SAN JOSE, CALIFORNIA – MARCH 17, 2020 – CloudBees, the enterprise software delivery company, today announced a 55% increase in annual recurring revenue for the fiscal year ending January 31, 2020. The record results capped a successful 12-month stretch marked by key acquisitions, a new strategic vision for the industry, an investment in the company by a global bank, strong growth in customer engagements and industry recognition.
“Our achievements this past year illustrate how CloudBees is not only serving a market need but also helping to define an evolving industry,” said Matt Parson, chief financial officer, CloudBees. “As we cross $100 million in ARR, we are positioned for our best year ever.”
During the year, CloudBees rolled out a new forward-looking vision for turning software delivery into a core business process. Its vision for Software Delivery Management (SDM), unveiled during the DevOps World | Jenkins World conference last August, breaks down silos by linking, all teams, tools and technologies for the efficient continuous delivery of software. SDM also integrates wider non-IT business functions across the company, providing an unprecedented level of visibility via common data, universal insights, connected processes, and unparalleled collaboration.
“The software delivery market will continue to grow as organizations undergo DevOps transformations and drive greater business value as a result of their efforts,” said Sacha Labourey, chief executive officer and co-founder, CloudBees. “However, you’re never really finished. There are always additional processes to automate and optimize, and demands from business functions for more insight into the overall software delivery flow. Our Software Delivery Management offering accomplishes this by layering a seamless set of services on top of CI/CD automation. We’re excited about the future of the industry, as SDM will make software delivery a more holistic process across the organization, integrating insights and stakeholders in ways that were not possible before.”
Building on its vision, CloudBees was active on the acquisition front. The company acquired a pair of industry leaders – continuous delivery and application release orchestration (ARO) provider Electric Cloud and feature flag management provider Rollout. The two acquisitions deepened the strength of CloudBees’ offerings across the software delivery spectrum, establishing the company as the first end-to-end provider of continuous integration, continuous delivery, continuous deployment and ARO solutions. Both acquisitions contributed to CloudBees growth. Rollout, alone, grew its user base by 220% and increased ARR more than 5x over the previous year.
The company extended its core product line in new and innovative ways. CloudBees extended its partnership with Google Cloud with the introduction of CloudBees CI/CD powered by Jenkins X, a SaaS solution running on Google Cloud Platform. CloudBees also introduced a set of capabilities to support SDM, giving product teams and stakeholders the central visibility and actionable insights critical to managing the on-time delivery of quality software that customers want, and positively impacts business outcomes. This includes product hub, policy engine, report engine with custom querying, feature management and various tool integrations.
To drive growth for the future, CloudBees announced a $10 million investment from HSBC, one of the world’s largest banking and financial services organizations and a significant CloudBees customer. The announcement represents a follow-on to investors’ $62 million round of growth capital in CloudBees in 2018, bringing total funding in the company to more than $120 million.
Customer growth also accelerated, with the number of customers growing by 34% over the prior year, reflecting the continued demand for DevOps tools and CloudBees’ success as an industry leader. New customers subscribing to CloudBees’ solutions include Airbnb, East Side Games, Fox Corporation, Nationwide Building Society, RE/MAX, Starbucks and Westfield Insurance Company.
CloudBees also achieved other milestones throughout the year:
- Analyst recognition: Highest rankings in Gartner Critical Capabilities and Magic Quadrant reports
- Industry awards: Forbes Cloud 100, SD100, DevOps Dozen and Wealthfront Career Launching Companies
- Partner traction: Strong collaboration with key alliance partners such as Google (Google Anthos, Google Cloud Run, CloudBees CI/CD powered by Jenkins X), AWS and Atos
- Industry advancement: CloudBees played a key role in the launch of the Continuous Delivery Foundation, which brought the popular Jenkins and Jenkins X projects under the umbrella of the Linux Foundation
CloudBees, the enterprise software delivery company, provides the industry’s leading DevOps technology platform. CloudBees enables developers to focus on what they do best: Build stuff that matters, while providing peace of mind to management with powerful risk mitigation, compliance and governance tools.Used by 50% of the Fortune 100, CloudBees is helping thousands of companies harness the power of continuous everything and gets them on the fastest path from great idea, to great software, to amazing customer experiences, to being a business that changes lives.
Backed by Delta-v Capital, Matrix Partners, Lightspeed Venture Partners, Verizon Ventures, Golub Capital and Unusual Ventures, CloudBees was founded in 2010 by former JBoss CTO Sacha Labourey and an elite team of continuous integration, continuous delivery and DevOps professionals. Follow CloudBees on Twitter, Facebook and LinkedIn.