Zipwhip Reports Record Revenue and SMB Subscriber Growth
October 29, 2013 - SEATTLE, WA
Zipwhip, the world's first text carrier, today announced record month-over-month revenue growth of 147 percent and a 312 percent month-over-month increase in landline and toll free number subscriptions. The company also reported a 190 percent month-over-month average growth in the number of landline and toll free text messages processed in its cloud. These month-over-month averages are from the last seven months of operation.
"We began text enabling landline and toll free numbers for businesses in March and couldn't be more pleased with our results," said Zipwhip CEO John Lauer. "In addition to our mobile products, all of us at Zipwhip knew that text enabling existing and familiar landline and toll free numbers had the potential to transform business communications."
Zipwhip's texting service makes it easier for small and mid-sized businesses to field customer inquiries, schedule appointments, send out reminders, take orders and build stronger bonds with their customers. From beauty salons to college and commercial radio stations and police departments, businesses are equipping their landline and toll free telephone numbers with texting capabilities to make communities safer, radio stations more popular, and businesses across the country more in-tune with customers.
"We've seen strong business adoption of our text messaging services and, in addition to our eight million mobile text users, have now text enabled 2.5 million landline and toll free numbers in the last seven months," explained Lauer. "Texting beyond mobile has been embraced by many enthusiastic business owners who have signed up for our service and are taking advantage of this next-generation texting capability."
Lauer also said more than one-third of the landline and toll free lines Zipwhip has provisioned are already receiving inbound text messages, further demonstrating that business customers have an expectation that they should be able to send a text to legacy business phone numbers.
"The traction we are experiencing in the marketplace provides clear evidence that businesses -- and their customers -- see the value in using long-established, existing phone lines to send and receive text messages," added Lauer. "Our record landline and toll free business texting growth is being driven by vertical markets such as call centers, pharmacies, radio stations, public safety, staffing, and transportation businesses. We see this technology changing whole industries."
Zipwhip's innovative and pioneering approach adds a second carrier -- a text carrier -- to existing business landline numbers, allowing businesses to take advantage of the increasing ubiquity of text messaging in consumer culture. The service requires businesses to make no changes to their existing numbers, service or hardware -- they simply sign up for a separate cloud-based texting service at zipwhip.com, text enable their existing landline or toll free numbers and start texting from any connected device in a matter of minutes.
Lauer also noted that their investors have taken notice of Zipwhip's success and agreed to provide the company with an infusion of capital that will allow Zipwhip to further accelerate the growth of its services.
"Our investors understand that in just seven months Zipwhip has essentially created a whole new industry and is well positioned to capitalize on the popularity of text messaging," stated Lauer. "They know, and we know, that the tremendous success we've experienced so far is just the beginning."
Texting is for more than the mobile phone. Zipwhip has given new life to texting, a service that celebrates its 20th birthday this year. Zipwhip pioneered the concept of utilizing the cloud to enable existing mobile, landline and toll-free numbers to send and receive text messages from virtually any connected desktop, tablet or smartphone. Zipwhip powers a messaging service on any device over any number. Consumers and small businesses can sign up at www.zipwhip.com. Additionally, Zipwhip offers a carrier-grade texting platform to help mobile and landline operators modernize the text-messaging medium. Its technology introduces trailblazing functionality while holding true to the distinct culture of texting that consumers have grown to love. Zipwhip now has more than eight million registered users of its texting services.