WALTHAM, Mass.--(BUSINESS WIRE)--Yottaa, Inc., the leading SaaS platform for accelerating eCommerce, today announced outstanding results for 2017, including record-breaking revenue and bookings, wins at the largest and most innovative companies in eCommerce, a new product to the market, two reports guiding the latest thinking in eCommerce, and prestigious industry accolades.
In 2017 Yottaa continued its trend of tremendous revenue growth as the company won several new customers among different retail segments. Yottaa, with four quarters of record revenue, reported the following financial and company results:
- 82% year-over-year total bookings increase
- Over 100% year-over-year Q4 bookings increase
- 53% year-over-year increase in annual recurring revenue
- 30% year-over-year headcount growth
Customers Accelerating Performance
Yottaa signed a record number of new retail customers in 2017 including Bombas, Eve Mattress, MattressFirm, Mixbook, Road Runner Sports, Rockport, Shop LC, The Container Store, Thursday Boot Company, ToolTopia, and UNTUCKit. Below are a few examples of why leading retailers are relying on the Yottaa platform to accelerate their sites.
The Container Store, the nation’s leading retailer of storage and organization products, selected the Yottaa platform to optimize performance and security for its eCommerce site. Since going live on Yottaa, The Container Store has experienced dramatic improvements in web performance across desktop, tablet, and mobile devices.
eBags, recently acquired by Samsonite, discussed its success using Yottaa in a video case study. In the video, Mike Frazzini, Chief Technology Officer for eBags, detailed how Yottaa helped eBags accelerate its website leading to a 30% improvement in mobile web performance and a 10% increase in mobile conversions.
Shop LC (formerly Liquidation Channel), a value-conscious, interactive retailer focused on the fine jewelry, beauty, fashion, home décor, and lifestyle product categories, selected Yottaa to improve site performance on both desktop and mobile devices. During its evaluation of Yottaa’s eCommerce Acceleration Platform, Shop LC saw a 50% improvement in performance.
Yottaa launched Rapid CTRL, a solution to help online retailers improve web performance by better managing and sequencing third party eCommerce applications. On average, customers that have deployed Yottaa’s Rapid technology have avoided millions of customer experience violations, decreased page load time by 3.27 seconds, and increased conversion rates by 10.2%.
The Thought Leader in Performance
Yottaa produced two high-impact industry thought leadership reports in 2017, which were cited in numerous retail industry publications, including Retail Dive, Chain Store Age, Fierce Retail, Retail Touchpoints, and Website Magazine.
In June, Yottaa published a research report titled, "eCommerce Performance: What Works, What Doesn't, What's Next?". The research, which was conducted by Yottaa and Retail Systems Research (RSR), evaluated 80 major retail websites on page speed performance as well as end user experience. Conclusion: most eCommerce sites are “disturbingly slow.”
Later in the year Yottaa published a research report titled, "2017 eCommerce Leaders Survey: Site Performance & Innovation Trends." For this research report Yottaa interviewed 125 eCommerce leaders to determine how web performance impacts online retail. Conclusion: 97% of retailers believe website performance directly impacts their online revenue.
Yottaa won the Technology of the Year Award from MassTLC, Massachusetts’ largest technology trade association. MassTLC announced the winners of the region’s most prestigious technology awards at the 20th annual Mass Technology Leadership Awards Gala at the Seaport World Trade Center in Boston.
“2017 was a banner year for Yottaa,” said Rich Stendardo, CEO of Yottaa. “After closing the year with record revenue, fantastic new customer wins, a new product in Rapid CTRL, two outstanding thought leadership reports, and a Technology of the Year Award, Yottaa is again poised for record growth in 2018.”
Yottaa is the leading SaaS platform for accelerating eCommerce. Purpose-built to solve the website performance challenges retailers face today, Yottaa enables retailers to deliver content instantly across all devices, pages, and browsers, through advanced acceleration and 3rd party application sequencing. Leading retailers, such as The Container Store, Hallmark, eBags, Jockey, and JoAnn Fabrics, have deployed Yottaa in a matter of days with zero code change to realize billions in incremental revenue. To learn more about how Yottaa can accelerate your eCommerce site and increase online conversions, please visit www.yottaa.com or follow @yottaa on Twitter.