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Tempo grows revenue by 41% in 2016

Tempo grows revenue by 41% in 2016
From Team '23

Tempo Team

March 17, 2017

REYKJAVIK, Iceland - Tempo, creator of efficiency-enhancing enterprise software solutions for Atlassian’s Jira platform, announced strong results for its 2016 fiscal year ending December 31, 2016.

“2016 has been another very busy and successful year for Tempo,” commented Agust Einarsson, CEO, “This year we will be rolling out exciting product improvements that will further increase the value of the Tempo solution suite to our customers. We have been developing new cross-product integrations, as well as UI improvements across our product suite and better reporting features to continually improve our customers’ ability to gather data and make decisions. The company is already off to a strong start in 2017 with an increase in new sales and overall year-on-year revenue in January.”

Highlights for 2016 include:

  • New Tempo Cloud for JIRA

  • Revenue improved by 41% year-on-year

  • North America operation continues to grow

  • Almost 2800 new customers acquired

  • Over 120 partners worldwide

New Tempo Cloud for JIRA

In 2016, Tempo embarked on its most ambitious project to date: to create a brand new version of Tempo Cloud for JIRA. With the introduction of Atlassian’s new cloud platform, Atlassian Connect, which allows for better customization and full control over production and deployment for add-ons, we saw an opportunity to narrow our focus and improve our products to cater better to customer needs.

Our new Tempo Cloud for Jira was first enabled on the Atlassian Marketplace in late November 2016, built from the ground up with the Atlassian Connect framework alongside a new user interface and scalability that will serve our customers far into the future.

Revenue improved by 41% year-on-year

Tempo’s annual earnings increased by 41% year-on-year, fueled by double digit rate growth across the board of the company’s products:

Tempo Capacity Planner (resource management and planning) +82% YoY Tempo Budgets (portfolio financial management) +46% YoY Tempo Timesheets (time tracking) +37% YoY Tempo Cloud +65% YoY

North America operation continues to grow

The number of employees at Tempo grew by 41% in 2016. We added 20 new employees in our offices in North America, both in Montreal and San Francisco, bringing the total number of Tempo employees to 90.

Almost 2800 new customers acquired

Bringing Tempo close to the 10,000 customer mark since its launch almost a decade ago, 2016 saw a substantial increase of almost 2800 new customers, including Starbucks, Texas Instruments, the Government of British Columbia, Estee Lauder, Porsche, and many more.

Over 120 partners worldwide

Collaborative growth is key to the strength of Tempo and in 2016, our Atlassian Expert partner network grew to a total of over 120 partners worldwide. Tempo is looking forward to fostering and strengthening partnerships with both existing and potential partners as well as customers in 2017.

Other highlights:

Rebranded Tempo Folio to Tempo Budgets. Donated over $75,000 to the non-profit Room to Read, calculated from all proceeds from our 10-user starter license sales. Room to Read seeks to improve literacy and gender equality in education in the developing world. At the beginning of December, we continued striving towards empowering more children in developing countries with an education through Room to Read. Our starter license program was priced at $100, 10-user licenses, which enabled us to increase the amount of donation from all the proceeds. Renewed our participation in the Pledge 1% corporate philanthropy movement, founded by Atlassian, Salesforce, and Rally.

About Tempo Software

Tempo Software empowers companies to focus on what matters most – building great products. Tempo’s flexible and modular platform helps teams plan, execute and optimize products in alignment with the customer’s strategic business priorities. Tempo’s platform includes solutions for Strategic Portfolio Management (SPM), Project and Portfolio Management (PPM), and IT Service Management (ITSM) needs. Founded in 2009, Tempo has the support of more than 300 strategic integration partners, and serves 30,000+ customers across a wide range of industries, including one in three Fortune 500 companies.

To learn more about Tempo Software, visit http://www.tempo.io.