Thursday, September 16, 2010

Hubspan Trumpets Growth

Seattle-based Hubspan, a developer of software-as-a-service for electronic data integration, said today that it has seen "record growth" in 2010. The privately held firm said it quadrupled new revenue from channel sales and doubled direct sales revenue in 1H 2010 compared to the same period last year. Actual financial results were not released by the privately held firm. The firm attributed the growth to its expansion in the channel, its customer retention rate, and more adoption of cloud-based solutions. Hubspan is venture backed by Hunt Ventures, Intel Capital, Scale Venture Partners, and SeaPoint Ventures.