BOSTON, Feb. 05, 2019 (GLOBE NEWSWIRE) -- Bynder, the global leader in digital asset management (DAM), is proud to announce a strong finish to a year of significant company growth. After beginning 2018 with the strategic acquisition of Webdam in February, Bynder finished the year with a company-best Q4 driven by product updates, a rapidly growing client base, a hugely successful OnBrand event and the introduction of a new Chief Product Officer, Kevin Broom, to the executive team. In 2018, Bynder experienced nearly 30% year-over-year growth in new clients secured, in addition to a 40% increase in annual recurring revenue compared to 2017.
Highlights from Q4 2018 include:
- Customer wins - In addition to expanding relationships with existing accounts, Bynder welcomed a total of 115 new clients worldwide in Q4, providing an impressive finish to an already record-breaking year of company growth. With these additions, Bynder now powers digital asset management for over 1,500 brands worldwide.
- Product upgrades - In Q4, Bynder unveiled a series of product updates and enhancements, expanding the platform’s capabilities and making it easier than ever for marketing and branding professionals to create and manage their assets. Bynder introduced a new 360° Image Viewer to allow users to more fully experience images, an updated Wordpress integration to enable users to upload documents, videos and audio clips in addition to images, and public video derivatives, empowering users to publish smaller versions of video files without compromising confidentiality. Bynder also introduced a variety of features to facilitate more seamless, self-serviced asset management at every stage, including the ability to restore deleted files, independently manage their taxonomy with Smart Filter Management, ensure their assets are completely up to date with Automatic CloudFront Invalidation, and gain insight into their Bynder portal’s usage and storage with Cockpit.
- Industry Events - In October, Bynder hosted its fourth annual OnBrand event, a cutting-edge gathering of marketing and branding professionals from leading global brands. Boasting an astounding 1500% growth in attendance since its 2015 kickoff and notable speakers from National Geographic, Amazon, Refinery29 and TOMS, OnBrand 2018 cemented its status as Europe’s leading branding conference. Following its own successful event, Bynder also presented at OnBoard 2018 alongside other cutting-edge companies including IBM, hp and Netflix.
- Company growth and culture - In Q4, Kevin Broom joined Bynder as Chief Product Officer, bringing over 20 years of executive experience in product, tech and global operations. Stationed in New York, Kevin will manage all product and technology initiatives globally.
“It has been an unprecedented year of growth at Bynder. Even as the company grows, we never lose sight of our mission to inspire creativity and collaboration by providing brands with a platform that powers their organization,” says Bob Hickey, COO of Bynder. “We remain committed to working closely with our clients to offer a superior solution that works for them. 2019 is poised to be an extremely exciting year for our company and technology, and we can’t wait to continue building on this momentum.”
About Bynder
Bynder is the fastest growing digital asset management (DAM) solution, helping marketing professionals at the world’s most successful organizations create, share and organize the full lifecycle of their digital content in the cloud.
Founded in 2013 by CEO Chris Hall, Bynder has grown to 350+ employees in seven offices around the globe, including locations in the Netherlands, USA, Spain, UK and UAE. Known for its best-in-class user experience and customer support, Bynder has since earned spots on the 2015 and 2017 Deloitte Technology Fast 50, with recognition by the Financial Times as the 20th fastest growing company in Europe in 2018.
Bynder is backed by Insight Venture Partners and in February 2018 announced the strategic acquisition of the California-based digital asset management solution, Webdam. Together, Bynder and Webdam help 1500+ customers like PUMA, Spotify, and innocent drinks manage their digital content. For more information, visit www.bynder.com.
Media Contact
Jennifer Harvey
jennifer.harvey@bynder.com
+31 20 820 3740
Josh Tammaro
bynder@launchsquad.com
(617) 945-1915