Rapid adoption of Vena’s cloud offering and top customer satisfaction ratings attracted record number of new clients
Toronto, Canada, January 28, 2015 – Vena Solutions continued to exceed expectations in 2014, an exciting year that saw the corporate performance management (CPM) vendor earn several prestigious accolades, partner with leading CPM consulting firms and sign a record number of clients.
In the past 12 months, Vena Solutions doubled its client roster and continued to expand its international client base by signing companies in South Africa, Europe, Asia and Latin America.
The company also signed and on boarded numerous implementation partners in 2014 to keep pace with its unprecedented growth at home and abroad.
Partnerships with Obero Solutions, Applied Analytix, Inc. and SandPoint Consulting, Inc. will help Vena’s clients around the world improve the efficiency of core finance and accounting processes with a single, secure solution.
In 2014, Vena Solutions also:
- Doubled its total number of clients
- Doubled its year-over-year revenue from 2013
- Tripled its recurring year-over-year revenue
- Received top customer satisfaction ratings (a score of 4.67 out of 5) from BPM Partners in their 2014 Pulse of Performance Management Survey
- Achieved Core Vendor Status in the BPM Partners Survey in recognition of the solution’s robustness and broad appeal
- Was named one of CIO Review’s 10 Most Promising Financial Planning and Analysis Software Providers
- Was named one of Branham’s Top 25 Canadian Up-and-Coming ICT Companies
- Achieved Leader Status in the 2014 Nucleus Research Value Matrix for Corporate Performance Management
Vena Solutions also refined its cloud offering in 2014, resulting in 90% of new clients opting to work in the cloud environment.
When asked about the surging popularity of the Vena Cloud, Don Mal, CEO of Vena Solutions, explained: “What makes our solution stand out is the fact that we bring native Microsoft® Excel® into the cloud. We started by extending the functionality of Excel by adding workflow, business rules and controls to spreadsheets connected to a powerful in-memory database.
“Now, with Vena, companies can continue to use the spreadsheets they’ve always used while benefitting from the infinite scalability and low operational burden of the cloud. We make it possible to experience the best of both worlds in one solution, and, as the numbers prove, companies are responding exceedingly well to the sophistication of our technology and approach.”
Looking forward to 2015, Vena Solutions expects to more than double its subscription-based recurring revenue and increase its client base to several hundred customers globally.
ABOUT VENA SOLUTIONS:
Vena Solutions has redefined how companies automate their most mission-critical finance, accounting and business processes. Our platform embraces the best of Microsoft® Excel®, extending and evolving its capabilities to create a next-generation enterprise solution that is powerful, yet intuitive. Vena is a first-to-market solution that offers the most comprehensive suite of cloud-based corporate performance management (CPM) capabilities with a quick deployment methodology – all without compromising what you love best from Excel.
Vena and the Vena logo are trademarks of Vena Solutions registered in various jurisdictions.
Microsoft and Excel are either registered trademarks or trademarks of Microsoft Corporation in the United States and/or other countries.
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