SAN MATEO, Calif.--(BUSINESS WIRE)--Aria Systems, Inc. (http://www.AriaSystems.com), the leading provider of cloud billing and subscription management solutions, today announced record bookings in its fourth quarter ending December 31, 2010. Bookings more than tripled, and average first-year transaction size more than doubled compared to the fourth quarter of 2009. As leading companies recognized the value in Aria’s unmatched monetization flexibility, multichannel architecture, and deep domain expertise in recurring billing and subscription management, the company won larger customers and more strategic initiatives to close a record year.
Customer Success:
The phenomenal sales quarter marked the close of a year in which the company left industry rivals behind, establishing itself as the solution of choice for Global 2000 companies developing new recurring revenue streams. Global leaders including Disney, Ingersoll-Rand, and many others chose Aria to automate strategic monetization initiatives. The company also delivered success for innovative companies in blossoming markets such as enterprise collaboration and social networking including Fuze Box, a leading platform provider of real-time visual collaboration applications for millions of end users, and popular social media dashboard maker HootSuite. Aria’s ability to address the full spectrum of both B2B and B2C models was evidenced by wins with B2B technology leaders like Taleo, Internap, and VMware as well as entertainment companies like DreamWorks and Roku that deliver next-generation media services to consumers around the globe.
Product Innovation:
Aria Systems continued to set the pace of cloud billing innovation by releasing first-in-class capabilities including Aria Virtual Inventory Engine, Aria Secure Subscription Commerce for iPad as well as the Aria Universal Payment Token, which offers merchants PCI-compliant payment processor portability while minimizing customer churn. The company also delivered hundreds of functional enhancements to its core subscription billing platform to support the broadest range of recurring monetization models with complete end-to-end automation.
Partner Expansion:
Aria Systems continued to expand its partner ecosystem in 2010 by working with other category leaders to develop tight integration and strategic alignment. The company delivered major upgrades to its out-of-the-box integrations with leading SaaS applications including NetSuite and Salesforce.com. In the second quarter of 2010, Aria Systems and PayPal introduced Aria SubscriptionsPlus for PayPal, a new subscription management and recurring billing product designed to give PayPal’s global merchant base robust, SaaS-based subscription billing capabilities. And in the third quarter, the company collaborated with VMware to introduce the Aria Cloud Revenue Adapter for vCloud Director™, designed for VMware vCloud service provider partners to automate service activation, usage tracking, billing and collections.
Industry Recognition:
In 2010, leading industry analyst firms Gartner, IDC, Forrester, Saugatuck Research, and 451 Group all covered Aria Systems and the evolution of next-generation billing systems for monetizing recurring products and services.
- Aria Systems was recognized at TiEcon 2010 as a Top 10 Startup in the Software category. Aria Systems was one of just 10 software vendors and the only SaaS billing vendor to be recognized from a pool of nearly 4,000 applicants.
- Aria Systems was also selected in the list of “Cool Vendors” in the “Cool Vendors in Telecom Operations Management Systems, 2010” report, written by Norbert J. Scholz, Martina Kurth, and Kamlesh Bhatia, Gartner.
- IDC published a report that describes why organizations trying to develop new revenue streams would benefit from a SaaS billing platform like Aria’s. The complete report is available at http://www.ariasystems.com/Marketing/billing-cloud-aria-systems/
“Our fourth quarter was the crowning achievement of a breakout year for Aria Systems,” said Mike Morini, CEO at Aria Systems. “Cloud billing is now a mainstream topic in the world’s largest companies, and they’re consistently selecting Aria over our competition based on the strength of our technology and team, and our track record of customer success across diverse industries and business models. We’re off to a fast start in 2011, and expecting even greater success as we continue to drive this market forward.”
About Aria Systems
Aria Systems is the leader in subscription billing and subscription management solutions since its inception in 2003. As the SaaS billing pioneer, Aria has grown rapidly to manage millions of subscription accounts in every country in the world for companies that span a wide range of industries, including entertainment and cloud infrastructure. The Aria Billing and Subscription Management Platform is the industry’s most reliable, flexible and scalable on-demand platform for organizations looking to accelerate recurring revenue capture while significantly reducing operating costs. Aria Systems also leads the market in security and compliance as the only vendor to have achieved both SAS 70 Type II certification as well as PCI DSS Level 1 compliance for the entire billing management process. Aria’s team is comprised of industry veterans that have managed multi-billion dollar billing operations supporting millions of end user subscribers. For more information about Aria Systems, visit http://www.AriaSystems.com or call 1-877-755-2370.