PaperThin, the producer of ColdFusion-based Web CMS CommonSpot, announced that its 2008 Q2 and Q3 revenues shattered all company records, having grown an average of more than 50% year over year. Furthermore, the company’s average deal size increased by more than 30%.
The company attributes its growth rate to the strength of its Channel Partner relationships and increase in Professional Services projects; while maintaining the 95%+ subscription renewal rate, according to Bob Cellucci, SVP for sales and marketing.
Now, it’s time to update the product, perhaps. And PaperThin plans on doing so in 2009. The last major product release from PaperThin was in October, 2007, when CommonSpot 5.0 came out.
Hold on to your ummm… (whatever it is you hold on to) ’till I get a chance to review CommonSpot 6.0 some time in Q2 of 2009.
Full article on CMSWire: PaperThin Reports Growth, Talks About Future