Eficode reaches 37% growth rate and keeps expanding internationally
Key growth drivers are recurring revenue from Eficode ROOT DevOps Platform and increasing share of international customers
Helsinki, Finland, 27th of August 2020 -- Eficode, Europe’s leading DevOps company, announced that its revenue grew over 37 % in the last six months of the fiscal year ending June 30th, 2020. The total revenue in the fiscal year exceeded 30 million euros, of which more than 30% from outside Finland.
The challenging global economic situation has created a demand for DevOps culture and DevOps tools in many ways: to improve efficiency in software development and operations, or to capitalize on the business potential in the changing market conditions. The DEVOPS 2020 event organized by Eficode in April had record attendance. A significant majority of the audience participated in this online event from outside Finland, reflecting an overall shift to Eficode’s business becoming international.
During recent months, a number of customers have selected Eficode ROOT DevOps Platform, including S-Pankki and Lähitapiola in Finland, and Bankdata in Denmark. The upcoming deadline for EU Website Accessibility Directive has resulted in over 120 accessibility projects, making Eficode the largest provider of accessibility and UX research. Most recently, Oikeusrekisterikeskus (Legal Register Centre) in Finland selected Eficode to ensure accessibility to its digital services.
In March, Eficode received Atlassian’s global Partner of the Year award in DevOps - second time in a row. The close collaboration and the recognized expertise in Atlassian solutions resulted in several new customers, and expansions with existing customers, especially in Scandinavia. Eficode also became one of the first Atlassian partners in Europe to provide Jira Align, an enterprise agile solution, for its clients and is now offering help for companies around the world to scale their agile ways of working.
As a significant achievement, Eficode was recognized in Gartner’s Hype Cycle for Agile and DevOps, 2020. The Hype Cycle includes key approaches and technologies used to support a DevOps initiative.
“Despite the challenging market conditions, I am very pleased with the strong revenue growth and growth of our international business,” said Ilari Nurmi, CEO at Eficode. “As we grow, we continue to deliver the benefits of DevOps culture and tools more widely: gaining confidence in software development, improving cost-effectiveness in development and operations, and delivering more competitive software. I want to extend my gratitude to all Eficode employees for their dedication and perseverance and to customers for their trust and support.”
Media contacts
Lauri Palokangas, Chief Marketing Officer, Eficode. lauri.palokangas@eficode.com, +358 50 486 4918
About Eficode
Eficode is the leading DevOps company in Europe, driving the DevOps movement and building the future of software development across seven countries with more than 300 professionals in DevOps, and sustainable software development. Our managed service, Eficode ROOT DevOps platform, provides centralized access control and real-time visibility of project status, quality, and performance, integrating over 40 of your preferred tools such as Atlassian stack, and open source systems like Jenkins and Kubernetes. For more information, visit https://www.eficode.com/.
