AccuRev Announces Third Consecutive Year of Revenue Growth

Record bookings and revenue in 2012 set solid foundation for 2013

LEXINGTON, Mass.--(BUSINESS WIRE)--AccuRev, Inc., a leading provider of application life-cycle software solutions, today announced a successful completion of 2012. The company posted record revenue for 2012, which was backed by 65 percent growth in new account acquisition. These strong results are primarily a result of the attractiveness of the company’s products to large enterprises and of AccuRev’s commitment to embrace Git with its GitCentric™ (formerly Kando) offering.

“We are extremely pleased with these strong year-end results”

“We are extremely pleased with these strong year-end results,” stated Peter Shields, AccuRev’s president and CEO. “In addition to our revenue and bookings performance in 2012, we also continued our significant investment in R&D and are excited about the progress we are making to deliver on our product vision."

In 2013 the company plans to expand on its investment in GitCentric, helping scale Git to the enterprise. The company also intends to aggressively focus on its core product, delivering on highly anticipated and exciting new features.

Shields continued, “This is an exciting time for the company. The hard work of the AccuRev team is evidenced by the quality and quantity of new customers that see the value in the AccuRev suite of products, continued growth within our customer base, as well as market reaction to GitCentric, which bridges the gap between commercial tools and open source for enterprise-class software configuration management.

“Furthermore, AccuRev has enhanced its adaptor for ClearCase^®, further enabling continued success in displacing ClearCase at large enterprises, helping those organizations finally break free and unleash the potential of their development teams. We are very excited about the product enhancements we plan to roll out over the coming year and the impact they will have on our customers and their success.

“With this solid foundation in place and the great team of talented and dedicated employees, we are poised for a bright and successful 2013 and beyond,” Shields concluded.

About AccuRev

AccuRev’s application life-cycle solution unleashes the power of software development teams to deliver superior results. Designed for enterprises where software is critical, AccuRev’s unique architecture removes constraints and allows teams to deliver more features, ship faster, reprioritize as needed and sustain high product quality. Since shipping its first release in 2002, AccuRev has helped more than 600 customers improve their software development process.

AccuRev, Inc. is headquartered in Lexington, Mass., and is privately held. To learn more about AccuRev, visit www.accurev.com or call 1-781-861-8700 (U.S. and Canada) and 1-800-383-8170 (outside North America).

© 2013 AccuRev, Inc. All rights reserved. AccuRev, the AccuRev logo, GitCentric and other trademarks, service marks and designs are the registered or unregistered trademarks of AccuRev, Inc. in the United States and other countries. All other trademarks are the property of their respective owners.