Product information management leader continues strong growth – increases sales and customer base in Q1 2022
Ermatingen, Switzerland — April 12th, 2022 — Contentserv, the customer-centric Product Experience Cloud provider that enables brand owners and retailers to easily manage and personalize product content, starts this year with a record-breaking financial performance, reporting its best first-quarter results in the company's history so far.
“We have had an excellent first quarter, the best ever. Compared to Q1 2021, Contentserv kicked it up a gear and increased its new annual recurring revenue (ARR) by 95%. What a great performance.” said Michael Kugler, CEO of Contentserv.
Contentserv begins the year built on prior momentum from the strong growth reported in 2021. Compared to the same period last year, the software provider increased its new ARR by 95%. In the first quarter of 2022, the company won 62% more new customers from established brands such as Lenz and Japan’s leading pharmaceutical and healthcare company, as well as generated substantial revenue from existing clients. With ten global offices and over 300 multinational customers, Contentserv continues its rapid expansion across Europe, Asia and North America.
For many marketers, IT and global product teams, managing product information can feel like utter chaos. Data is siloed and scattered across systems and spreadsheets, wasting time and creating inconsistencies that hurt the customer experience. Contentserv’s Product Experience Cloud enables manufacturers, brand owners and specialized retailers to manage and optimize product content more easily — through one easy-to-use cloud platform. With product content optimized, businesses and IT teams can spend less time fighting fragmented data and more time focusing on delivering the rich, relevant and emotional product experiences that enhance their brand and ultimately delight customers.