DotNetNuke Corporation Achieves Compounded Annual Growth of 103% after Second Full Year of Commercial Sales
Delivery of an integrated Social CMS platform, industry awards and record-breaking attendance for DNN World conference highlight past 12 months
San Mateo, Calif. – September 13, 2012 – DotNetNuke Corp., the company behind the most widely adopted Web Content Management Platform for Microsoft .NET, today announced a two year compounded annual growth rate of 103% for the period ending 2011. The company began licensing its Professional Edition product offering in 2009. DotNetNuke Corp. continued its strong growth in 2012, ending the second quarter with a 42% increase over first quarter 2012. The worldwide customer base for commercial products grew to over 2,000 during the same period. Customer loyalty also remained high, with a monthly churn of less than 1%. The number of commercial applications distributed through the DotNetNuke Store rose to over 10,000 apps and design templates. The DotNetNuke open source community also grew substantially, now powering over 700,000 production web sites worldwide and more than 1 million registered community members.
In November 2011, DotNetNuke tripled attendance at the company’s annual user conference. DNN World 2012, which will be held in Orlando, Florida from October 10 - 12, is on track to be the largest DotNetNuke event to date.
In addition to realizing strong growth across all customer segments, DotNetNuke’s commercial products have been implemented at an accelerated rate by federal, state and local government agencies, including the United States Army, Navy, Air Force and Marines. In recognition of the significant adoption of DotNetNuke products by the Department of Defense, Les Benito, Director of Public Web for Defense Media Activity, will deliver a keynote address at this year’s DNN World conference.
The company plans to unveil DNN 7.0, a major upgrade to the DotNetNuke platform, at DNN World. DNN 7.0 includes a modern client- side development interface built on Microsoft’s Web API and ASP.Net platform. Based on the close integration of DNN 7.0 with Microsoft’s next generation server and web development tools, Scott Hunter, Principal Program Manager for Microsoft’s Web Platform, will also deliver a keynote presentation at the event in October.
- Adding to its list of commercial customers, DotNetNuke Corp signed license agreements with leading companies including Bank of America, Black and Decker, British Petroleum, Chrysler, Miller/Coors, NASCAR, the National Football League , Pfizer, Texas Instruments, Time Warner, True Value Hardware and Weight Watchers.
- The company released the 6.1 version of the DotNetNuke Web CMS and application development framework that enables the delivery of web content optimized for thousands of mobile devices.
- DotNetNuke launched version 6.2, the Social CMS for business, which provides a suite of social collaboration tools that enable the development of online communities and social intranets. DNN 6.2 also includes support for Microsoft SharePoint 2010 and 2007.
- In the first quarter of 2012, the company launched a redesigned and upgraded DotNetNuke Store, which delivers a streamlined shopping experience for customers searching for pre-built application modules and design templates.
- The company received numerous awards and recognition including the AlwaysOn Top 100, Red Herring Top 100 North America, “WCMS Innovator” recognition by Info-Tech Research Group and Inc Magazine Top 500/5000 for 2011 and 2012.
- DotNetNuke Corp expanded operations into the EMEA markets by opening its European headquarters in Amsterdam, The Netherlands.
- The company signed partnership agreements with a growing list of Microsoft Gold Certified partners including Infinite Computing Systems, SSW and Yahara.
- In 2012, DotNetNuke launched cloud-based trials for its Professional Edition, which continues to drive adoption of the company’s commercial products.
“DotNetNuke offers a strong social platform at a mid-market price-point. It supports collaboration and the building of both internal and external social communities,” said Christopher Wynder, Research Analyst at Info-Tech Research Group.
“The rapid growth in our customer base and our exceptional customer retention rates clearly demonstrates both the broad market demand and acceptance of our product offerings,” said Navin Nagiah CEO, DotNetNuke Corp. “While we are pleased with our progress to-date, the best part for us is that we are still in the early part of our journey. We are very excited about the work we are doing in cloud, mobile and social, and the upcoming product announcements we expect to make in the quarters to come.”
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About DotNetNuke Corp.
DotNetNuke software is used by developers, designers and business people to quickly build and easily maintain websites of all kinds. We are the number one Web content management solution and adaptive web platform in the Microsoft ecosystem – more than 700,000 websites have been deployed worldwide using our products. Our online store speeds up this process by offering more than 10,000 apps and add-ons that quickly and easily extend our product. Thousands of organizations like True Value, Bose, Cornell University, Glacier Water, Dannon, Delphi, USAA, NASCAR, Northern Health, and the City of Denver have leveraged DNN to deploy highly engaging business critical websites. There have been over 7 million downloads of our open source project, which fuels an active global community one million strong. The rapid growth of our commercial products resulted in DotNetNuke Corp. being named as one of the fastest growing private companies in America on the 2011 Inc. 500 list. Founded in 2006 and funded by Sierra Ventures, August Capital and Pelion Venture Partners, DotNetNuke Corp. is headquartered in San Mateo, California, with offices in Vancouver and Amsterdam.
DotNetNuke® and DNN® are registered trademarks of DNN Corp. All other registered and unregistered trademarks in this document are the sole property of their respective owners.
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