Press Releases

May 10, 2016

FusionOps Reports Record Growth

Leader in Supply Chain Intelligence Continues Rapid Expansion

MOUNTAIN VIEW, Calif., May 10, 2016 – FusionOps, the provider of the supply chain intelligence cloud, announced record results in the first quarter of 2016 across all aspects of its business. The company more than doubled YoY revenue, with 148% growth, as more companies adopted the supply chain intelligence cloud to make better supply chain decisions. Both existing and new customers contributed to platform usage growth of 97% YOY.

“FusionOps’ first quarter 2016 results reflect solid performance and continued focus on being the trusted source for supply chain intelligence,” said Gary Meyers, CEO of FusionOps. “The release of innovative enhancements to our cloud platform, introduction of prescriptive analytics, addition of new personnel, and closing our Series C funding were pivotal milestones in the first quarter which will help ensure existing and new customer success.”

Q1 2016 Highlights

Strong Revenue and User Growth

  • Revenue: The company reports that subscription revenue grew 148% YOY.
  • User and Platform Growth: FusionOps platform usage soared 97% YOY, with strong growth of FusionOps Supply Chain Intelligence Cloud deployment among both new and existing customers.

Availability of FusionOps 5.0 and Prescriptive Analytics

In Q1 2016, the company released a number of key enhancements and features to the Supply Chain Intelligence Cloud.

  • Enhanced Cloud Platform: FusionOps introduced new ways for users to explore supply chain data, including new data visualizations and expandable data hierarchies. Additionally, new currency conversion functionality lets users view supply chain data in multiple currencies.
  • Innovations with Data Science: FusionOps introduced prescriptive analytics that embeds advanced data science as a service and which is based on the most advanced statistical models and machine learning techniques. FusionOps is the only cloud analytics platform that seamlessly combines descriptive, diagnostic, predictive and prescriptive capabilities as a service, allowing customers to take advantage of the latest innovations in analytics without hiring teams of data scientists.
  • Expanded Supply Chain Data Content: Business users can get deeper insights into finance and supply chain with new metrics and data models. Expanded content includes analytics for SG&A and supplier performance.

Successful $25 Million Funding Round

The company completed its Series C round of funding in Q1. Led by Georgian Partners, with participation from existing investors including New Enterprise Associates (NEA) and Prabhu Goel, chairman of FusionOps, the new funding will be used to further extend FusionOps’ leadership in actionable intelligence for the supply chain, expand international sales operations, and continue investing in world-class customer success.

Expanded Board Leadership

In conjunction with the financing, FusionOps announced that Tyson Baber of Georgian Partners is joining the FusionOps Board of Directors.

Industry Accolades for the FusionOps Cloud Platform

With more attention on the transformational role cloud plays in the enterprise, the company was named by CRN Magazine as “Coolest Cloud Vendor.” The 100 Coolest Cloud Computing Vendors are selected by the CRN editorial team for their creativity and innovation in product development, the quality of their services and partner programs, and their demonstrated ability to help customers benefit from the ease of use, flexibility, scalability and budgetary savings that cloud computing offers.

More Resources

About FusionOps

Thousands of users worldwide rely on the FusionOps supply chain intelligence cloud as the trusted source for getting actionable knowledge about their supply chain. FusionOps provides what no other vendor on the planet can: an advanced cloud platform, embedded data science that puts advanced analytics in the hands of business users, and pre-built supply chain models specific to the supply chain that accelerate time to value.

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For more information, contact:

Press@FusionOps.com

(408) 524-2222