Mendix Achieves Record Bookings in First Half of 2018

Mendix Achieves Record Bookings in First Half of 2018

PR Newswire

BOSTON, July 9, 2018

Customer success, new product innovation and strategic partnerships drive 88% year-over-year bookings growth and largest quarter in Company history

BOSTON, July 9, 2018 /PRNewswire/ -- Mendix, the leading cloud platform for low-code and AI-assisted app delivery, today announced its largest quarter ever, with 88 percent year-over-year bookings growth compared to the first half of 2017.

Mendix achieves record company growth in the first half of 2018 (PRNewsfoto/Mendix)

"Our customers are recognizing the enormous value they derive from the enterprise-wide adoption of our platform," said Derek Roos, CEO and co-founder of Mendix. "As the Low-Code market matures, we're seeing more enterprises create large, complex, core systems using our platform, and I'm excited to see our focus on enabling our customers' success deliver strong growth across all our regions."

As enterprises invest to digitize their operations, demand for business applications is growing significantly faster than the capacity of IT organizations to deliver them. High-productivity aPaaS solutions provide rapid application development (RAD) features for development, deployment and execution — in the cloud. Gartner predicts that "by 2020, at least 50% of all new business applications will be created with high-productivity toolsets."1

Highlights of the first half include:

Enterprise Momentum

Technology Leadership

A recent customer review on G2 Crowd states, "Mendix, unlike other platforms, has a firm focus on accelerating business and development. Where others have a more development orientated focus, Mendix gives more tools to organize and collaborate. So by adopting this platform, you not only accelerate development, you also allow your business to align with this capability. They also provide services to design and execute your digital practice which makes them so much more than just another platform."

1 Gartner, Inc., "Market Guide for Application Platforms," Anne Thomas and Aashish Gupta, 30 November 2017.
2 Gartner, Inc., "Magic Quadrant for Enterprise High-Productivity Application Platform as a Service," Paul Vincent, Van L. Baker, et al., 26 April 2018.

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Mendix
Mendix is the fastest and easiest platform to build and continuously improve mobile and web applications at scale. The only low-code platform available through SAP and IBM, we help our customers digitize their operations by building, managing, and improving apps at unprecedented speed and scale. More than 4,000 forward-thinking enterprises, including KLM, Philips and Royal DSM use our platform to build business applications to delight their customers and improve operational efficiency.

Join the Mendix community by following Mendix on LinkedIn and Twitter. Start building apps for free at www.mendix.com/try-now/.

Media contact:
Sarah Salbu
sarah.salbu@mendix.com

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