Facebook and opensocial applications

A while back we wrote about the technologies that we were using ranging from Flex to Facebook and Opensocial applications. Facebook in particular has been getting a lot of attention (probably they deserve all of it), and in a latest set of rumors, Nokia might also (apart from Microsoft and other investors) be investing in them. This is all very exciting for the “web 2.0″ industry in general. So how have we kept pace?

From August to January, we have so far developed over six Facebook applications. One of the applications has nearly 120,000 users and growing fast. Due to NDA restrictions we cannot post links to the applications here, however, we do want to say that in our experience Facebook is one of the easiest platform to push new applications. Financially, some people have speculated that each Facebook user may be at least $1.4 a piece, while we do not really agree with the number, we can say for sure that developing a good Facebook application is not a bad investment.

If you want to find out more about Facebook and/or opensocial application development, please contact us here.

Q4-07 and outlook for Q1-08

We continued our growth this quarter. In the last quarter we predicted a 35% growth in revenue and 30% growth in head count. We beat our own financial expectation by achieving over 50% of growth quarter-to-quarter on revenue. In terms of head count, we grew at almost 25%. We also handed over new portals to our clients which are set to be launched this quarter (Q1-08).

In Q1-08, there is more exciting growth coming up. We are soon going to make some exciting announcements regarding our European operations. We are set to meet our revenue growth targets (of at least 40% growth). We are also looking at securing some of the big enterprise clients in EU (including some Fortune 500 companies). Again, these updates will be posted at the end of Q1-08.