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 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
Tempo develops sophisticated enterprise software solutions that help make work easier and more efficient for software, IT services and core business teams. Tempo has over 10,000 customers worldwide, ranging from small startups to the largest global enterprises such as Amazon, BMW, Pfizer, HomeAway, PayPal, Hulu, Dell, and Disney.
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