Cleo Continues Significant Year-over-Year Growth, Further Expands Ecosystem Integration Category Leadership
Cleo, the pioneer and global leader of the world's Ecosystem Integration software category and provider of the Cleo Integration Cloud (CIC) platform, today reported 2022 results with strong year-over-year growth and solid profitability, delivered in spite of the market's continuing supply chain disruptions, and general economic uncertainty.
The company's strong 2022 performance can be attributed to Cleo's relentless focus on delivering highly scalable cloud-based integration solutions that enable the business ecosystems of its more than 4,100 customers in manufacturing, logistics & transportation, wholesale distribution and retail, among other sectors.
2022 performance highlights included:
"Cleo is rapidly distancing itself from alternative solutions in the Ecosystem Integration category by continually focusing on the three essential components of a complete solution: First, we are constantly innovating our platform, Cleo Integration Cloud, to give our customers precisely the integration capabilities they need. Second, we are enabling our customers' entire ecosystems through end-to-end integrations with the Cleo Network, not just making point-to-point connections like our competitors do. And third, we are gving our customers the confidence and control they seek to better manage and strengthen all their ecosystem relationships," CEO Mahesh Rajasekharan said. "I could not be prouder of Team Cleo for everything we are doing to continually innovate our platform and deliver billions in value annually to our customers worldwide."
Additional achievements for 2022 included:
"Our vision for B2B cloud integration and our strategy for delivering it are spot on for what the market needs," Rajasekharan said. "By continuing to execute with the maniacal focus on customer success that we have become known for, there will be no stopping Cleo as we further develop and lead the Ecosystem Integration category we originally defined."
About Cleo Integration Cloud
Cleo Integration Cloud (CIC) is a cloud-based integration platform, purpose-built to design, build, operate and optimize critical ecosystem integration processes. The CIC platform brings end-to-end integration visibility across API, EDI and non-EDI integrations that gives technical and business users the confidence to rapidly onboard trading partners, enable integration between applications, and accelerate revenue-generating business processes. On the platform, businesses have the choice of self-service, managed services, or a blended approach - ensuring complete flexibility and control over their B2B integration strategy.
Cleo is an ecosystem integration software company focused on business outcomes, ensuring each customer's potential is realized by delivering solutions that make it easy to discover and create value through the movement and integration of B2B enterprise data. Cleo gives customers strategic, "outside-in" visibility into the critical end-to-end business flows happening across their ecosystems of partners and customers, marketplaces, and internal cloud and on-premise applications. Our solutions empower teams to drive business agility, accelerate onboarding, facilitate modernization of key business processes, and capture new revenue streams by reimagining and remastering their digital ecosystem through robust application, B2B, and data integration technologies. For more information, visit www.cleo.com or call +1.815.282.7695.
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