San Jose, Calif., Jul 20, 2010— Baynote, the innovator in adaptive Web solutions, announced today that the Company achieved several milestones during the first half of 2010, exceeding estimates set by the management team. These achievements include surpassing 300 customer implementations and optimizing 5 billion Web interactions a month. Baynote’s diverse customer base extends across more Forbes Global 2000 companies than any other independent personalization vendor. These include leading companies and websites across more than 20 countries within multiple vertical markets: apparel, consumer products, entertainment, health care, hi-tech manufacturing, travel, insurance, software and telecommunications. Baynote has grown its monthly recurring revenue by 75 percent since the end of 2009, a key growth indicator for software as a service (SaaS) companies.
"It is very satisfying to reach a major growth milestone like this and to have customer successes worldwide across so many verticals," said Mike Backlund, CEO of Baynote. "The bottom line is our customers have realized that delivering an adaptive web experience is a competitive advantage that improves top line growth and reduces costs across their multiple online initiatives."
A recent indication of the strength and depth of the Baynote offering was an analyst report on Baynote by The Patricia Seybold Group. The report stated "If you are in retail, telecommunications, travel, media, healthcare, high-tech, consumer packaged goods or manufacturing and are looking for a recommendation solution, Baynote should be on your short list." To read more about Baynote’s high marks, a copy of the report is available on Baynote.com.
Another indication of global growth has been the continued expansion of Baynote’s partner network. Partners with significant activity in the first half of 2010 include Avalon Consulting, B Human, Bronto, BT Fresca, Core Relations, CSK, Demandware, Endeca, hybris, Lithium Technologies, Open Text, Responsys, Silverpop, StoneBridge, Thanx Media and T-Systems.
Baynote’s patented UseRank® technology harnesses the collective wisdom of an entire online community to optimize the experience. Baynote's solutions combine next-generation personalization, search, navigation and web analytics. Industry leaders such AT&T, Dell, Expedia, General Mills, Intuit, Motorola, Urban Outfitters and VEVO leverage Baynote to deliver a customer experience that is always relevant, personal and convenient.
Baynote™ and UseRank™ are registered trademarks of Baynote, Inc. All other trademarks are properties of their respective owners.
Kathleen WierschBaynote Corporate Communications