FULTON, Md.--(BUSINESS WIRE)--Sonatype, the leader in software supply chain automation, today announced continued dramatic growth across every aspect of its Nexus software business. Comparing H1 2015 to H1 2016, Sonatype’s accomplishments include:
- 61% revenue growth
- 79% total bookings growth
- 113% new bookings growth
- 125% net dollar retention rate
By every metric, these results point to Sonatype’s emergence as the de facto standard for automating modern software supply chains and a prerequisite for development organizations committed to practicing continuous delivery and DevOps. The company also achieved a best in class Net Promoter Score (NPS) of 52 -- a leading benchmark that measures customer satisfaction and loyalty across industries.
During the H1 2016, the company authored the highly popular 2016 State of the Software Supply Chain Report, surpassed 100,000 active installations of its Nexus Repository Manager, and expanded its global footprint with new offices in London and Sydney. The company also closed a $30 million financing led by Goldman Sachs’ Principal Strategic Investments Group, with participation from all existing investors, including NEA and Accel, both of which were recently ranked in the top five among venture firms by CB Insights.
Faced with a seemingly infinite supply of open source and third-party components, Sonatype’s Nexus customers are embracing DevOps-native technologies to automatically distinguish good parts from bad while orchestrating the flow of quality through the entire software supply chain. The company’s SaaS offerings now examine millions of components in 70,000 repositories and tens of thousands of applications each business day.
“The volume, variety, and velocity of componentized parts flowing through software development organizations is staggering,” said Wayne Jackson, CEO of Sonatype. “Enterprises using waterfall-native tools simply cannot move fast enough to govern quality and security pertaining to components. Customers are turning to us because we know more about software components than anyone else and our DevOps-native Nexus platform infuses this intelligence into every aspect of the modern software supply chain.”
“The increasingly strategic nature of software is driving a transformative shift from ‘software-written-by-hand’ to ‘software as a manufacturing process’,” said Harry Weller, General Partner at NEA. “Sonatype is ideally positioned to capitalize on this truly massive market opportunity and we’re excited to support the company’s continued rapid growth moving forward.”
Last year developers requested 31 billion components from the Central Repository to manufacture the software applications that run the world. Additionally, with more than 100,000 installations, companies around the globe use Sonatype’s Nexus solutions to manage reusable components and improve the quality, speed and security of their software supply chains. Sonatype is privately held with investments from New Enterprise Associates (NEA), Accel Partners, Hummer Winblad Venture Partners, Morgenthaler Ventures, Bay Partners and Goldman Sachs. For more information, visit: www.sonatype.com.