Boomi continues to innovate with multiple years of more than 50 percent growth in product R&D and the appointment of Steve Wood to Chief Product Officer
ROUND ROCK, Texas – January 17, 2018 – Dell Boomi
(Boomi), the leading provider of cloud integration and workflow automation software to build The Connected Business, announced continued acceleration in research and development (R&D). The acceleration includes a commitment that the coming year will be another year of growing investment in R&D by more than 50 percent. In addition, Steve Wood has been promoted to Chief Product Officer to help lead the company's product-innovation efforts.
Boomi exists to help enterprises connect everything and engage everywhere across any channel, device or platform. The Boomi platform equips enterprises to improve productivity, accountability and collaboration across business units and with customers and partners to build The Connected Business and drive digital transformation efforts. Boomi helps to transform businesses, enabling them to adopt best-of-breed cloud, while understanding the realities of the enterprise.
A clear trend toward greater connectivity was identified in a Vanson Bourne survey, “The Connected Business: Improving integration and creating connectivity in 2018,” which highlights the impact poor integration can have on organizations. Nearly two thirds (64 percent) of enterprises have missed at least one opportunity in the past twelve months due to poor connectivity. And a further 11 percent admit they may be missing opportunities without even realizing.
Eighty-six percent of IT decision makers believe becoming a more connected business would mean revenue growth for their organization over the course of twelve months. Despite the potential to achieve an average revenue growth of 10 percent or approximately $500M within this timeframe, the report found that six in ten (59 percent) think their organization is struggling to become more connected. Additionally, the Vanson Bourne report stated more than half of CIOs surveyed said successful integration will be crucial to remaining competitive over the next five years.
“Right now, enterprises without cloud integration capabilities are experiencing digital disruptions and missing the potential for huge productivity gains,” said Boomi's CEO, Chris McNabb. “More and more companies are facing the reality of their current enterprise needs by deciding to leapfrog the competition, modernize and move to best-of-breed cloud applications. Our continued, significant investment in R&D and the appointment of Steve Wood to Chief Product Officer shows that we are committed to helping our customers build a Connected Business in order to drive innovation and create revenue opportunities.”
Multiple Years of 50 Percent Growth in R&D
Even after increasing R&D investment in 2017 by 50 percent and moving corporate headquarters in 2017 to a larger facility, Boomi expects to grow the company’s product investment an additional 50 percent in 2018. The company doubled sales capacity in the last year and expects to double it again in the coming year.
Steve Wood Leads Product Innovation
As Chief Product Officer for Boomi, Steve Wood will lead product innovation. Wood joined Boomi through the acquisition of ManyWho, a cloud and low-code development platform, in March 2017. Wood's previous venture, Informavores, was created to help ease managing customer-service processes by using APIs, cloud and social media across multiple devices, and it boasted blue-chip customers. Wood sold Informavores to Salesforce.com in late 2009 and joined taht company as its Vice President of Product Management.
“What the survey demonstrates is that organizations are hungry for a unified integration solution that can keep pace with the demands of their business,” Wood said. “With Boomi, our customers have access to a solution to connect everything so they can engage everywhere across any device or platform. Our growth and investment in R&D demonstrates our commitment to Boomi’s pioneering spirit and delivering revolutionary products.”
For the latest press release with more details on Dell Boomi’s product innovation, please visit: https://boomi.com/press-releases/dell-boomi-fall-2017-release.
For more survey findings and to learn how Boomi can help your organization become a Connected Business, please visit: https://boomi.com/blog/boomi-invests-integration-building-connected-businesses.
About Dell Boomi
Dell Boomi (Boomi), an independent business unit of Dell, is the leading provider of cloud integration and workflow automation software to build The Connected Business. Boomi helps more than 6,700 organizations accelerate business agility by connecting data and applications to run faster and smarter. Visit http://www.boomi.com for more information.
© 2018 Boomi Inc. Dell, Boomi, and Dell Boomi are trademarks of Dell Inc. or its subsidiaries. Other names or marks may be the trademarks of their respective owners.
Hotwire PR for Dell Boomi
Beth Johnson Dell Boomi
Statements in this material that relate to future results, future hiring, and future events or investment are forward-looking statements and are based on Boomi’s current expectations. In some cases, you can identify these statements by such forward-looking words as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “confidence,” “may,” “plan,” “potential,” “should,” “will” and “would,” or similar expressions. Actual results, hiring, customer trends, and events in future periods may differ materially from those expressed or implied by these forward-looking statements because of a number of risks, uncertainties and other factors, including the challenge of finding and onboarding new personnel, marketplace trends, ongoing management attention to the market, the uncertainties associated with technology changes and the development and release of new technology. Boomi and Dell Technologies assume no obligation to update any such forward-looking statements.