to expand product innovation, customer success and global growth. The company ended 2013 with nearly 400 employees in offices worldwide.
AtTask was recently named to the Forbes America's Most Promising Companies list and was the recipient of many other industry and local awards in 2013. A few highlights include:
"In 2013, AtTask experienced phenomenal growth as we continue to drive our customers' success in managing work of all types, across the enterprise," continued Morgan. "As we move into 2014 with our strong product and customer success offerings, we are well positioned to continue to outpace expectations for growth."
To learn more about AtTask, visit www.attask.com.
AtTask is a cloud-based Enterprise Work Management solution that helps marketing, IT, and other enterprise teams conquer the chaos of excessive email, redundant status meetings, and disconnected tools. Unlike other tools, AtTask Enterprise Work Cloud is a centralized, easy-to-adopt solution for managing and collaborating on all types of work through the entire work lifecycle, which improves team productivity and executive visibility. AtTask is trusted by thousands of global enterprises, like Adobe, Cisco, HBO, Kellogg's, House of Blues, REI, Trek, Schneider Electric, Tommy Hilfiger, Disney, and ATB Financial. To learn more, visit www.AtTask.com or follow us on Twitter @AtTask.
Contact: Keyana Corliss
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