Markets
U.S. close in 6 hrs, 7 mins
BUSINESS NEWS
- Market News
- Earnings
- Recalls
- Recession Watch
- Tech News
- Financial Crisis
- Madoff Scandal
- BloggingStocks
- Luxist
- Money Videos
INVESTING
- Stock Quotes
- Stock Charts
- Stock Ticker
- Currencies
- Portfolio
- Stock Screener
- Broker Center
- Mutual Fund Center
- ETF Center
- Money
- 24/7 Wall St.
- Financial Glossary
PERSONAL FINANCE AT WALLETPOP
- Bargains
- Banking
- Budget
- Calculators
- College Finance
- Community
- Credit
- Deals
- Debt
- Economizer
- Food
- Home
- Fraud
- Insurance
- Interest Rates
- Loans
- Mortgages
- Real Estate
- Recalls
- Recession
- Retirement
- Saving
- Simplification
- Specials
- Taxes
SMALL BUSINESS
US-Based Sheet Music Plus, the Largest Online Sheet Music Retailer, Experiences Soaring Growth in Australian Market
Business Restructure and Record-Setting Catalog Responsible for Burgeoning Overseas’ Sheet Music Market as Company Surpasses $25 Million in Revenue
Business Wire
Sheet
Music Plus, who recently surpassed a company milestone of $25
million revenue, today announced its success in Australia, where its
year on year revenue growth is close to 60 percent and the country ranks
among its top three markets. This international success during a global
recession reinforces the company’s position as the world’s leading
supplier of online sheet music. As sheet music has become more than a
billion dollar industry, Sheet Music Plus continues to operate as the
industry’s most successful company with the largest catalog of more than
555,000 titles.
“Our goal was to create the premier one-stop shop for sheet music, so
that anywhere in the world people could buy music spanning well-known
selections to the extremely obscure,” said Keith Cerny, CEO of Sheet
Music Plus. “We are now seeing the impact of our efforts in other
countries, including Australia, which is now one of our top markets.
Based on our sales, Australian customers gravitate primarily toward
Classical, movie soundtracks, Jazz, Baroque and various 20th century
sheet music, illustrating the country’s diverse musical palate.”
Australia’s extensive consumer base goes beyond individual buyers of
sheet music. Among its top customers are the University of Tasmania and
the Brisbane Concert Choir.
The company has improved the capabilities of its service, which is vital
given its global reach. The website, which re-launched in May, now uses
Ruby on Rails technology, SOLR for onsite search, and Radiant Content
Management System. These upgrades allow Sheet Music Plus to provide
significantly more accurate responses to customer queries and more
rapidly update the site’s catalog presentation with a revamped
data-driven base. Growth has increased 5 percent with nearly 100,000
orders since the re-launch.
Complementing the new website and keeping in step with the company’s
growing demand for its sheet music offerings, a new data center was
established in San Francisco. The data center includes a Content
Delivery Network, which allows the company to deliver graphics and
multimedia content at a more rapid pace to international customers and
provide fully automated credit card processing. It also enables the
company to easily ship 2,000 to 5,000 orders daily, which ensures the
company will maintain its position as the sheet music industry leader.
About Sheet Music Plus
Headquartered in Emeryville, California, Sheet Music Plus provides the
largest selection of sheet music to most locations in the world. With
annual revenue of $25 million, Sheet Music Plus has an industry-leading
catalog of more than 555,000 titles spanning a multitude of music genres
from the most specialized to the most popular for all types of
musicians, teachers, and instruments. For more corporate and product
information, please visit our website:
www.SheetMusicPlus.com.
Copyright Business Wire 2009
2009-11-04 16:00:00
COMMENTS ( 0 )
Latest Money News
CNNMoney
- Why isn't Bank of America updating its shareholders on CEO situation?
- Options Update: HSBC Holdings volatility low; uncertainty of Dubai exposure
- Before the bell: Futures sharply lower on Dubai's debt problems
- Holly Corp. (HOC): A 'potential double'
- Will Rich Ross really have a positive impact on Disney's movie operations?