Decade of empowering businesses to make smart decisions through form data results in company growth, elite company culture
INDIANAPOLIS (March 9, 2016) – Formstack, a software-as-a-service (SaaS) company that helps businesses collect data through a suite of powerful online form tools, is celebrating 10 years in operation.
Created to provide a simple data capture solution, Formstack has evolved into a platform dedicated to helping users from all industries easily manage data, improve internal workflows (such as procurement, compliance and safety verification), and better engage with customers. Formstack initially received funding in 2009 from Gravity Ventures, a firm that also backed local Indianapolis tech companies like Lesson.ly, Bluebridge, Tinderbox and Compendium.
While 90 percent of startups fail, Formstack has experienced continued profitability. Within the first year, the company saw more than 1,200 percent year-over-year revenue growth as it rapidly increased its user base. In the past decade, the Formstack product has grown to include over 500,000 users in 110 countries, and the company continues to report positive annual revenue growth. In 2015, Formstack reported a 125 percent increase in new revenue from its highest paid subscription plan.
With just under 80 employees, Formstack has experienced notable team expansion since its inception in 2006, including 102 percent workforce growth last year. The current Formstack family includes as many remote employees as it does Indianapolis team members, with 50 percent of its workforce living in regions across the U.S, as well as Canada, Poland and the Netherlands.
“Reflecting on the past 10 years of operation, it’s motivating to see how much Formstack’s product and team have grown. We’ve truly built a global company that is proud of changing lives with inspired software,” said Chris Byers, CEO of Formstack. “On our own remote team, we ensure no one is on an island. Whether it’s through the use of tools to maintain collaboration or virtual games to increase team unity, boosted morale directly affects performance. We’re confident that this, as well as continuing to innovate data capture solutions, is key for our next 10 years of growth.”
Formstack’s key highlights over the past 10 years:
- Indiana Chamber’s Best Places to Work in Indiana has ranked Formstack among top small business employers for the past four years due to sustained growth and excellence.
- Formstack has received approximately 20 awards, including a 2015 Technology ROI Award and a Salesforce Surfboard award.
- The Customer Experience Team closed out 2015 with a 96 percent customer happiness rating after working with Formstack’s Support staff.
- The company has expanded its platinum-level product offerings, adding features such as form A/B testing and advanced analytics functionality.
- Formstack has developed integrations with over 35 different web apps, including Salesforce, MailChimp, Constant Contact, WordPress and PayPal.
- With over 500,000 users and counting, the company has expanded to provide data capture services for more than 200 colleges and universities, 600 nonprofits, 400 marketing and consulting agencies and 100 sports and leisure organizations.
“I look at Formstack as a possible solution to any problem that relies on collecting information,” said Josh Haroldson, marketing manager at KleenMark. “It’s mobile-friendly. It’s flexible. It’s very easy to use on the backend. It has a lot of reporting features—or at the very least, the ability to export to an Excel file. Plus, it integrates with Salesforce and other CRMs and with email marketing platforms—so really all the places we want to be pushing information.”
Formstack celebrated its 10-year anniversary at the Indianapolis Speak Easy on March 8 and is holding an anniversary webinar for current customers and partners on March 18. The company plans for continued growth of its diverse workforce and is focusing on helping customers streamline business processes and better manage their data. For more information about Formstack, visit www.formstack.com.
Formstack is an easy-to-use online form builder that makes it simple to capture and manage data. Create and publish branded web forms with no coding knowledge using the tool’s drag-and-drop builder. Embed published forms on your website or content management system (CMS), or share them using a unique link. All responses submitted on Formstack forms are stored in a user’s secure online account, making it easy to share data or export it to a PDF or Excel Doc. Formstack integrates with more than 35 other web tools, eliminating the need to manually transfer data to other applications. Learn more about how Formstack can save time through automated data processes at www.formstack.com.
BLASTmedia for Formstack
Meghan Matheny, 317-806-1900 Ext. 115