WealthEngine Continues Growth Momentum in First Half 2015
June Biggest Month in Company History; Achieved 33% YOY Revenue Growth
WealthEngine (WE), the leading provider of predictive marketing analytics and audience development services through wealth intelligence, announces unprecedented success in the first half of the year with strong sales growth, critical key customer wins and strengthening of strategic partner relationships.
“We are very pleased with the strong start to the year in both revenue and key hires,” said WealthEngine president and chief executive officer Mark Logan. “In just a short six months, we have accelerated our already strong growth, and added significantly to the team so that we can continue this growth in the near future. Building on our momentum and delivering value to our customers is a critical priority and our aggressive innovation road map is a reflection of these facts. I’m confident 2015 will be a milestone year for the company as we execute on our 3 year plan to hit $100m in revenue”.
First Half 2015 Highlights
- June breaks company sales record, with 33% growth YoY
- Closed over 500 deals in June, including key client wins such as Catholic Relief Services and Michigan Technological University.
- Mark Logan announced as CEO
- 51 new employees hired
- Named a Gartner Cool Vendor in Data-Driven Marketing; also showcased in Marketing Guide to Marketing Data Providers
- Launched WE Prospect (Self-service prospecting tool for audience development) and new API
- Salesforce announced WE as a strategic partner in Salesforce Analytics Cloud and Data.com Exchange
“WealthEngine provides audience development and marketing solutions for thousands of organizations that need consumer-based wealth information. With the launch of our API solution, WE enables simple, real-time, wealth-data integration for any third party applications”, notes Bobby Yazdani, WealthEngine’s Co-Chairman. “With the continual evolution of the company’s solutions, we have seen positive movement in all key market segments including healthcare, education, nonprofit, financial services and luxury, as well as our international operations.“
WealthEngine continues to be the leading provider of wealth data and analytics into the non-profit market and is responsible for driving the fundraising efforts of top nonprofit organizations including health, faith-based, animal rights organizations and more. The company added over 188 new non-profit customers in the first half of 2015 including significant wins at Catholic Relief Services, FINCA International, and World Wildlife Fund, bringing our industry-leading non-profit customer base to over 2,300.
“I have been in the nonprofit community for more than forty years, working with WealthEngine for more than 10 years”, stated Helen Lucas, Senior Researcher, American Red Cross. “I have relied on WealthEngine as a critical resource to identify, screen and evaluate prospects for over 8,000 chapters. Through data screening, analytics and modeling, and consulting, WealthEngine has always played an integral role in building targeted fundraising strategies and supporting national events.”
The company added 48 new colleges or universities during the first half of 2015, including strategic wins with Brown University, Temple University, and Mercer University. This brings our customer base to 760 Higher Ed institutions, maintaining market share lead.
Strategic wins this period included Northern Trust and TransUnion adding to the list of over 120 financial services firms that rely on WealthEngine to leverage customer analytics and insights, marketing segmentation, and targeting high-net-worth clients.
“Financial services will be essential growth engines for us in the future. We present a strong value proposition and ROI particularly for private bankers looking to target and secure new clients”, noted Mark Logan. “WealthEngine will continue to make strategic investments in this market”.
Business operations here continued to thrive in the first half with significant signings at Marie Curie Cancer Care, Cardiff University, and The Open University. WealthEngine continues to be the market leader in the UK with 209 active clients, 24 new clients in the first half and 48% growth over the first quarter.
WealthEngine has a rich history of working with hundreds of fundraising consultants, dozens of donor management systems, large data companies and strategic CRM solutions. All twenty-six WealthEngine DMS and CRM partners have launched or neared completion of integrating with our latest wealth platform, FW8. As a Silver Salesforce ISV Partner, the company continues to build momentum with our Salesforce channel. Second quarter revenues including customers who utilize a Salesforce integration grew at 56% year over year.
WealthEngine™, Inc. is the leading provider of predictive marketing analytics, audience development and wealth intelligence services to nonprofit organizations, financial services, and luxury brands. Approximately four thousand clients use WealthEngine’s products and solutions for comprehensive consumer insights. Headquartered in Bethesda, MD, WealthEngine serves both the United States and the United Kingdom. For more information, please visit www.wealthengine.com