Last week we held our annual company meeting. This is the time when as a company we reflect on our past year, celebrate our accomplishments, review our mistakes, and set the tone for the next year. Our customers may be interested in a brief report.
In 2007 we made three major releases. Each release was packed with much new functionality. Among them was the concept of parameters which glue Caspio Bridge apps together or connect Caspio Bridge apps with other apps. Parameters provided many new possibilities for our users. Instant app localization and extensive data formatting plus new data presentation options were other highlights of these releases. We also developed and implemented innovative back-end infrastructure technology that allows us to scale Caspio Bridge enormously. It enables us operate a distributed grid of Caspio Bridge nodes. We are very excited about the potentials of this new infrastructure.
Almost all of our production servers were replaced with new and we upgraded our databases to Microsoft SQL Server 2005. In the future releases we begin utilizing some of the enhancements provided in SQL Sever 2005.
Early in 2007 we formed a new business unit to focus entirely on the needs of the online media organization, primarily newspaper and TV web sites. A year later, Caspio has become the de facto standard in this industry and we now serve hundreds of leading newspaper and TV web sites. We will continue to invest in innovations and solutions that will make our online media customers more successful.
Our revenues grew by over 130%. We expanded our team and moved to new headquarters in Mountain View, California.
We also learned valuable lessons from the decisions that didn’t quite work out the way we intended them. For example the idea of opening a support center in Scottsdale, Arizona seemed to be a good one, however challenges in managing the remote office turned out to outweigh most of its benefits. After about eight months we shut down the office and stopped the distraction.
In future posts I will share with you our plans for 2008. I can say this now that we are preparing for large scale growth. We have already prepared additional office space for housing new team members. We are also working on some fantastic new features that are bound to get you excited. The Caspio team is just warming up!