Gomez Achieves Over 50% Revenue Growth for 2005, Fueled by Leading Web Application Performance Management Solutions11 February 2006
Gomez, Inc., the global leader in web application performance management solutions, today announced its 2005 fourth quarter and year end results. A milestone year, driven by strong new customer wins, continued existing customer relationship expansion, significant new product releases, and newly announced partnerships, produced annual revenue increases of greater than 50% for the 2005 fiscal year. For the fourth quarter, revenues grew by more than 40% for the same quarter year over year. This achievement marks the Company's fourth consecutive year of double digit revenue gains.
Gomez saw broad-based market demand for its web application management solutions, adding over 100 new customers in 2005. New customer wins included North American market leaders such as USA Today, Scottrade, Career Builder, Sun Life Financial, and Washington Mutual and internationally new customers like Thomas Cook and Betfair. In the fourth quarter, Gomez added numerous new customers including 180solutions, Zip Realty, and WebMD. In addition, a significant number of current customers more than doubled the size and scope of their relationships with the Company in 2005. For the year, Gomez' customer retention rate exceeded 95%.
"Gomez' strong growth in 2005 was driven by increasing demand for our Benchmarking solutions, our core Gomez Performance Network offering, and our new Private PEER product," said Jaime Ellertson, Chief Executive Officer. "In 2006 we expect to see continued growth and adoption of our industry leading web application performance management products as well as the continued addition of new Global 2000 customers."
Other Fiscal Year 2005 and Q4 Highlights:
* Significant Interest in New Gomez WorldView Integration with HP -- In
just the four months since the Company announced the availability of
its Gomez Worldview for HP OpenView Internet Services, this integration
initiative has resulted in new users and business relationships with
industry leaders such as Yahoo! Search Marketing and Avaya. This
integration provides a single management framework to confirm and
resolve critical application performance problems whether they
originate inside or outside the firewall.
* Private PEER Testing Capabilities Drawing International Attention -- In
2005, Gomez introduced its Private PEER testing capabilities, allowing
companies to monitor applications from specific end-user locations to
instantly identify application performance from the clients' point of
view and speed root cause analysis. New Private PEER relationships
included leading web brands such as Betfair, one of the leading sports
betting exchanges, that is already finding success with Private PEER by
isolating and reducing the mean time to repair of web application
performance issues.
* Continued International Growth -- To support the continued international
success of over 35% revenue and bookings growth for 2005, in November,
Gomez announced the appointment of Michael Bromilow to the position of
Managing Director for Europe, Middle East and Asia (EMEA).
* Gomez Performance Network Expands Global Footprint -- At the end of
2005, the company announced its commitment to increase its global
coverage by adding 15 new locations in Europe and Southeast Asia as
well as substantial infrastructure investments throughout its network.
About Gomez
Gomez is the leading supplier of web application performance management solutions designed to help companies achieve and maintain high-level performance of their mission-critical Internet applications. Using Gomez products and services enterprises reach performance excellence as they strive to meet or surpass their business goals. Founded in 1997, Gomez provides performance measurement, benchmarking, and competitive insight to Global 1000 companies across all industry segments, including financial services, e- commerce, information technology, and travel. Gomez is Network Computing magazine's "Editor's Choice" for best Internet performance monitoring service. For more information, please visit http://www.gomez.com.
Gomez, Gomez.com, Gomez Performance Network, and Gomez WorldView are trademarks and/or service marks of Gomez, Inc. All other trademarks are the property of their respective owners.
Corporate Contact:
Bill Betcher
Gomez, Inc.
781-778-2700
bbetcher@gomez.com
Source: prnewswire
All trademarks and copyrighted information contained herein are the property of their respective owners.
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