MindTouch Expands as Sales Triple

MindTouch said today the San Diego startup is on track to triple revenues in 2010, although no numbers were disclosed. The company, which was self-funded and bootstrapped by co-founders Aaron Fulkerson and Steve Bjorg, said today it has hired a new chief financial officer, Byoung Lee, and plans to add about 50 employees in coming months. MindTouch said it also has added hundreds of new customers including Booz Allen Hamilton, SAIC, AutoDesk, Panasonic, and Hewlett-Packard. MindTouch is developing a Web-based business collaboration and integration platform on a “freemium” business model, and competes with such rivals as Microsoft Sharepoint, Oracle, IBM Lotus, and SAP.

Bruce V. Bigelow is the editor of Xconomy San Diego. You can e-mail him at bbigelow@xconomy.com or call (619) 669-8788 Follow @bvbigelow

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One response to “MindTouch Expands as Sales Triple”

  1. Thanks for the mention. MindTouch offers an open source edition of our software. This is significantly different from “freemium”.