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Taulia Sees More Than 350% Growth in Second Quarter of 2014

Company Grows Rapidly After Expansion Into Europe, Asia, and New Industries

SAN FRANCISCO, CA--(Marketwired - August 20, 2014) - Taulia, the market-leading provider for supplier financing, today announced that it has seen more than a 350% increase in revenue during the second quarter of 2014, compared to the same quarter from 2013.

The San Francisco-based startup signed 13 new customers during the quarter, nearly doubling that number from last year. Taulia also hired 34 new employees in the quarter to support the rapid growth. Taulia now serves nearly 300,000 suppliers through its cutting-edge SaaS platform.

"Taulia is honored to have won the trust of so many new customers, and we look forward to serving all their needs as we continue to grow," says Bertram Meyer, CEO of Taulia. "We're thrilled with the momentum we saw in the second quarter, and we look to continue this rapid growth in the coming weeks and months."

The new customers come from around the world, as Taulia continues its push into Europe and Asia. Because of the dramatic growth, Taulia is expanding its San Francisco headquarters. With offices already in London, England, Düsseldorf, Germany, and Park City, Utah, the company recently opened new offices in Austin, Texas, and in Sofia, Bulgaria.

Taulia's growth has been recognized with several awards and accolades during the quarter. Taulia was named as one of the 2014 Best Places to Work in the Bay Area for the second consecutive year, became an Oracle Gold Partner, and was named by AlwaysOn to the 2014 OnDemand 50 Companies to Watch list. In addition, Taulia maintained its 100% customer retention and renewal rate.

"We've had a wonderful experience and relationship with Taulia, and we look forward to continuing our partnership in the years ahead," said Steve Richards, Accounts Payable Manager at Coca-Cola Bottling Co. Consolidated and a participant in Taulia's customer spotlight roadshow and webinar series.

Also during the quarter, Taulia introduced anyERP™, which provides seamless integration for the industry's widest range of ERP systems. Taulia Business Exchange 2.0.1 has also been certified by SAP as powered by the SAP NetWeaver® technology platform.

About Taulia

Taulia is the fastest growing SaaS platform and network for Supplier Financing, eInvoicing and Supplier Portals. Through turning every invoice into a revenue opportunity, Taulia enables organizations to strengthen supplier relationships while adding millions to the bottom line. Some of the most innovative brands in the world rely on Taulia, including Coca-Cola Bottling Co. Consolidated, Pfizer, Pacific Gas & Electric, Hallmark, and many other Fortune 500 companies from various industries. Taulia is headquartered in San Francisco with offices in London, Düsseldorf, Germany, and Park City, Utah. For more information, visit http://www.taulia.com.

SAP, SAP NetWeaver and all SAP logos are trademarks or registered trademarks of SAP SE in Germany and in several other countries. All other product and service names mentioned are the trademarks of their respective companies.

Media Contact:

Keith Chapman
[email protected]

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