An Awesome Second Quarter: 46% New Customer Growth

By Chris Horne

As VP of Finance, I maintain sound controls, operational transparency, and financial stability for CampusLogic. My job is very analytical, but I’m also a storyteller. I tell the story of CampusLogic by answering organizational questions. What happened? What’s happening right now?  What’s going to happen? How are we going to get there? A member of CampusLogic since 2014, the company’s continued growth has been inspiring to watch—and Q2 2016 was no exception.

Need For Better Student Experience Fuels Customer Growth

Our year-to-date customer growth surpassed 75% in Q2, and we achieved a 46% growth in new customers. Coast Community College District and the University System of Georgia joining the CampusLogic family was a direct result of our focus on helping college districts and state college systems centralize financial aid functions and drive standardization. Additionally, 19 customers renewed during Q2 and we’ve seen 116% account expansion over the past 12 months.

Efficient, Fast Implementation Matters

This past quarter 10 customers went live, up and running quickly and efficiently. That’s the most customers we’ve on boarded in one quarter, and shows that resources we’ve invested in—our Customer Success Team, and our integration app CL Connect, for example—continue to drive long-term value for our customers.

Looking Ahead: Q3 Forecast

From attending and exhibiting at more than 20 conferences in Q2, to becoming an Ellucian Alliance Partner, we’ve seen incredible momentum in our late-stage sales pipeline as we enter Q3. I’m looking forward to watching Q3 unfold, and firmly believe we’re well-positioned to exceed Q2’s growth in Q3.

Read the official press release >

 

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