cleverbridge Announces Continued Client and Company Growth in 2012

CHICAGO -- (BUSINESS WIRE) -- cleverbridge, the premier global e-commerce provider for software and SaaS companies, announces continued growth as it achieved 22 percent year-over-year revenue growth in 2012. The steady company growth was a result of cleverbridge’s commitment to innovation and service which resulted in signing 39 new clients in 2012.

“We are extremely proud of our team's accomplishments and continued growth in 2012, as it’s a strong testament to our ability to scale and deliver value for clients with our e-commerce solution,” said Christian Blume, CEO, cleverbridge. “As B2C and B2B software companies face the complexities of increased subscription-based services and revenue models, cleverbridge is well-positioned for future growth as we continue to drive optimization of clients’ e-commerce in order to maximize their online revenues.”

Additional 2012 company highlights include:

• Client growth included some of the world’s largest software providers such as Parallels, WinZip, Embarcadero and Minitab
• Expanded global presence with a new office in Tokyo, Japan offering clients increased capability to further penetrate the Asia-Pacific market
• Generated more than 10 percent of revenue through affiliates
• Subscription revenue increased 47.3 percent
• Processed more than 1 million orders per month by the end of the year
• Supported payment currencies expanded from 29 to 33 with the addition of Thai Baht (THB), Mexican Peso (MXN), Indian Rupee (INR) and Chinese Yuan (CNY)
• Industry analyst firm Forrester Research identified cleverbridge as one of eight key players for companies in need of subscription and recurring billing support in its “Market Overview: Subscription And Recurring Billing Solutions 2012” report

To learn more about cleverbridge, please contact inquiry@cleverbridge.com or visit www.cleverbridge.com.

About cleverbridge

cleverbridge is a full-service e-commerce provider for companies that sell software and SaaS. Its flexible cloud-based platform and unrivaled service drive the performance of B2C and B2B businesses around the world, enabling the implementation, management and optimization of clients’ global online sales and marketing initiatives. Drawing from years of experience and expertise, cleverbridge provides a customized, multi-channel e-business solution in record time. More than 300 international corporations like Acronis, Avira, Dell, Malwarebytes and Parallels count on cleverbridge to support their traditional, SaaS and subscription-based e-commerce needs. For more information, visit www.cleverbridge.com or the Building Keystones blog.