SOA Software Closes Another Profitable Year

Convergence of API Management and SOA Governance, Partnerships and International Expansion Fuel Growth

LOS ANGELES – February 18th, 2014 – SOA Software, a leading provider of API Management and SOA Governance solutions, today announced that it closed 2013 as a profitable year with double digit revenue growth over the previous year. With the increased pace of convergence of API Management and SOA Governance and new strategic partnerships, the company has benefited from a continued investment in robust enterprise-ready software.

“We saw growth in customer adoption of APIs and a convergence of API Management and SOA Governance, both areas where SOA Software has been traditionally strong and continues to be a thought leader,” said Paul Gigg, President and CEO of SOA Software. “We are uniquely well-positioned to grow our market leadership in API Management and will continue to bring innovative solutions to market.”

SOA Software’s ability to close a successful year reflects an increasing demand by enterprises to use APIs to deliver rich, integrated digital experiences through mobile devices, the cloud and other channels. SOA Software continues to deliver solutions to customers to address the growing demands of their digital business strategy with its focus and expertise in APIs, SOA, security, and enterprise applications.

Customers
SOA Software established new relationships and deepened existing ties with many Fortune 1000 companies in 2013. The company now includes the following organizations among its customers:

  • 3 of the 6 largest global pharmaceutical companies
  • 1 of the 2 largest international BioPharma companies
  • 2 of the 5 largest global insurance companies
  • The top retail drug/pharmaceutical company in the world
  • The world’s largest non-alcoholic beverage company in the world
  • The largest chip manufacturer
  • The world’s largest shipping company
  • The top 2 banks in the United States
  • The top title insurance company in the United States
  • 3 of the top 5 airline companies in the United States
  • 1 of the top 2 United States railroads
  • The largest telecom company in the US
  • The largest defense contractor in the US
  • The largest private pension plan in the United States

Product Innovation
SOA Software continued to successfully innovate in 2013. It released the first Datacenter API platform to provide greater flexibility and efficiency for the management of datacenter infrastructure and applications. It enhanced its leadership position in the industry by delivering an integrated solution for API Management and SOA services, which is increasingly recognized as a crucial hallmark for mature enterprises. SOA Software also consolidated its position as a leading API security provider by introducing the industry’s first unified Gateway for APIs and SOA services. SOA Software will continue investing in its API Management platform and exceeding customer expectations through sustained improvements in usability, performance, scalability, and security features in 2014.

Partnerships
The company received Microsoft Gold ISV certification and launched a new product specifically designed to extend applications built with Microsoft technology as APIs.  SOA Software’s long-standing relationship with IBM has continued to be a lucrative one. SOA Software has extended its product offerings for IBM by enabling REST support for IBM DataPower. The company also entered into strategic partnerships with several large system integrators including Wipro Systems, Perficient and Persistent Systems, to help its customers implement their API and SOA Strategies. These strategic partnerships enable the company to focus on core product innovation, while relying on the deep expertise of these strategic partners to make our customers successful with product implementations.

Awards
SOA Software was again recognized in 2013 for product and corporate leadership. The company was recognized as a “Leader” in the 2013 Gartner Magic Quadrant for Application Services Governance. Gartner recently introduced the term application services governance to refer to the union of SOA governance technology and API management, with the view that these aspects will be unified.

About SOA Software
SOA Software is a leading provider of API Management and SOA Governance products that equip business to deliver APIs and SOA together to drive their company to meet its business strategy quickly and effectively. SOA Software’s technology helps businesses to accelerate their digital channels with APIs, drive partner adoption, monetize their assets, and achieve agility and operational excellence across their applications and datacenters. Some of the world’s largest companies including Bank of America, Pfizer, and Verizon use SOA Software products.  SOA Software is also recognized as a “Leader” by Gartner in Application Services Governance MQ and as a leader by other analyst firms. For more information on SOA Software’s API Platform, see http://www.soa.com

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