Cloud Migration Blog
Q3 - 500% increase in bookings for RiverMeadow Software Inc.By Jim Jordan on Oct 18, 2018 1:29:22 PM
A Personal Message from Jim Jordan, CEO & President, RiverMeadow Software Inc.:
With Q3 2018 officially closed, I am very excited to report that RiverMeadow recorded a spectacular 500% increase in year over year bookings. Two multi-million dollar deals contributed to a very successful Q3. The first originates from Mexico and will enable our newly established team based out of Mexico City to deliver timely, localized support. The second is with a very high profile customer out of California - name to be announced soon.
Migrations by Target Cloud:
In addition to record growth in year over year bookings, RiverMeadow acquired eleven new direct customers, representing an increase of 55% quarter over quarter and demonstrating a strong demand for our services and market-leading migration platform. One of the direct new deals was with a leading European university whose name will be revealed in the coming weeks. Other notable achievements included the signing of a number of new partners - including BASWare, OCSL, Helecloud, CloudLogik and Almoayyed Computers, further demonstrating our partner-centric commitment and the need for cloud migration automation to drive scale and value to end customers.
We were very excited to be selected as the market leader in a comparative study of eleven cloud migration solutions by cloud computing expert Rick Blaisdell.
RiverMeadow also hired 3 key employees in Europe and Canada to help drive international expansion and we anticipate the hiring of another 5 resources by the end of the year across a variety of sales, delivery and R&D roles.
Looking forward into Q4, RiverMeadow sits with an unprecedented pipeline of opportunities, both on a direct basis as well as via our channel partners. We are particularly excited by the direct momentum we are seeing with our Azure and AWS partners.
The future here at RiverMeadow has never been brighter and I am proud to head up such a talented team in a market so abundantly in need of our world-class offerings. Thank you to one an all for your support in helping us reach - and exceed - our goals in what has been the most successful quarter in the history of the company. It will truly be an exciting Q4.
Product Updates - What's Ahead
As part of our commitment to offer market-leading technology to our customers and partners we have numerous exciting new product development initiatives in the pipeline including:
- Discovery and Dependency Mapping
- Enhanced Roles-Based Access Control
- New Dashboard UIApplication Centric Migration Workflows for Select Applications
- Continuous Data Sync