Industry Summary Articles

Tasktop today announced that during the record-setting first half of fiscal year (FY) 2018 – covering the reporting period Oct. 1, 2017 to March 31, 2018 – the company doubled its year-on-year subscription revenue vs. the same period of the prior fiscal year. New customer brands from its direct business increased by 60 percent compared to last year’s FY, while revenue from partners remained strong as well.

Tasktop’s strong revenue growth has been driven by a market that increasingly understands the value of Value Stream Integration. 

According to Neelan Choksi, Tasktop president and COO, “We've had an incredibly strong start to our year, which reflects the growing demand for value stream management solutions. More and more organizations are realizing that Agile and DevOps aren't enough to provide the visibility CIOs need to align the software they're delivering with critical business needs. For organizations seeking to transform their development environments into real digital business drivers, Tasktop is clearly the way to go.” 

Q1 2018 highlights included the following:

Employee Growth

Tasktop increased its global staffing, with significant growth in both its Vancouver headquarters and Austin (U.S. headquarters) offices. Overall, headcount grew by more than 30 percent during the past twelve months (from April 1, 2017 to March 31, 2018), while go-to-market team staffing increased by 50 percent during this period.

Leadership

Dominica DeGrandis joined the company as director of Digital Transformation. In this role, she helps grow market awareness of Tasktop within the DevOps community and assists organizations to better understand, visualize and optimize their value streams. DeGrandis is a regular speaker at global DevOps and Lean events and her latest book: Making Work Visible: Exposing Time Theft to Optimize Work & Flow, was published in November 2017.

Integrations

In the first half of FY 2018, Tasktop augmented its Tasktop Integration Hub with an integration with Intland’s codeBeamer ALM, an application lifecycle management tool that enables teams to manage their requirements, software development, testing and quality assurance, risk management, variants management and more. Driven by a number of Tasktop’s automotive, medical and defense customers, this codeBeamer integration with Tasktop guarantees real-time stakeholder collaboration across the lifecycle to enhance productivity and reduce costs and time to market.

Awards/Charity

During this period, Tasktop was once again named to the 2018 Ready to Rocket list. The company also launched the Tasktop Community program to give back to the communities in which its employees live and work.

To view the original press release, please click here.

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