In the News | 2008

March 5, 2008
CMS Wire

FatWire Reports Fat Revenue Increase

Author: David Dahlquist

FatWire Software has been making waves in the Web Content Management world, and is now announcing that it’s delivered its strongest year ever with record-breaking fourth quarter fiscal year 2007 results. FatWire has achieved an impressive 35 percent growth in total revenue for the quarter ending on December 31st 2007, driven by strong worldwide demand for its products and services — and all this growth coming from what is already the largest privately held WCM provider in the business.

In year-over-year revenue growth, FatWire grew a total of 21 percent. After weathering a slow first half, their 2007 software license revenue grew over 26 percent and year-over-year earnings before interest, taxes, depreciation and amortization (EBITDA) grew over 60 percent.

FatWire performed strongly throughout the year in the US, Europe, Asia and Australia, showcasing the effectiveness of their global business model and investments made around the world. Among these investments were several technology acquisitions and the acquisition of Australian-based reseller Future Tense, which expanded the company’s global footprint and further extended its market leading position.