Mar 18, 2019   SOURCE: PR NewsWire

Nuxeo Continues Strong Growth in 2018 Driven by Global Demand for Open and Adaptable Content Services Platform

NEW YORK, March 18, 2019 /PRNewswire/ -- Nuxeo, the leading cloud-native Content Services Platform, today announced 2018 revenue and growth figures that demonstrate continued momentum and increasing market traction driven by global demand for its modern and highly-scalable low-code content platform.

In 2018, Nuxeo's Annual Recurring Revenue (ARR) rose by nearly 40 percent. That makes Nuxeo the fastest-growing vendor today in CSP and enterprise content management (ECM). The company ended 2018 on a high note, growing net new ARR by 119 percent year over year and posting the best quarter in company history for new subscription license growth. Nuxeo's average ACV increased 33 percent in 2018, to $113K per customer. Larger deal sizes validate the company's execution in serving large, global enterprises. In addition, Nuxeo customers are moving to the cloud at a record pace, as evidenced by a 4x increase in the company's cloud ARR in 2018.

"Nuxeo grew faster in 2018 than our market and any of our competitors. Our overall growth, combined with an exponential increase in cloud revenue across several industries, demonstrates that we're delivering on our commitment to provide the industry's most advanced cloud-native Content Services Platform," said Eric Barroca, CEO of Nuxeo. "Global enterprises in many industries have made Nuxeo their low-code platform of choice, each with unique and often complex data and content management needs that Nuxeo is best able to fulfill."

Nuxeo Awards and Recognition in 2018
Nuxeo received numerous awards and accolades last year, including:

    --  Inc. Magazine's "2018 Best Workplaces": Nuxeo was recognized for high
        employee satisfaction and a vibrant, engaging culture.
    --  2018 Deloitte Tech Fast 500: Nuxeo was included on this prestigious list
        for the second consecutive year. The company ranked #369, up from #467
        in 2017.
    --  Visionary in 2018 Gartner Magic Quadrant for Content Services Platforms:
        As one of 18 vendors evaluated, Nuxeo was positioned as a Visionary
        based on the completeness of its vision and ability to execute on this
        vision.
    --  2018 Aragon Research Innovation Award for Content Management: The Aragon
        award recognized providers leveraging visionary use of technology to not
        only adapt as markets change, but to actively disrupt and inform how
        their markets will evolve. This was the second year in a row that Nuxeo
        received this Innovation Award from Aragon.
    --  Leader in 2018 Nucleus Research ECM Value Matrix: Analyst firm
        recognized Nuxeo for repository-neutral approach, citing strong customer
        and user satisfaction.
    --  Innovator in 2018 Aragon Research Globe for ECM: Analyst research firm
        recognized Nuxeo's modern approach to Content Services.
    --  Strong Performer in 2018 Forrester Research DAM Wave: Analyst firm cited
        focus on next-generation digital asset management (DAM) capabilities and
        strong product roadmap, and credits Nuxeo for strength in scalability,
        workflows, and approvals.

About Nuxeo:

Nuxeo, developer of the leading Content Services Platform, is reinventing enterprise content management (ECM) and digital asset management (DAM). Nuxeo is fundamentally changing how people work with data and content to realize new value from digital information. Its cloud-native platform has been deployed by large enterprises, mid-sized businesses, and government agencies worldwide. Customers like Verizon, Capital One, Electronic Arts, and the Department of Defense have used Nuxeo's technology to transform the way they do business. Founded in 2008, the company is based in New York with offices across the United States, Europe, and Asia. Learn more at www.nuxeo.com.

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SOURCE Nuxeo Corporation