StrikeIron Continues to Build Momentum as Consumption of Data as a Service Grows
Revenue more than doubles as over 250 customers add to first quarter growth
Research Triangle Park, NC – April 15, 2008 – StrikeIron, Inc., the leader in providing innovative solutions for delivering data over the Internet, today announced it continues to realize significant growth as the demand for quality data in the enterprise rises. In the first quarter of 2008, StrikeIron added more than 250 new customers bringing its total customer base to 1,500 and grew revenue by 234 percent over first quarter 2007 figures.
"Our growth indicates that the market is reaching its tipping point. StrikeIron is poised to deliver high business value services to companies looking to innovate their businesses," said Dave Linthicum, CEO of StrikeIron. "StrikeIron brings the value of the next generation Web to businesses today, and they are seeing a huge ROI when leveraging StrikeIron. This trend will only accelerate in 2008."
As the most advanced provider of delivering Data as a Service StrikeIron removes the complexity involved in managing diverse data formats from multiple data sources and provides data consistently and in exactly the format that can be best utilized by the customers Web sites, business processes and applications. Developers and business users now have the ability to build core applications by mixing and matching services that are loosely coupled, using the Web as the delivery platform and creating frictionless access to business data critical to running a business.
StrikeIron's growth can be attributed to the following key industry changes:
"StrikeIron's Sales and Use Tax Web service was easily integrated with our E-Commerce system, " said Brad Wymore, E-Commerce Manager of US Playing cards, makers of Bicycle playing cards. "StrikeIron keeps up with the tax information so we can concentrate on delivering the best products to our customers, not spend time downloading and integrating tax tables each month."
The value of using the Web as a platform to deliver timely, accurate information to enterprise applications is being realized," said Bob Brauer, president and founder, StrikeIron. "We are pleased that we continue to reduce complexity, increase opportunity and deliver tangible value to our current customers and look forward to building lasting, beneficial relationships with new customers who are turning to StrikeIron to achieve their business goals of frictionless access to a broad range of data and Web services."
StrikeIron is the leader in Data as a Service (DaaS), facilitating the consumption and distribution of live, integratable data and business functionality over the Web. The company’s innovative Web Services Marketplace provides a technology platform, micro-transaction management and a consistent interface across many XML-based Web services from multiple, diverse sources. This allows business users, application developers and enterprise IT professionals to customize and integrate external data sources and additional external functionality into enterprise, Web, and composite applications. Currently, StrikeIron provides over 100 live data sources and business functions from organizations such as D&B, MapQuest, Midnight Trader, Tax Data Systems, and Zacks.
StrikeIron also offers a set of products and tools to simplify and accelerate the consumption of data such as its SOA Express for Excel, enabling business users to access live data via front office applications. StrikeIron delivers value to over 1,000 customers and partners such as BEA, Delivery.com, IBM, Honda Europe, D&B, Time Warner, Siemens, Nike, Kenwood, and Exclusive Resorts. For more information, visit www.strikeiron.com