It’s that time of year again, when I get to sit down, take a break, and reflect on everything the last twelve months held for Foundant and send out a big thank you to our friends and everyone who supported us and continues to do so. Things move so fast these days that I’m always impressed when I get a chance to see the long list of achievements. However, “amazed” is a better descriptor than “impressed” when I consider everything we accomplished with the help of our community in 2015.
We fought through probably the most challenging few months in our company history to start the year. The 5.0 release of Grant Lifecycle Manager (GLM) was a huge step forward, but stressed the entire company – especially the R&D team, who spent many long nights and weekends getting the work done.
Since 5.0 introduced so much change, we decided to hold another Summit National Users Conference shortly after the release to help clients take advantage of the new functionality. We loved spending three days of training and networking with about 130 of our community members, but the preparation and execution took a toll on an already tired team.
And, while all of this activity was going on, we decided to launch a whole new product – and GrantHub went live for our initial beta users. I can’t thank the team enough for the, frankly, unsustainable effort they put forth in early 2015 and we’ll make every consideration to make sure we don’t put them through that much pain again!
The rest of 2015 proceeded at a more manageable pace, but the scale of our day to day business has grown so significantly that there’s never a dull moment. We now have over 40 team members and were very excited to move into our new office building in October.
Prior to the move, we had filled every nook and cranny in our old space with cubicles and moved the R&D team into separate office space across the parking lot. We didn’t even have a space where the whole team could comfortably gather for our weekly update meetings. We now have plenty of elbow room and we were thrilled to host 20 clients for our first on-site You Fly We Buy training session.
The growing scale of our business is also visible in the magnitude of the results we were able to accomplish in 2015:
-194 grantmakers joined our client list by selecting Grant Lifecycle Manager (GLM) as their software – we’re now approaching 900 total GLM users.
-295 of those clients renewed their subscriptions in 2015, continuing our lifetime renewal rate of 95%.
-Over 70 grantseeking nonprofits are now using our new GrantHub software and this number is growing rapidly – so we’re expecting big things since the product has only been released for a few months.
-We were able to meet over 1000 representatives from our clients at the many user groups, trainings, conferences and other events we hosted or participated in over the past twelve months.
-Both the GLM and GrantHub R&D teams continued the pace of releasing new updates to our software every 4-6 weeks, with many of the improvements being driven by our Idea Lab and other avenues of open communication with our passionate clients.
-And after all of this, we were still named to the 2015 Best Companies to Work list by Outside Magazine – something we’re especially proud of.
In two weeks we’ll be holding our annual planning meetings where we’ll define our priorities for the coming year. We’ll set the bar even higher than our 2015 achievements and we are very excited to work with all of you in our community to accomplish our goals! Once again, thank you for your continued support. We look forward to everything 2016 has in store for us!
Daren Nordhagen is the President and Co-Founder of Foundant Technologies – provider of powerful, intuitive grants management systems for both grantmakers and grantseekers. Although Daren has been in the technology industry for over 24 years, his small-town Montana farming roots have held solid. When not running this Outside Magazine Best Company, he can often be found spending time with his goats, rooting around in the vegetable garden, or making homemade pickles and kimchi.