It’s been a great first half of the year and we are excited to publicly share the results we’re seeing with you. In the past two quarters, we have seen our new business pipeline flourish both in North America and abroad. We have achieved record new business growth during the first two quarters of 2014, up more than 30 percent from the same period last year. In addition to strong growth in North America, these gains stem in large part from tremendous momentum in international markets, with over 200 percent year-over-year combined bookings growth in the EMEA and APAC regions.
Major customer wins and market demand for enterprise-class SaaS-based PPM solutions provided further fuel for our record breaking first half of the year. We saw brand leaders across diverse markets select our PPM tools to serve their project and portfolio management needs in 2014, including Panasonic North America, Precor, Chicago Public Schools, and the Department of Education (UK).
We attribute all this customer momentum to the targeted shifts we’ve made aimed at meeting heightened demand we’re seeing from the enterprise for a flexible and scalable SaaS-based PPM solution. Organizations in the healthcare, education, technology, and financial services industries, among others, continue to turn to us for PPM solutions that help run their businesses more efficiently and effectively. Our goal is to make it possible for these companies to streamline their employees’ day-to-day interactions, dramatically reducing the complexity of managing multiple teams, projects, and tasks.
Other key milestones that have contributed to this year’s strong performance include:
- A newly launched Organizational Change Management (OCM) practice , which allows customers to successfully identify, plan, and manage the inevitable changes associated with new technology implementation with the help of our experienced and dedicated OCM guidance.
- Being named a “Leader” in the “Magic Quadrant for Cloud-Based IT Project and Portfolio Management Services” by analyst firm Gartner, Inc. for the third year in a row.
- Golden Bridge Awards finalist in the Enterprise Management Innovations category.
The first half of 2014 has been fantastic and we anticipate the growth to continue in the second half, fueled by our aggressive product and services advancements and continued strategic investments in both domestic and international markets. Remember you can follow our progress in-real time and interact with us on Twitter/Facebook/LinkedIn.