Low-profile Winshuttle beats the recession, posts record revenue |
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Low-profile Winshuttle beats the recession, posts record revenue
Winshuttle is one of those startup companies that doesn't get a lot of attention, in part because it operates in a technological field that -- quite frankly -- isn't that sexy. After all, when was the last time you heard someone getting excited about seamlessly transporting data between Microsoft Excel and SAP.
But as the Bothell software company flies quietly under the radar, it is growing fast and raking in real money. In this economic climate, that really means something. Today, the 70-person company plans to promote former Aventail Chief Operating Officer Lewis Carpenter to the position of CEO. And it plans to announce a strong fourth quarter, signing up 38 new accounts and posting a 34 percent revenue gain over the previous quarter.
It recently opened a new Paris office to support growth in Europe. And it hired four new employees last month, with plans to add another 15 to 20 workers this year. The company also is profitable, with executives expressing confidence that it will grow by 70 percent this year despite the recession.
"Other than a few deals being delayed, we are not seeing any real negative impact of the economy," said co-founder and chairman Vikram Chalana.
Founded in 2003 by Chalana and Rajat Oberoi, Winshuttle is growing by doing something really simple: focusing on nailing a niche with top notch customer support. (Ninety 93 percent of customers in a company survey said they would recommend the product to a friend or business acquaintance.)
Winshuttle's main product also helps companies save money, with Chalana telling me that the software basically allows companies to do more with less. "Our software has a very concrete value proposition," he says.
Carpenter, who previously served as president and COO of Winshuttle, is taking over the reins from Chalana who will remain chairman and CTO. Before Aventail, Carpenter worked in executive roles at FileNet.
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