ARR / Annual Recurring Revenue stories
DigiCert recruits seasoned CMO Atri Chatterjee in quest for $1bn revenue
Yesterday
#
quantum computing
#
casb
#
forgerock
Digital trust leader DigiCert bolsters executive leadership with new CMO Atri Chatterjee, adding to its ambitious drive to reach over $1bn in annual recurring revenue.
ThoughtSpot unveils new offerings to boost developer productivity
Last week
#
ai
#
it offerings
#
productivity
ThoughtSpot is enhancing its offerings for developers including a rebranded ThoughtSpot Embedded solution, educational developers' courses and new certifications.
AlphaSense doubles ARR to $200m & appoints new CMO
This month
#
saas
#
cx
#
martech
AI search platform AlphaSense doubles its annual recurring revenue to $200m within two years, appoints experienced IPO strategist Heather Zynczak as Chief Marketing Officer.
ExtraHop announces newly created global partner programme
This month
#
breach prevention
#
firewall
#
ndr
ExtraHop launches a new worldwide partner programme aimed at improving cyber security, bolstered by its latest revenue increase and growing demand for NDR services.
Workday's retail & hospo business crosses USD $1bn in ARR
This month
#
digital transformation
#
payroll systems
#
hcm
Workday surpasses USD $1 billion in annual recurring revenue in the retail sector, with 60% of Fortune 500 retail firms adopting their HR and financial management solutions for real-time business insights.
Commercetools recognises 65% ARR growth, credits B2B expansion
This month
#
commerce systems
#
martech
#
cartech
Commercetools sees 65% growth in ARR, attributing success to B2B expansion including prominent partnerships with Fortune 500 companies like Volkswagen and BMW.
Nasuni appoints Michael Sotnick to expand global partnerships
Last month
#
microsoft
#
storage
#
cloud services
Nasuni, a hybrid cloud storage provider, appoints industry veteran Michael Sotnick as Senior Vice President of Business and Corporate Development, expanding its leadership team.
VXT's new AI platform revolutionises communication for law firms
Last month
#
ai
#
canva
#
feedback
VXT, a rising legal-tech start-up, has launched a pioneering AI-driven communications platform that syncs with practice management software.
Semarchy launches Data Intelligence solution as UKI team doubles
Last month
#
bi
#
big data
#
byod
Semarchy unveils a pioneering Data Intelligence solution, set to boost data impact and governance in businesses, amid a 50% rise in annual recurring revenue and a doubling of its UKI team.
iManage adds 300 customers, 2023 recurring revenue jumps 36%
Last month
#
voip
#
contact centre
#
microsoft
iManage, a London-based cloud services company, records impressive growth in 2023 with the addition of over 300 new customers and a 36% jump in annual recurring revenue.
Deel acquires PaySpace, solidifying lead in global payroll industry
Last month
#
payroll systems
#
hcm
#
compliance
Global payroll front-runner Deel acquires Africa-based PaySpace, significantly strengthening its global coverage and infrastructure—hits a remarkable $500M annual recurring revenue within five years.
Claroty secures $100m for expansion of cybersecurity capabilities
Last month
#
cloud services
#
public cloud
#
aws
Claroty has raised $100m in strategic growth financing to bolster its leadership in critical infrastructure cybersecurity and fuel global expansion.
Barracuda Networks enhances partner program to boost channel profitability
Last month
#
firewall
#
partner programmes
#
breach prevention
Barracuda Networks boosts partner profitability with enhanced rewards in the revamped Barracuda Partner Success Program, improving technical capabilities and adding new certification courses.
JULO hits $120 million annual recurring revenue, boosts financial inclusion
Fri, 1st Mar 2024
#
digital inclusion
#
revenue
#
indonesia
Indonesian digital finance platform JULO achieves over USD $120 million in annual recurring revenue, adds a 50% rise in loan disbursement and records breakeven point, underpinning its mission of financial inclusion.
Commvault reports strong Q3 results with 11% revenue growth
Tue, 13th Feb 2024
#
advanced persistent threat protection
#
data management
#
capital management
Data management giant Commvault reports an 11% YoY increase in Q3 total revenues at USD$216.8 million and a 17% rise in annual recurring revenue.
ControlUp reports stellar 65% year-on-year growth in 2023
Tue, 6th Feb 2024
#
cloud services
#
productivity
#
gartner
Digital Employee Experience management leader, ControlUp, reports astounding 65% YoY growth in 2023, boosting Global DEX tool market, after flourishing Q4 results.
Claroty appoints Derek Phillips as new Chief Revenue Officer
Fri, 2nd Feb 2024
#
cloud services
#
advanced persistent threat protection
#
physical security
Cyber-physical systems protector, Claroty, welcomes Derek Phillips as new Chief Revenue Officer following 2023's impressive $100m+ recurring revenue. Phillips' extensive tech, security and sales background positions him to steer future growth.
Claroty appoints Derek Phillips as new Chief Revenue Officer
Fri, 2nd Feb 2024
#
cloud services
#
iot
#
advanced persistent threat protection
Cyber-physical system security firm, Claroty, appoints industry veteran, Derek Phillips, as Chief Revenue Officer amidst continued company growth surpassing $100 million in annual recurring revenue.
Veeam launches cyber readiness programme amidst rising cyberattacks
Thu, 1st Feb 2024
#
data protection
#
partner programmes
#
cybersecurity
Veeam Software's new Cyber Secure Program offers comprehensive cyber defence tools and rapid recovery support as global cyberattack threats escalate.
Carl Eschenbach becomes sole CEO of Workday from 2024
Thu, 1st Feb 2024
#
payroll systems
#
hcm
#
hospitality
Carl Eschenbach steps into the solitary CEO role at enterprise cloud applications leader, Workday, taking over from co-CEO, Aneel Bhusri.
Kore.ai secures $150 million for AI expansion & innovation
Wed, 31st Jan 2024
#
financial institutions
#
expansion
#
asia pacific
Advanced AI tech leader Kore.ai raises $132 million in Series D funding, facilitated by FTV Capital and existing investors, aiming to boost market expansion and AI innovation.
Nasuni's stellar year sees 30% growth & 120 enterprise wins
Wed, 31st Jan 2024
#
microsoft
#
cloud services
#
public cloud
Nasuni highlights 30% YoY growth in annual recurring revenue in 2023, registering record results and expanding its client base.
IFS reports six years of stellar double-digit growth
Wed, 31st Jan 2024
#
cloud services
#
erp
#
ifs
Software giant IFS reports a six-year streak of exceptional double-digit growth with cloud and software revenue surging in 2023.
archTIS reports strong Q2 results & record 1H24 performance
Tue, 30th Jan 2024
#
bae systems
#
australian government
#
kpmg
Strong Q2 results and record 1H24 earnings put archTIS Limited, a secure data collaboration software firm, en route to achieving imminent revenue expansion and nearing cash flow positivity.