CargoWise Sees Strong Growth in 2012

press release
Tuesday, November 01, 2011

Global Client Base Increases Ahead of Expectations.


CargoWise, a global leader in logistics technology solutions, reports a significant uptick in new customers - well ahead of expectations. Despite the persistent uncertainty reported across global markets, CargoWise continues to exceed growth expectations. Greater license portability and reduced complexity through SaaS based and cloud hosted on demand systems, along with improved on premise systems implementations, have significantly reduced the sales cycle. CargoWise continues to see an increase in its pipeline and high sales success rates supporting higher than expected growth.


CargoWise founder and Chief Executive Officer Richard White said: “Unlike other global suppliers in our space, who have publically reported very slow growth or serious revenue decline, our growth in revenue and installed product base is setting a blinding pace. All our key financial and operational metrics are very strong. We are tracking well above 40% growth rate globally this financial year with even higher rates in the US and Europe. We are on target to deliver the best results ever.”


CargoWise’s recurring revenues now constitute 82% of total revenues, up from 72% in 2010. Confidence in CargoWise products is further supported by 99% annual customer retention with no loss of large customers in many years.
White added: “We plan to reinvest our success premium and focus hard on product capability. With more than 80,000 licenses across 4,000 sites in 75 countries, we are making huge inroads into global product compliance. We have a well funded high energy program to extend our development lead into all major languages, Customs Clearance requirements and Tax and Reporting needs globally.

Maritime Reporter February 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

First Subsea Achieves API 17L1 Certification for Bend Stiffener Connectors

Connector technology developer First Subsea has received APL 17LI certification for its bend stiffener connectors from the American Petroleum Institute, the company announced today.

Gulf of Mexico Sees First LNG-powered OSV

A special Offshore Supply Vessel (OSV) has been delivered to Shell for its deepwater operations in the Gulf of Mexico.   The vessel, Harvey Energy, is chartered

Bestobell Bags Hat Trick Order in China

Bestobell Marine, part of the President Engineering Group, has received its third order in the past 12 months from Hudong Zhonghua shipyard in China. The deal

Tanker Trends

Stronger Panamaxes Boost Baltic Sea Freight Index

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, made minor gains on Thursday on higher rates for the panamax and smaller vessel segments.

Tank Coating for Navig8 Chemical Carrier Newbuilds

Shipowner Navig8 is progressing application of Interline9001, an advanced cargo tank coating from AkzoNobel’s International marine coating product range, on a series

Bestobell Bags Hat Trick Order in China

Bestobell Marine, part of the President Engineering Group, has received its third order in the past 12 months from Hudong Zhonghua shipyard in China. The deal

Software Solutions

Navis to Deploy Its N4 TOS to France's Largest Container Terminal

Navis has reached an agreement to deploy its N4 terminal operating system (TOS) to the largest container terminal in France, the company announced today.   The license agreement was with EUROFOS,

GOST to Unveil New Products at MSE Conference

GOST (Global Ocean Security Technologies),announced today that it will highlight its newest commercial maritime products at the 2015 Maritime Security East conference in Jacksonville,

VesselVanguard Partners with Hatteras Yachts

VesselVanguard announced today a new partnership with Hatteras Yachts to provide a five-year subscription for its award-winning maintenance management solution

Logistics

Are Megaships Game Changers?

Bragging rights for the world’s largest container ship have changed hands four times in as many months and keep on shifting again, says a report in the Bloomberg.

Navis to Deploy Its N4 TOS to France's Largest Container Terminal

Navis has reached an agreement to deploy its N4 terminal operating system (TOS) to the largest container terminal in France, the company announced today.   The license agreement was with EUROFOS,

Vancouver Port Operations Resume Atfer Container Fire

Port Metro Vancouver said on Thursday that operations had resumed at most port facilities shut down by a shipping container fire the day before, but that its Centerm

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Pod Propulsion Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2828 sec (4 req/sec)