Cleo Achieves 5x Growth in 5 Years: Revenue, Employees, and Products

Increasing Demand for Advanced Digital Solutions to Solve Business Problems Driving the Software Company’s Rapid Expansion

ROCKFORD, Ill.--()--Cleo, whose B2B integration technologies and services enable tens of thousands of companies to deploy B2B solutions on premise, in the cloud, and as part of the cloud, announced today that it expects to expand its market footprint, fueled by the growth of cloud and the larger digital economy.

The software company delivers B2B integration technology and services to meet the rapidly growing demands of today’s hyper-digital business world, including the ability to quickly connect and integrate multiple endpoints, maintain ultra-high availability, automate workflows, and scale to meet growth needs. A hybrid cloud integration platform, the Cleo Integration Suite can be deployed on-premises, in the cloud, or both based on strategic and tactical needs.

Cleo’s business success comes on the heels of an accomplished five-year period in which the company has grown its revenues, employees, and office locations fivefold. Contributing factors include:

  • 40 percent year-over-year revenue growth in the last calendar year
  • The April 2016 acquisition of EXTOL International, a Pennsylvania-based data transformation software company
  • A new 23,000-square-foot headquarters in Rockford, Illinois
  • Product investment and innovation in next-generation/emerging use cases for its 7,000-plus customers
  • Investment in go-to-market strategies to serve a global customer base
  • More than $1 billion in asset-management backing

To meet increasing business and customer demands, as well as drive digital business transformation, many companies are striving to deliver increased agility, responsiveness, and convenience in order to survive and thrive.

“Our growth is being driven by the rising demand for advanced digital solutions to solve emerging business problems in today’s digital economy,” said Mahesh Rajasekharan, Ph.D., CEO of Cleo. “Core B2B integration capabilities such as governance, data movement, and automation are powering the outcomes tech-enabled services companies care about – the outcomes that directly affect revenue, profitability, customer experience, and growth. Cleo’s hybrid cloud integration platform provides the robust yet nimble technologies to support all cloud environments seeking similar outcomes.”

The demand for Cleo’s cloud integration platform to connect and integrate companies with their partners, applications, and customers will continue to increase as organizations move to assemble their digital platforms using a combination of cloud services and on-premise technologies.

“It’s been well-established that the digital platforms powering modern digital economies will include best-of-breed technologies held together by strong, multi-enterprise integration solutions,” Rajasekharan said. “Cleo flexibly delivers these critical solutions to provide the multilateral governance and partner, community, and ecosystem enablement capabilities necessary for successful business outcomes.”

About Cleo

Cleo delivers the easiest integration solutions for B2B, applications, cloud, and big data while equipping IT with simple administrative controls needed to ensure security and high availability. For more than 40 years, thousands of companies of all sizes, from small shops to the largest global enterprises, have trusted Cleo to integrate their critical information workflows. These companies use Cleo integration software and managed file transfer solutions to manage over $275 billion in transactions every day. Cleo provides a library of 900 pre-built configurations that automates your deployment of complex information integration. Harness the power of the Cleo Integration Suite to transform your business. For more information, call +1.815.282.7695.

Contacts

Cleo
Matt Torman
Media Relations
+1.815.282.7610

Release Summary

B2B integration and services company Cleo announced today that it expects to expand its market footprint, fueled by the growth of cloud and the larger digital economy.

Contacts

Cleo
Matt Torman
Media Relations
+1.815.282.7610