Check out our press release hub, powered by Business Wire. It's a one stop shop for industry announcements to help you stay on top of the latest technology and investment trends. Get the scoop here.
The Leading Open Java CMS Doubles Global Revenue, CMO & CFO Hires U.S. Market Accounts for 30% of New Customer Licenses
MIAMI & BASEL, Switzerland–(BUSINESS WIRE)–April 30, 2014–
Magnolia International, the company behind the open Java CMS, Magnolia, today announced its record global growth. Magnolia has doubled global revenue since 2012. This growth was a result of significant sales increases in all Magnolia offices. Worldwide headcount has also doubled during this period. Additionally, Magnolia announced key additions to the executive management team, adding a Chief Financial Officer and Chief Marketing Officer.
In 2013 alone, Magnolia’s global customer base grew by 25%. The U.S. market is the fastest growing market, accounting for 30% of new licenses in 2013. U.S.-based customers include Nissan, Virgin America, Abbott Diabetes, US Navy, and Vision Service Plan.
Magnolia’s revenue and client growth has spurred additional global expansion in Beijing, and satellite offices in Gothenburg and Helsinki. Office expansion and additional headcount is occurring in every office, including Miami, U.S., Madrid, Spain and Kromeriz, Czech Republic. Due to this record growth, Magnolia will soon run out of space in the current Basel, Switzerland headquarters. The company is building a new headquarters in Basel, with move-in scheduled summer 2015.
“Our goal at Magnolia is to have extremely satisfied customers. We empower our customers by providing a platform to develop mission-critical websites that guarantee an optimized customer experience on all devices,” said Pascal Mangold, CEO and co-founder of Magnolia. “Our growth in the U.S. with recent wins like Nissan and Virgin America speaks to our potential for additional growth in the U.S. market.”
Magnolia Adds New CMO & CFO to Executive Team
Magnolia also announced two key hires, with Christopher Justice coming on as Chief Marketing Officer and Alain Kugelmann as Chief Financial Officer. Justice, a serial entrepreneur and advisor to multiple U.S. tech startups, has designed, developed and marketed enterprise software and content management solutions since 1996 with Computer Associates, IBM, Vignette, and with the United States Securities and Exchange Commission (SEC). He will champion Magnolia’s brand through effective marketing, community management and technical communications.
Kugelmann spent the last 14 years in various financial positions with the French multinational conglomerate Alstom. At Magnolia, Kugelmann will oversee the accounting, controlling, treasury, investor relations, insurance and tax functions.
“The addition of Chris and Alain is another step in our goal of assembling a world-class management team,” said Boris Kraft, CTO & Co-Founder at Magnolia. “Culture and experience are the pillars of what has driven Magnolia’s growth since its inception, and these executives have the best of both qualities. These key additions to our management team position Magnolia to enable more engaging and personalized customer experiences with Magnolia solutions.”
Magnolia is an open Java CMS that delivers smartphone simplicity on an enterprise-scale. The mobile-inspired HTML5 user interface works through customisable, task-focused Apps, a notification stream called the Pulse, and a system of Favorites for quickly accessing the workspace. Magnolia CMS allows organizations to orchestrate online services, sales and marketing across all digital channels, maximizing the impact of every touchpoint. Magnolia’s open-source technology, support of open standards such as CMIS and JCR, as well as integration with the Spring Framework, enable developers to unlock back-end systems and third-party applications. Magnolia International Ltd. is the creator of both the Open Source Community Edition and Enterprise Licensed Editions of the Magnolia CMS. Full global service, support, implementation, consulting and training for enterprise clients are delivered by Magnolia in collaboration with its international network of qualified partners. Find out more about Magnolia at: http://www.magnolia-cms.com
Treble Public Relations
Ethan Parker, 512-485-3016
We're studying digital marketing compensation: how much companies pay CMOs, CDOs, VPs of marketing, and more
, with ChiefDigitalOfficer. Help us out by filling out the survey
, and we'll share the results with you.