Igloo Software Has Record-Breaking Growth in Third Quarter Fiscal Year 2017
Oct 26, 2017, 08:30 ET
Year-over-year net new business growth reached 79 percent, with customer wins including the Bill & Melinda Gates Foundation, KFC Canada, and American Association of Airline Executives (AAAE) along with recent win Duo Security launching their new digital workplace powered by Igloo
KITCHENER-WATERLOO, Ontario, Oct. 26, 2017 /CNW/ -- Igloo Software, the leading provider of digital workplace solutions, hit a new record for growth in the company's third quarter ended September 30, 2017. With an impressive rate of new business and renewals, Igloo continues to establish itself as a leader in digital workplace technology and employee engagement solutions.
The company reached 79 percent for its year-over-year (YoY) net new business growth. Igloo signed over 50 new customers in its third quarter alone, including the Bill & Melinda Gates Foundation, KFC Canada, and the American Association of Airline Executives (AAAE), adding to its growing base of over 10,000 digital workplace communities across 80 countries.
"Our success points to several factors impacting the workplace, with the first being challenges around employee engagement," explains Dan Latendre, Igloo Software Founder and CEO. "There is a real need for enterprises to engage their workforces, giving them a destination for communication, collaboration, and knowledge sharing, and Igloo Software's innovative digital workplace solutions portfolio is proven at addressing this pressing, global problem. Other reasons for our success include our commitment to customers and our strong technical and service partner alliances."
Earlier in the quarter, Igloo Software reached another milestone, surpassing one billion monthly digital workplace interactions across its portfolio of enterprise customers, with total YoY bookings growth, which includes new business and renewals, reaching 49 percent.
"Signing globally recognized brands such as Bill & Melinda Gates Foundation and KFC Canada, is a notable testament to the quality and innovation of Igloo's digital workplace solutions portfolio, as well as the value it brings to businesses," said Latendre. "We look forward to our continued success throughout the rest of the year and into 2018."
For more information about Igloo Software, please visit www.igloosoftware.com.
About Igloo Software
Igloo is a leading provider of digital workplace solutions, helping companies build inspiring digital destinations for a more productive and engaged workforce. Offering a suite of modern features and solutions for today's evolving workplace, Igloo partners with customers to address challenges related to communication, collaboration, knowledge management, employee engagement, and culture. For more information, please visitwww.igloosoftware.com
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Media Contact
Bridget Devine
Walker Sands for Igloo Software
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SOURCE Igloo Software
