Zoho announced that its user base grows more than 45 million users across 180 countries, at a revenue growth rate of 39 percent year-over-year.
The company also announced plans for a new 375-acre campus in Austin, which entails aggressive hiring plans and the expansion of Zoho University, a Zoho-funded technology school for high school graduates based in India, to the United States.
Founded in 1996, Zoho has grown along with the explosive adoption of cloud-based software by businesses of all sizes. From day one, the company has been methodical in its approach. Zoho is financially bootstrapped, and plans to remain that way. The company does not participate in merger and acquisition activities largely because of the negative impact on customers associated with these transactions. Its extensive software repertoire, which includes 40+ applications, is created exclusively and meticulously in house.
Zoho has employed more than 7,000 employees worldwide across 12 offices spanning five continents. More than 30 different languages are spoken amongst Zoho’s employees.
“As a private company that’s been in operation for more than 22 years, we are invested in long term growth and crafting the very best business solutions for our customers,” said Sridhar Vembu, CEO and Founder of Zoho. “Without the pressures of shareholders, we can grow with purpose. It is our imperative to invest in our employees and the communities we are in, while making sure our software remains accessible to every type of business, from small to large, whether they exist in yet-to-be-developed, emerging or fully developed markets.”