Pleasanton, California (EastBayDaily) — With the global economy slowly emerging from a decline, Steelwedge achieved record-breaking success in the first half of 2013, the company announced today. Steelwedge, the leader in cloud-based sales and operations planning (S&OP) solutions, significantly expanded its global customer base, which included the most expansive customer agreement in the company’s history. Steelwedge exceeded its revenue goals for the first half of 2013, and new customer bookings in the second quarter of 2013 grew by 183% compared to Q2 FY2012.
The first half of 2013 marked a significant period of product innovation for Steelwedge. The company introduced its newest release, which includes major breakthroughs in scalability and performance, as well as new tools for auto-upgradability and cloud deployment. In addition, Steelwedge launched its analytics module, Steelwedge S&OP Insight, the only dedicated S&OP analytics solution in the industry uniquely architected with mobile-enabled to support. Steelwedge also deployed the new Steelwedge Open App Architecture that enables customers to leverage preconfigured apps or create their own.
“The product innovations deployed by Steelwedge thus far in 2013 have proved to be barrier-breaking for our customers in terms of speed, scalability and functionality,” said Steelwedge CEO Glen Margolis. “Major manufacturers can now connect and analyze sales, operations and finance data faster than ever before and enable the kind of cross-functional collaboration that facilitates rapid, profitable business decision-making.”
In the past 12 months, Steelwedge has continued its blistering combined annual growth rate of more than 60%, fueled by global demand with rapid growth in Europe and Japan. “The scaling of our global team has enabled us to support a larger number of initiatives and customers than ever before,” said Margolis. “Our leadership as the only true cloud-based integrated business planning solution provider today has been extended with the establishment of truly global functions.” Steelwedge also significantly expanded its global partnerships in 2013, sealing strategic alliances in Europe, Asia and North America while making substantial investments new infrastructure to support global channels and partners.
Steelwedge has been recognized broadly with industry awards thus far in 2013, including Supply & Demand Chain Executive’s 2013 “Pros to Know” (Glen Margolis); THINKstrategies’ Best of SaaS Showplace (BoSS) Award; Lead 411’s Hottest Companies in San Francisco; JMP Securities’ 2013 Hot 100 Best Privately Held Software Companies; Supply & Demand Chain Executive’s “100 Great Supply Chain Projects”; CRN’s Top Women of the Channel (Michelle Jones); and SupplyChainBrain’s Great Supply Chain Partner award.
About Steelwedge: Steelwedge Software is the leading Integrated Business Planning (IBP) solution provider. Steelwedge’s cloud-based Sales & Operations Planning (S&OP) software solutions connect people, process and technology to power a single view of a company’s business. In a volatile global business environment, that single line of sight powers reliable “what-if” scenario modeling that pinpoints the financial impact of supply-demand trade-off decisions. Some of the world's largest discrete and process manufacturing companies including Jaguar Land Rover, Lenovo, MetroPCS, Monsanto and Sony, trust Steelwedge to help them mitigate risk and rapidly adapt to global economic, political and environmental change through best-in-class S&OP.