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 Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter May 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

MSHS Group President Recognized for Safety Leadership

Signal Mutual Indemnity Association, a self-insured group provider of Longshore benefits, presented MSHS President Are Friesecke with the Francis R. Sharp Executive

Apply Now for the MN 100

The August 2016 edition of MarineNews, the leading voice in the North American workboat market, will feature 100 leaders and innovators, including workboat owners and operators,

Mothballed Vessels SE Asia Reflect Oil Slump Pain

Around 1,300 offshore support vessels lying idle worldwide. Not everyone in shipping is bemoaning the industry's worst crisis in living memory: a cluster of

Tanker Trends

A Year is a Long Time in Tankers

The latest Gibson Market Report focused on the age profile of the VLCC fleet and the prospects for trading life beyond 15 years of age.    Analysis of the Suezmax fleet shows a similar picture,

Strike In France: Implications for Tanker Demand

After the oil industry suffered from a severe drought in Venezuela, forest fires in Canada and rebel attacks on oil installations in Nigeria, it is now facing

Floating Storage Flattens Fortunes of $50 Crude

The prices of WTI and Brent crude briefly rose above $50/bbl during intraday trading on Thursday, the highest level seen since the end of July 2015, giving traders a brief moment of optimism,

Software Solutions

ABB Software to Monitor Cosco Heavy Transport Fleet

ABB, a power and automation technology group, will supply its onboard motion monitoring and forecasting system to the Xiang Rui Kou heavy lift vessel, meaning the

APM Terminals Bahrain Push for Safety, IT systems

Hidd, Khalifa Bin Salman Port, Bahrain - APM Terminals Bahrain, operators of Khalifa bin Salman Port (KBSP), has recently made significant advances in Safety performance

Basra Gateway Terminal Goes Live with Navis N4

Navis, a part of Cargotec Corporation, and provider of operational technologies and services that unlock greater performance and efficiency for terminal operators,

Logistics

New OPDR Service Links Spain with Northern Europe

OPDR introduces new service: CAVA offers connection between the Spanish east coast, northern Europe and Saint Petersburg    OPDR announced its new CAVA service,

BIMCO President Speaks on Dry Bulk's Road to Recovery

“Scrapping ships and no new builds is the fastest road to recovery for the dry bulk market” BIMCO President Philippe Louis-Dreyfus comments on BIMCO’s latest market

Baltic Index Up On Higher Capesize Demand

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Tuesday helped by an increase in demand for capesize vessels.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Navigation Pipelines Port Authority Ship Repair Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | 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: 0.1062 sec (9 req/sec)