MindTouch Reports A Big Revenue Jump
MindTouch has reportedly grown its revenue very aggressively in its past fiscal year. According to VentureBeat, “in the year ended October, the company says its revenue grew 612 percent while the number of customers grew 368 percent.” The company blogged about the news earlier this week.
This is a big number but not unexpected. MindTouch was growing from a small base — MindTouch is an open source company — and the wind was most certainly at the company’s back in 2007-2008. As someone who predicted a 47% CAGR for the enterprise Web 2.0 market its nice to see these kinds of numbers, though clearly they are not going to be typical for the industry as a whole.
No word yet if the company is profitable — my gut says no — but in either case congratulations to Aaron and the team.
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