As published in PRNewswire, February 15, 2018
eRelevance Corporation, the leading customer marketing service for small- to medium-size businesses (SMBs), today announced a more than 100 percent increase in annual recurring revenue (ARR) in 2017—maintaining triple-digit revenue growth for the third year in a row.
In 2017, the company increased its ARR to $7.5 million, from $3.6 million in 2016, while growing its customer base to over 1,100 customers.
"We continue to grow our revenue at more than triple digits year over year," says eRelevance CEO and Co-founder Bob Fabbio. "Business momentum continues by all measures, including customer acquisition and retention. We remain firmly committed to providing SMBs with a sophisticated, turnkey customer marketing service, at a price they can afford. While our core customer base is elective healthcare providers, we plan to pursue additional verticals, providing exponential growth opportunities for the business."
In addition to its revenue and customer gains, the company also achieved several notable milestones in 2017, including:
- Secured $5.1 million in funding
- Grew employee count by 48%
- Named one of the Best Entrepreneurial Companies in America by Entrepreneur magazine
- Rolled out its national marketing education tour for aesthetic healthcare practices
- Released the 2017 State of Healthcare Marketing Report
About eRelevance Corporation
eRelevance powers its clients' growth with a game-changing customer marketing service that increases the lifetime value of their customers. Pioneering the category of customer marketing automation as a service, the company provides sophisticated customer marketing done by marketing experts equipped with advanced, proprietary technology. By simplifying sophisticated customer marketing and making it available at an affordable price, eRelevance has earned the trust of over 1,100 small businesses, with a focus on delivering consistent and measurable business impact.
Privately funded and based in Austin, Texas, eRelevance is one of Entrepreneur magazine's 2017 Best Entrepreneurial Companies in America, a Red Herring Global 100 winner, one of BuiltInAustin's Top 50 Startups to Watch, Austin Inno's50 on Fire, and a member of the Forbes Agency Council. For more information, visit erelevancecorp.com.