Press Release

Cherwell Software CEO Vance Brown Accepts Award at the Business Alliance Annual Gala

Cherwell Software CEO Vance Brown Accepts Award at the Business Alliance Annual Gala

November 11, 2015 - Colorado Springs, CO.

Cherwell Software™ today announced it received the coveted Pikes Peak Company of the Year Award from the Colorado Springs Regional Business Alliance. The organization selected winners among applicants based on three key attributes: financial performance, community involvement and outstanding achievement.

Cherwell Software’s CEO and Co-founder, Vance Brown accepted the award at the Regional Business Alliance’s Annual Gala held at the Broadmoor Hotel in Colorado Springs on Saturday, November 7, 2015. “Cherwell is delighted to be honored by the Colorado Springs Regional Business Alliance. The Company of the Year Award is a direct reflection of our core belief to put customers first by listening to and meeting their needs, providing innovative products and delivering an extraordinary customer experience. Cherwell is dedicated to the Colorado Springs community and to creating a great place for our employees to work.”

“Colorado Springs is a thriving community, rich in business experience and boasts a strong pro-business environment. Cherwell Software stood out based upon the company’s flexibility, outstanding business performance, company culture, and strong relationships with customers and employees. The Colorado Springs Business Alliance is proud to name Cherwell as the Company of the Year for 2015.” Said Dirk Draper, President and CEO of the Colorado Springs Business Alliance.

Cherwell Software’s business continues to gain momentum; the company announced record growth and bookings for the third quarter of fiscal year 2015, ending September 30, 2015. Market demand for the Cherwell Service Management™ and Express Software Manager® solutions drove year-over-year new bookings growth of approximately 65% in Q3, which included Cherwell’s largest sale to date. Cherwell Software was recognized previously in 2014 by the Colorado Springs Regional Business Alliance for “Growth Company of the Year.” This award was given based on the company growth of 59% in its employee base since January of 2014 as well as consistently increasing revenue from 60%-100% per year with solid profitability and no debt.

The Colorado Springs Regional Business Alliance serves businesses large and small, throughout Colorado Springs and surrounding communities. The RBA provides economic development, community development, and defense industry support through research, workforce development, and business programs.

About Cherwell Software

Cherwell (@Cherwell) empowers organizations to transform their business through the rapid adoption and easy management of digital services. Cherwell’s adaptable platform has enabled thousands of organizations to modernize their business operations with customizable service management, automation, and reporting across the enterprise. For more information, visit: