ClairMail Reports Revenue Growth

“Our record revenue growth, solid customer pipeline and strong financial outlook put us on a clear path to near-term profitability,” said Founder and Chief Strategy Officer Joe Salesky. “We continue to see substantial demand from financial institutions for our unique proactive mobile banking solution, as we grow our market share across retail banks, credit unions and card service companies.”

“Financial institutions understand that the mobile device is fast becoming the new channel for consumers to access and manage their account information, while providing the bank with another valuable touch point to interact with their customer,” said Charul Vyas, analyst in Tower Group’s Emerging Technologies practice. “The mobile device also enables banks to cut costs from existing customer service channels, while uncovering new revenue streams through contextual marketing and cross-selling opportunities.”

ClairMail’s record second quarter comes as a result of repeat business and expanded relationships with several of the top 10 U.S. banks, as well as new agreements with top-tier financial institutions, regional banks and credit unions that will be announced in the coming months.

“Our continued growth underscores ClairMail’s enduring momentum in the market and reinforces our solid financial position,” said Pete Daffern, CEO of ClairMail. “Our success in the past year has been driven by our ability to respond to the needs of banks and credit unions of all sizes, and deliver a mobile banking solution aligned with the needs of their customer base. Today, we are poised for even more growth as we continue executing our business plan for further expansion across Canada, Europe, Latin America and the U.S, extending our leadership position as the global leader of mobile banking and payments.”