Annual Recurring Revenue (ARR) stories - Page 7

Senetas Corporation lands its largest-ever order worth $2.5 and $3 million in revenue from a Middle East government agency, deploying over 100 high-speed Ethernet encryptors, enhancing its FY2024 profit.

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 is enhancing its offerings for developers including a rebranded ThoughtSpot Embedded solution, educational developers' courses and new certifications.

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

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

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

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

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.

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.

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.

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

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

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 highlights 30% YoY growth in annual recurring revenue in 2023, registering record results and expanding its client base.

Software giant IFS reports a six-year streak of exceptional double-digit growth with cloud and software revenue surging in 2023.