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OpenSpan's Record Breaking 2012 Year

TMCnews Featured Article


January 21, 2013

OpenSpan's Record Breaking 2012 Year

By Ashley Caputo, TMCnet Web Editor


Maybe some companies can learn from OpenSpan (News - Alert) as they have just announced its 2012 year-end results, acknowledging a record breaking performance.


OpenSpan is a provider for activity management and automation solutions and has created products to help the performance in the front-office, back-office and retail environment. With the recent release of its revenue reports, it is obvious its products are successfully meeting the needs of business owners.

For OpenSpan, they saw a 69 percent increase in overall revenues, with a 130 percent growth in software license revenue compared to 2011. This growth further fueled an increase in product development spend by more than 100 percent – now that’s incredible.

By finding a way to fuse together the new developments in technology, companies like OpenSpan have found ways to create an even faster and more affordable solution. In order to stand out, OpenSpan designed solutions for the back office, which most provider companies do not.

 "Another notable market trend is the uptake of user process automation and analytics solutions for back office operations,” commented Eric Musser, CEO for OpenSpan. "A largely untapped area for optimization in the enterprise, back office management is gaining visibility into transaction activity and analyzing processes to boost efficiencies that impact productivity and bottom-line results."

Along with its growth revenue and success on the market, OpenSpan has relocated its global headquarters to Atlanta, Georgia in order to account for the company’s more than 45 percent workforce expansion.

Not only are companies like OpenSpan providing affordable products to help small business owners, it’s also creating jobs that will help stimulate employment growth. In a country that has been plagued by such economic depression, companies like OpenSpan are creating a domino effect that will help promote positive change.




Edited by Carlos Olivera







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