Another year of strong growth for Cezanne Software
Once again, 2007 was a year of growth and success for Cezanne Software. The group, a leading provider of human capital management software, continued its positive momentum, seeing growth in revenue, customer base and employee numbers. The latter increased by more than 30% in comparison with the previous year, with plans to grow even more in 2008.
The strengthening of the company’s infrastructure was needed to support the strong revenue growth of the group (+21% versus 2006) and the expansion of activities in Portugal (+170%), USA (+290%) and France (+90%). Another positive result, seen across all quarters, was the record growth in SaaS sales (+117%).
In total, Cezanne Software acquired 116 new customers in 15 different countries (including the company’s first customers in China, Singapore and Dubai) and signed more than 250 new contracts, including sales to the customer base.
Moreover, in 2007 Cezanne Software was reviewed by two of the main market analysts, Gartner Group and AMR Research. Both positioned the company and its software applications among the leaders in the world market for human capital management solutions.
“We are extremely satisfied and proud of our results in 2007: in addition to the remarkable improvement in the main financial indicators, such as revenue, operating margin (+60% compared to 2006) and cash flow (+22%), our positioning as a leading provider in the world market is clearly strengthened as well.” - says Carlo Ugdulena, CEO of Cezanne Software – “It has been a year in which we have invested heavily to strengthen not only our products but also our organization, through both the extension of our global network of partnerships and by hiring many new people into the Cezanne team. As our customers know, the selection of talent is a process that requires focus and resources in order to achieve the right results, and we are the first to recognize and be engaged on this front.”
