SAN FRANCISCO, CA--(Marketwired - May 23, 2013) - MuleSoft, provider of the world's most widely used integration platform to connect the New Enterprise, found in a survey that 57 percent of enterprise IT professionals indicated the need to modernize legacy applications using APIs to make it easier for applications outside the firewall to access their data. While respondents agreed that mobile and SaaS are critical to their long term IT strategies, exposing their existing applications to be consumed by mobile and other external applications remains a primary obstacle.
"There is massive buzz around SaaS, mobile and Big Data, but the secret nobody talks about is that you can't make it work without connectivity," said Ross Mason, founder and vice president of product strategy at MuleSoft. "This survey shows there is powerful market demand for integration solutions, driving a new era of hyperconnectivity. In 2012, 60 percent of MuleSoft's new revenue involved SaaS and/or mobile integration -- proof that we are making good on our mission to alleviate the $500 billion integration pain point."
In the 2013 Global Mobile, API and SaaS Enterprise Adoption Survey of 300 enterprise IT professionals across a variety of industries, MuleSoft found that enterprises embarking on SaaS and mobile strategies encounter significant integration challenges, with APIs being a key strategy in solving the problem:
- 56 percent said there are initiatives around mobile apps within their organization, and enabling mobile apps is a top priority for respondents who do not yet have a mobile app strategy
- Almost half responded that managing the performance and security of mobile APIs was one of the biggest obstacles to executing on their organization's mobile app strategy
- While SaaS promises to reduce complexity, over 60 percent indicated SaaS adoption resulted in IT infrastructure becoming more complex or at least the same
- Over 80 percent responded that they have either embarked on an API strategy or felt strongly that there should be one as part of their company's overall IT strategy
Device and data driven initiatives represent a potential opportunity to create new sources of competitive advantage; however, the survey found that IT professionals and businesses are challenged to integrate these fragmented endpoints to create that advantage, even as the volume and potential value driven by those connections continues to grow exponentially.
MuleSoft's Growth Fueled by the Explosion of SaaS and Mobile Connectivity Requirements MuleSoft has experienced massive growth as a result of the convergence of SaaS, mobile and Big Data, underscoring the need to leverage APIs and bridge the gap between legacy applications and new technology strategies. In the era of the New Enterprise , companies must combine applications, data, partners and customers into a single, high performing entity. This need for hyperconnectivity is a significant catalyst driving adoption of the Anypoint Platform and MuleSoft's continued momentum.
The company closed another record-setting quarter at the end of March, more than doubling Q1 revenues year-over-year at 109 percent, and attaining other key milestones to date in 2013, including:
MuleSoft Financial Highlights and Customer Wins
- Announced a $37 million investment led by NEA; other investors included salesforce.com, as well as returning investors Hummer Winblad Venture Partners, Morgenthaler Ventures, Lightspeed Venture Partners, SAP Ventures and Bay Partners
- Acquired ProgrammableWeb , the popular online destination used by developers worldwide to help build Web, mobile and other connected applications through APIs
- Added new customers worldwide, including Toyota Australia, B/E Aerospace, Restoration Hardware, University of Pennsylvania, Morrisons, Assurant and Black Hills Corporation, along with many other leading enterprises across industries
MuleSoft Product Innovations
- Unveiled the Anypoint Platform -- completed by the introduction of APIkit, Anypoint Service Registry and Anypoint API Manager -- the next generation integration platform that creates a blueprint for the New Enterprise, without the need for costly, time-intensive point-to-point integration
- Achieved record growth and new milestones for Dataloader.io, the world's first "no software" cloud-based data loader for Salesforce , with nearly 800 million total records processed for over 17,000 Salesforce customers since its launch last year on Salesforce AppExchange
- Unveiled 55 new connectors and integration apps, on top of more than a hundred already available; continued momentum in the community and partner ecosystem, including partnerships with leading SaaS providers and systems integrators (SIs) such as Wipro, ServiceSource and StackMob
MuleSoft Global Expansion and Industry Accolades
- Appointed software industry veteran Uri Sarid as Chief Technology Officer
- Expanded its global presence to meet increasing global demand with new regional headquarters in Sydney and Buenos Aires, as well as new offices in Atlanta and New York
- Held Mule Summit 2013: Connecting the New Enterprise, the industry's premier integration event, with record attendance of over 1,010 registered attendees across eight cities worldwide
- Awarded "Best Integration Solution" in the SIIA CODiE awards, recognized as one of the top companies in the San Francisco Bay Area's "Best Places to Work" by the San Francisco Business Times and San Jose/Silicon Valley Business Journal, and named to the AlwaysOn OnDemand 100 Top Private Companies list in the "Cloud-Applications Platform" category
"MuleSoft is scaling rapidly to meet the demand for integration as companies come to terms with the challenges they face as they move to the cloud," said Greg Schott, president and CEO of MuleSoft. "Today's successful companies are harnessing the power of an explosion of applications, data, partners and customers, connecting and combining them to form a single high-performing entity. In this era of the New Enterprise, companies must connect to compete, and our platform is the key to winning."
About MuleSoft MuleSoft provides the most widely used integration platform to connect any application, data service or API, across the cloud and on-premise continuum. As SaaS, mobile and Big Data converge, enterprises face a choice: become overwhelmed by the resulting explosion of endpoints or seize the opportunity to gain competitive advantage. Companies can no longer compete with just the assets, technology and talent within their four walls. In the era of the New Enterprise, companies must combine an explosion of applications, data, partners and customers into a single, high performing entity. Founded on the idea that connecting applications should not be hard, MuleSoft helps organizations harness the power of their applications through integration. Delivered as a packaged integration experience that eliminates costly point-to-point code, MuleSoft's Anypoint Platform combines Mule ESB , CloudHub and Anypoint Connectors with capabilities for API creation, publishing and management. Supporting billions of transactions per day, MuleSoft is used in production by global leaders in major industry verticals, including Walmart, MasterCard, Nokia, Nestlé and Honeywell, and powers integrations with leading SaaS vendors such as salesforce.com, NetSuite, Workday, Intuit and Box.
Learn more: www.MuleSoft.com Read the blog: Blogs.MuleSoft.org Follow us on Twitter: @MuleSoft
Media Contact Bhava Communications for MuleSoft Melissa Czapiga mulesoft@bhavacom.com 510-984-1525
