VeliQ Announces 141 Percent Revenue Increase for First Half of 2013

Before you go, we thought you'd like these...
Before you go close icon

VeliQ Announces 141 Percent Revenue Increase for First Half of 2013

Mobility Platform-as-a-Service Leader Seeing Strong Growth Across Partner Network

ROTTERDAM, Netherlands & BOSTON--(BUSINESS WIRE)-- VeliQ, the mobility Platform-as-a-Service company, today announced that recurring software license revenues for the first half of 2013 grew by 141 percent compared to the same period last year. The company's average annual growth rate has exceeded 100 percent since 2009, with the quarter over quarter growth rate exceeding 45 percent since Q4 2011.


Each of VeliQ's three principal regions - North America, EMEA and DACH - contributed significantly to this overall triple-digit growth. VeliQ has experienced strong demand from key partners in the operator segment as well as the integrators, with contributions coming from new and the expansion of existing partners building on the mPaaS™ platform.

VeliQ continues to expand its worldwide team, including doubling its staff over the past year. The company facilitated additional growth recently with the expansion of the European headquarters in Rotterdam, The Netherlands, and the announcement that it is planning to double the size of its Boston offices at 101 Federal Street by the end of 2013.

"Seeing such strong results reflects the continued success of our mPaaS strategy. Our platform approach delivers an easy to use mobility service that offers one window to manage it all. Projections for the next quarter show even stronger results, and we expect to continue this growth through partners who serve the masses of the Small and Medium Enterprise markets," says Alex Bausch, CEO of VeliQ.

During the first half of 2013, VeliQ expanded its partner ecosystem that already includes worldwide partnerships such as SAP, T-Systems and Portugal Telecom with the addition of a partnership with Mocana to add high security functionality to the ecosystem also known as Mobile Application Protection. The company also rolled out a Freemium version of its MobiDM platform with KPN, enabling thousands of its customers to manage their smartphones. Interviews with many of the partners can be viewed here: http://www.veliq.com/EN/media/video/move-the-big-m/

About VeliQ

VeliQ delivers the only enterprise mobility Platform-as-a-Service (mPaaS™) solution for true mobility enablement. Described by IDC as "relevant and unique," VeliQ's mPaaS™ offers industry leading cross-platform mobile device management, application management, content management and security, as well as back-end integration in one unified console. With VeliQ's mPaaS, end-users receive a highly scalable, multi-tenant, enterprise-grade mobility enablement platform that can be deployed in minutes and is currently implemented via our partners in over 60 countries across pharmaceutical, public sector, airline, financial, retail and apparel sectors. VeliQ is headquartered in the Netherlands, with offices in the United States, UK, Denmark and Germany. For more information, please visit www.veliq.com.



VeliQ
Sylvana Piek, +31(0)6-43854458
spiek@veliq.com
or
VeliQ USA
Sniper Public Relations on Behalf of VeliQ USA
Patrick Farrell, 603-420-8828
pfarrell@sniperpr.com

KEYWORDS:   United States  Europe  North America  Netherlands  Massachusetts

INDUSTRY KEYWORDS:

The article VeliQ Announces 141 Percent Revenue Increase for First Half of 2013 originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners