Annual Recurring Revenue (ARR) Stories - Page 14

Asian Stories

Annual Recurring Revenue (ARR) stories

JULO hits $120 million annual recurring revenue, boosts financial inclusion

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.

By Kaleah Salmon • 3 min read • Fri, 1st Mar 2024

Global Stories

Annual Recurring Revenue (ARR) stories

Firewalls

ExtraHop announces newly created global partner programme

ExtraHop launches a new worldwide partner programme aimed at improving cyber security, bolstered by its latest revenue increase and growing demand for NDR services.

By Tom Raynel • 3 min read • Wed, 10th Apr 2024

Digital Transformation

Workday's retail & hospo business crosses USD $1bn in ARR

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.

By Kaleah Salmon • 3 min read • Wed, 3rd Apr 2024

Marketing Technologies

Commercetools recognises 65% ARR growth, credits B2B expansion

Commercetools sees 65% growth in ARR, attributing success to B2B expansion including prominent partnerships with Fortune 500 companies like Volkswagen and BMW.

By Kaleah Salmon • 3 min read • Tue, 2nd Apr 2024

Storage

Nasuni appoints Michael Sotnick to expand global partnerships

Nasuni, a hybrid cloud storage provider, appoints industry veteran Michael Sotnick as Senior Vice President of Business and Corporate Development, expanding its leadership team.

By Imee Dequito • 2 min read • Wed, 27th Mar 2024

Unified Communications

VXT's new AI platform revolutionises communication for law firms

VXT, a rising legal-tech start-up, has launched a pioneering AI-driven communications platform that syncs with practice management software.

By Tom Raynel • 4 min read • Wed, 20th Mar 2024

Data Analytics

Semarchy launches Data Intelligence solution as UKI team doubles

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.

By Kaleah Salmon • 3 min read • Wed, 20th Mar 2024

Unified Communications

iManage adds 300 customers, 2023 recurring revenue jumps 36%

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.

By Catherine Knowles • 3 min read • Fri, 15th Mar 2024

Human Capital Management

Deel acquires PaySpace, solidifying lead in global payroll industry

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.

By Sean Mitchell • 3 min read • Tue, 12th Mar 2024

Hyperscale

Claroty secures $100m for expansion of cybersecurity capabilities

Claroty has raised $100m in strategic growth financing to bolster its leadership in critical infrastructure cybersecurity and fuel global expansion.

By Shannon Williams • 3 min read • Fri, 8th Mar 2024

Firewalls

Barracuda Networks enhances partner program to boost channel profitability

Barracuda Networks boosts partner profitability with enhanced rewards in the revamped Barracuda Partner Success Program, improving technical capabilities and adding new certification courses.

By Sean Mitchell • 3 min read • Wed, 6th Mar 2024

Advanced Persistent Threat Protection

Commvault reports strong Q3 results with 11% revenue growth

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.

By Tom Raynel • 3 min read • Tue, 13th Feb 2024

Cloud Services

ControlUp reports stellar 65% year-on-year growth in 2023

Digital Employee Experience management leader, ControlUp, reports astounding 65% YoY growth in 2023, boosting Global DEX tool market, after flourishing Q4 results.

By Kaleah Salmon • 3 min read • Tue, 6th Feb 2024

Advanced Persistent Threat Protection

Claroty appoints Derek Phillips as new Chief Revenue Officer

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.

By Imee Dequito • 3 min read • Fri, 2nd Feb 2024

Internet of Things

Claroty appoints Derek Phillips as new Chief Revenue Officer

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.

By Sean Mitchell • 2 min read • Fri, 2nd Feb 2024

Data Protection

Veeam launches cyber readiness programme amidst rising cyberattacks

Veeam Software's new Cyber Secure Program offers comprehensive cyber defence tools and rapid recovery support as global cyberattack threats escalate.

By Shannon Williams • 2 min read • Thu, 1st Feb 2024

Human Capital Management

Carl Eschenbach becomes sole CEO of Workday from 2024

Carl Eschenbach steps into the solitary CEO role at enterprise cloud applications leader, Workday, taking over from co-CEO, Aneel Bhusri.

By Imee Dequito • 3 min read • Thu, 1st Feb 2024

Financial institutions

Kore.ai secures $150 million for AI expansion & innovation

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.

By Catherine Knowles • 3 min read • Wed, 31st Jan 2024