Scribe Software Reports Growth in Strong Q1

Scribe Software, a data integration provider, has announced some details of its financial performance for its first quarter, ending March 31st, including increased sales of almost 20% over the same time last year. Scribe's enterprise business alone doubled in the same time period and experienced a 30% growth in March 2011 over March 2010.

"Our Q1 results validate our partner model, cloud strategy, and teamwork," said Lou Guercia, CEO and president of Scribe Software, in a statement. "When I started with Scribe in June 2010, our number one goal was growth and that's exactly what we're doing. We're strengthening our established services while moving into the cloud. We're expanding overseas as well as in North America. We're winning more deals, and we're hiring more people. We're building on a decade of success with innovation in our technology and investment in our development."

Globally, Scribe reports it is expanding its market share. In 2010 the company grew 30% in Europe, the Middle East, and Africa (EMEA). It also announced major deals in the United Kingdom and South Africa in the first quarter of 2011. And Asia Pacific is keeping pace with major Q1 2011 deals in Australia, according to officials.

Earlier this month, Scribe announced its new cloud-based platform and its inaugural service, Scribe Online Replication Services. And more than 20 of Scribe's partners are using the flexible Scribe Online framework to create, package, and distribute data integration solutions, according to the company.

"We now have the right team in place to accelerate Scribe's growth, not only in the United States, but also internationally," said Ben Coes, a partner at The Mustang Group and a member of Scribe's board of directors, in the statement.

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