Elluminate Announces Record Revenues and Continued Growth in 2008

Company Launched Innovative Products, Added Partners, and Maintained High Customer Satisfaction and Loyalty

Fort Lauderdale, Florida (January 27, 2009) –

News Facts:

* Elluminate, Inc., the leading provider of live eLearning and web collaboration that transforms learning on a global level, announced today that the company’s revenues for 2008 reached record levels and sustained double-digit, year-to-year growth while doubling international revenues. This growth has been fueled by a strong balance sheet, a history of profitability, and conservative financial management that has positioned the company well for 2009 and beyond.
* Elluminate added hundreds of new customers in 2008 for a total customer base of over 1,200 institutions, while continuing exponential growth in adoption and usage with over 580 million minutes served to an estimated 7 million participants in over 170 countries.
* In 2008, the company launched several products, including the Elluminate Learning Suite(TM), which provides support for the entire instructional cycle with Elluminate Plan!(TM) for organizing session content ahead of time, flagship product Elluminate Live!® for real-time learning and collaboration, and Elluminate Publish!(TM) for converting session recordings to high-definition video podcasts.
* In addition, the company introduced Elluminate vSpaces(TM), fully functional, entry-level versions of Elluminate Live! in economical single-room configurations, as well Elluminate Bridge for Moodle(TM), which provide seamless integration for the popular open-source course management system.
* Elluminate added a number of new business and technology partners, including, ANGEL® Learning,Fronter, and Marratech AB. New and renewed members of Elluminate’s Community Partner Programinclude Classroom 2.0, LINGOs, iNACOL, Sloan-C, USDLA, WCET, and Wikispaces.
* Other 2008 accomplishments included:
o Employment growth in excess of 25%
o New headquarters building in Calgary, Alberta
o New sales office in Pleasanton, California
o Average uptime for hosted customers of over 99.9%
o Training over 2,000 participants in over 100 classes
o Positioning in the Visionaries Quadrant of the Gartner Magic Quadrant for Web Conferencing, 2008
o Selection as finalist for Red Herring North America 100
o Selection of Fire and Ice initiative as finalist for Stockholm Challenge Award

Source: Elluminate

 
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