Nashua, NH – July 17, 2018 – Akumina Inc., the world’s leading software provider of digital engagement solutions for the workplace, today announced record-breaking results for the second quarter of 2018. 

Akumina delivered top-line bookings growth of 185% year-over-year and annual recurring revenue growth of 187% year-over-year.  The results in the second quarter represented the best quarter in the Company’s history for the third consecutive quarter.  The Company’s impressive growth was ignited by accelerated customer acquisition, both in North America and in Europe, where the average new Akumina customer committed to the Akumina digital workplace platform for 28 months upfront.  Other major growth areas included significant horizontal expansion inside Akumina’s existing customer base and the continued strength of its growing ecosystem of channel partners.  The Akumina software platform is now deployed and used daily in over three dozen countries while delivering employee engagement experiences in over 60 different languages.

Akumina’s customers in the second quarter came from several strong verticals for the company including oil & gas, life sciences, financial services and retail.  The retail vertical has been especially strong for Akumina.  For these customers, the platform can deliver experiences not just to a select group of employees in an organization, but to every single member of the company’s workforce allowing them to do their jobs better, faster and easier.  “The deskless worker is a critical area of focus as distributed enterprises strive to give a voice to all of their employees” said David Maffei, Akumina’s President.  “In the past, workers on the manufacturing floor, or in the store at the mall, were disconnected from the business—however, those employees play critical roles for these organizations as they look to provide a better experience and product to their end customers.  Focusing on every employee has been a critical part of our accelerated growth around the globe.”

The second quarter also marked Akumina’s announcement of a significant software upgrade to the platform’s “AppManager” framework, launching in the third quarter.  The AppManager is an App-based agnostic Content and Site Management system.  The enhanced framework provides an abstraction layer for connectivity to 3rd party data sources—such as all Office 365 and Azure workloads as well as other non-Microsoft enterprise cloud technologies—and ships with pre-built Apps that connect to, or allow for the connection to, those data sources. The agnostic nature of the AppManager’s architecture allows for easy management of data being stored in any backend system.  The refresh to the AppManger is highlighted by a new user interface allowing each Akumina customer to brand and customize the experience specific for them as a business and for each individual user of the software.  “The next generation of the AppManager is another large step forward for Akumina as we focus on being the connectivity layer, or single pane-of-glass interface, into the digital intelligence of each of our customers” said Ed Rogers, Akumina’s CEO.  “Enhancements to the AppManager and its underlying Service Hub pinpoint a focus for our engineering team on delivering improvements to our customers allowing them to more easily take advantage of the investments they have made in technology internally.”

Today, Akumina’s sales and marketing teams are in Las Vegas participating in Microsoft Ready, Microsoft’s global sales team launch conference and Microsoft Inspire, Microsoft’s worldwide partner conference.  To get in touch with our team at either of these events please reach out to sales@akumina.com.  And, for more information on why Akumina is the number one rated digital workplace software platform, please visit Akumina’s website at www.akumina.com.

About Akumina
Akumina, the world’s leading digital workplace software platform, empowers enterprises to easily build and deploy personalized digital experiences to any audience. This allows organizations to focus on driving quantifiable increases in employee engagement, productivity, and collaboration while ensuring they get more out of their investment in Office 365, Azure, and non-Microsoft enterprise cloud applications.  Akumina’s customers include Whole Foods Market, The Boston Red Sox, GlaxoSmithKline, iRobot, The World Trade Center and the United States Federal Government to name a few. To learn more visit www.akumina.com or follow us on LinkedIn, Facebook and Twitter.

For more information, press only:
Michele McKenney
Akumina
michele.mckenney@akumina.com

 

Press Release:
https://www.businesswire.com/news/home/20180717005530/en/Akumina-Reports-Strongest-Quarter-Company-History-Eyes