Falcon.io Closes Its Fiscal Year With Bumper Revenue Growth and an Acquisition.
- Press all
NEW YORK – February 22, 2018 – Falcon.io, a leading social media and customer experience SaaS platform, closed its fiscal year this month with a 40% organic revenue growth. This week the company also announced its acquisition of social media platform Komfo in an all-cash deal.
The New York- and Copenhagen-headquartered company has expanded its customer base to approximately 1,500 with the addition of brands such as Goodyear Dunlop and Time Inc. UK. At the same time, it is reporting a 45% year-over-year client growth rate in the United States.
In other 2017 highlights, Falcon.io scored two industry firsts by being the first social media suite to support Instagram Stories publishing as well as advanced Instagram measurement. In the same period, the Falcon platform added full Facebook page metrics.
CEO Ulrik Bo Larsen says that Komfo’s social advertising and analytics capabilities will greatly augment the Falcon platform – as will the wealth of talent from Komfo that will join the Falcon.io team. He adds:
“Komfo’s social media advertising and analytics offering is world-class, and we can’t wait to bring it to our customers around the world. By the same token, we’re thrilled to provide an even broader and stronger offering to the Komfo customers.
At Falcon.io, we will be strengthening our team with some extremely talented new colleagues. With these new additions to our platform and team, we can be sure that 2018 will be an even more amazing year in terms of corporate momentum.”
The acquisition of Komfo consolidates Falcon.io’s position as the European market leader. Komfo’s existing customer base will immediately join Falcon.io’s, while the majority of Komfo staff will join Falcon.io’s Copenhagen, New York, Berlin and Budapest offices, as well as remain at Komfo’s former office in Sofia, Bulgaria, which will become a Falcon.io location.
This development marks the latest milestone in a sustained period of growth in which Falcon.io exceeded its revenue targets, while earning a ‘Leader’ rating on business software and services review site, G2 Crowd.
Falcon.io offers an integrated SaaS platform for social media listening, engaging, publishing, measuring and managing customer data. The company enables its clients to explore the full potential of digital marketing by managing multiple customer touchpoints from one platform. Falcon.io’s diverse and global client portfolio includes Carlsberg, Toyota, William Grant & Sons, Momondo, Panasonic, Coca-Cola, and many more.