WaveMaker Finds Pot of Gold On Top of Cloud

WaveMaker started 2009 staring into the abyss and ended the year on top of the clouds - funny how things work out in the startup world. During the year, WaveMaker doubled annual revenues and achieved profitability while also increasing quarterly sales by over 53%.

The biggest momentum driver came from the success of our Cloud Quick Start Partnership with IBM, Amazon and RightScale. We also started seeing significant sell-through from SaaS ISVs and systems integration partners.

WaveMaker's position as the only open source cloud development platform makes it a "must have" cloud ecosystem partner. WaveMaker is ideal for ISVs who want to SaaS-enable their offerings and enterprises who want an easy way to take advantage of cloud computing's compelling economics.

Analysts groups are jumping on board as well - Gartner alone produced 9 reports featuring WaveMaker in 2009! Here are some of my favorite quotes from the year:

• "Our walk into the cloud with WaveMaker turned out to be a very short journey - and a pleasant one!" - Mark Angel, CTO KANA
• "Consider WaveMaker Cloud Edition if you want a 4GL-style development tool that uses standard technologies and open-source frameworks, and you wish to create new SaaS-style offerings." - Eric Knipp, Research Analyst, Gartner Group
• "I predict that WaveMaker will be an important cloud company to watch in 2010!" - Judith Hurwitz, President Hurwitz & Associates
• "2010 just might be the year to crown WaveMaker the PowerBuilder for the web" - Brian Gentile, CEO JasperSoft

2009 was a tough slog - we are determined to make 2010 a victory lap!