Occasional jottings of an incurable entrepreneur on the business and technology behind cloud computing.
Thursday, January 07, 2010
WaveMaker Finds Pot of Gold On Top of Cloud
WaveMaker started 2009 staring into the abyss and ended the year on top of the clouds - funny how things work out in the startup world. During the year, WaveMaker doubled annual revenues and achieved profitability while also increasing quarterly sales by over 53%.
The biggest momentum driver came from the success of our Cloud Quick Start Partnership with IBM, Amazon and RightScale. We also started seeing significant sell-through from SaaS ISVs and systems integration partners.
WaveMaker's position as theonlyopen source cloud development platform makes it a "must have" cloud ecosystem partner. WaveMaker is ideal for ISVs who want to SaaS-enable their offerings and enterprises who want an easy way to take advantage of cloud computing's compelling economics.
Analysts groups are jumping on board as well - Gartner alone produced 9 reports featuring WaveMaker in 2009! Here are some of my favorite quotes from the year:
"Our walk into the cloud with WaveMaker turned out to be a very short journey - and a pleasant one!" - Mark Angel, CTO KANA
"Consider WaveMaker Cloud Edition if you want a 4GL-style development tool that uses standard technologies and open-source frameworks, and you wish to create new SaaS-style offerings." - Eric Knipp, Research Analyst, Gartner Group
"I predict that WaveMaker will be an important cloud company to watch in 2010!" - Judith Hurwitz, President Hurwitz & Associates
"2010 just might be the year to crown WaveMaker the PowerBuilder for the web" - Brian Gentile, CEO JasperSoft
2009 was a tough slog - we are determined to make 2010 a victory lap!