Old-guard contraction: xTuple sees 250-percent growth in open-source ERP revenue
Xtuple , a leader in open source ERP software, reports record revenue growth in 2008, with sales up 250 percent year-over-year compared with 2007.
Tightening IT budgets across all industries are spurring demand for open source solutions, fueling xTuple’s success, along with aggressive product development guided by a continuous conversation with customers, partners, and the broader open source community.
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xTuple is unseating incumbent software providers by delivering the cost-effectiveness and flexibility associated with open source solutions, along with the reliability, scalability, and support required by Fortune 500 and smaller enterprises alike.
Highlights of xTuple’s 2008 growth include:
• Customer base more than doubled in the past year, with a broad array of new commercial users in manufacturing, retail, and distribution industries throughout the United States, Canada, Europe, India, and Australia.
• Success in attracting new customers and partners has required more staff, and the company doubled its head count in the past year. While other vendors are downsizing by the thousands, xTuple is looking to hire many more employees in the coming months, as well as dramatically expand its partner program.
• xTuple ERP: PostBooks Edition is consistently ranked among the top 10 projects on the SourceForge open source download portal, where it has been downloaded more than 200,000 times by IT and ERP professionals around the world.