During 2016, Avature’s recurring revenue grew by 36 percent while its one-time revenue grew by the same 36 percent. With 44 percent of sales coming from new customer orders and 56 percent from existing customer orders, the company finished the year profitable and with a cash flow from operations doubling over the previous year.
Avature’s customer growth has been consistent across all regions. New customers in 2016 included 17 companies that are ranked in the Global 2000. In the first quarter of 2017, another five Global 2000 companies were added. Among these were organizations headquartered in Australia, China, Germany, UK and the US.
“A strong Q4 finish helped us deliver our best year ever,” said Ana Laura Darino, SVP Finance, Avature. “We are confident that we will maintain a high growth rate without sacrificing profitability.”
“Our strong performance was driven by the expansion of our solution suite, continued support from our customers, and the dedication and determination of the Avature team,” said Dimitri Boylan, founder and CEO.
A few highlights from 2016 and early 2017:
Avature continues to develop a highly integrated platform that equips its customers to:
About AvatureAvature is a highly flexible enterprise SaaS platform for Global Talent Acquisition and Talent Management. Founded by Dimitri Boylan, co-founder and former CEO of HotJobs.com, Avature brings commercial internet performance and usability standards to enterprise HCM software. The Avature platform allows HR professionals to design innovative solutions for recruiting, internal mobility and performance challenges. Used by 101 of the Fortune 500 in more than 100 countries and 17 languages, Avature delivers its services from its private cloud, located in data centers in the US, Europe and Asia. Avature has offices in Buenos Aires, London, Madrid, Melbourne, Munich, New York and Shenzhen. Learn more at www.avature.net or follow @Avature.
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