Company revenue grew more than 60 percent in 2010 and poised for accelerated growth in 2011
May 26, 2011 — Campbell, Calif., - YouSendIt, the worldwide leader in file sharing solutions for professionals, today announced that it has reached a new milestone surpassing 30 million unique users across 193 countries in the past 12 months. This includes more than 18 million users who have registered for an account and over 400,000 paid subscribers. Fueled by the rapid adoption of its services, company revenue grew more than 60 percent in 2010 and continues to accelerate in 2011.
Over the past few years, YouSendIt has refined its expertise in the freemium business model and can now claim one of the highest free-to-paid conversion rates in the industry. The company also enjoys strong customer loyalty with a Net Promoter Score of 68 percent. According to the 2011 Net Promoter Industry Benchmarks by Satmetrix, companies with similar scores include Amazon.com and Apple.
Corporate Users Now in Over 92 Percent of Fortune 500
Growth has been particularly strong among corporate users. YouSendIt now has users in 92 percent of Fortune 500 companies. The company's focus on business users, investment in robust cloud computing services and the delivery of new products for enterprise-wide deployment have been key to this growth.
"As file sizes continue to grow and distributed collaboration becomes a fact of life, the demand for our service has never been stronger," said Ivan Koon, CEO, YouSendIt. "Today's professional requires new tools for the challenges of balancing work and personal life. We're focused on creating seamless file mobility for business content – product designs, medical images, sales contracts and creative assets. Our customers spend a lot of time collaborating with clients, colleagues and partners. We make it easy and intuitive for them to move their documents so that they can be truly free to create and collaborate."
Volkswagen, Callaway Golf and Nixon Peabody LLP are among the companies using YouSendIt today.
"We've seen a significant productivity increase in transferring electronic data related to e-discovery using YouSendIt," said John Roman, Director of Litigation Technology Services, Nixon Peabody LLP. "It has given Nixon Peabody the peace of mind to be able to send critical data securely."
Strategic Partnerships Bring YouSendIt to New Users
Continuing its commitment to enrich the user experience of its popular web email service, Yahoo! partnered with YouSendIt to launch the YouSendIt Attach Large Files application earlier this year. YouSendIt grew its user base by more than 1 million in 60 days through the application and continues to average more than 20,000 new registered users a day through the app.
"YouSendIt's Attach Large Files has swiftly become one of the most popular applications in Yahoo! Mail," said David McDowell, Senior Director of Product Management, Yahoo! Mail. "Yahoo! Mail users are able to send large files up to 100 MB per mail, which allows our 284 million users to share videos, photos and presentations directly from Yahoo! Mail."
Following the introduction of YouSendIt Pro capabilities within the Attach Large Files app this month, YouSendIt Pro users can now enjoy all the benefits of their Pro account – including sending up to 2GB of attachments per email – within Yahoo! Mail.
Thanks to its explosive growth, YouSendIt ranked in Deloitte's Technology Fast 500 and Inc. Magazine's Inc. 500 in 2010. The company also received the Red Herring Global 100 Award, honoring promising new companies and entrepreneurs that change the way people live and work. Most recently, YouSendIt was named a 2011 Stevie® Awards finalist in the "Fastest-Growing Company of the Year – Up to 2,500 Employees" and "Management Team of the Year" categories. Lead411 also named YouSendIt one of the Hottest Silicon Valley Companies and the San Jose/Silicon Valley Business Journal recognized YouSendIt's CFO Renee Budig as one of Silicon Valley's "Women of Influence."
Hightail (formerly YouSendIt) helps more than 40 million professionals around the world securely share and control files from anywhere.