Annual Recurring Revenue (ARR) Stories - Page 15

Global Stories

Annual Recurring Revenue (ARR) stories

CyberArk to acquire Venafi for $1.54 billion in major deal

CyberArk will acquire Venafi for $1.54B, aiming to enhance its machine identity security platform and expand its market.

By Sean Mitchell • 2 min read • Tue, 21st May 2024

Data Analytics

Amplitude reports 9% revenue growth in Q1 2024 financials

Amplitude sees 9% revenue boost in Q1 2024, hitting $72.6M. Notable growth includes a 37% rise in paying customers and expanding global clientele.

By Catherine Knowles • 3 min read • Thu, 16th May 2024

Encryption

Senetas lands record-breaking Middle Eastern encryption hardware order

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.

By Sean Mitchell • 3 min read • Thu, 2nd May 2024

Report

Tricentis reports phenomenal ARR growth of over 20% in 2023

Tricentis, the quality engineering firm, celebrated a robust 2023 with annual recurring revenue nearing $330M (up over 20% YoY), USD $90 million in new business, and a 60% customer base surge.

By Kaleah Salmon • 3 min read • Tue, 30th Apr 2024

Quantum Computing

DigiCert recruits seasoned CMO Atri Chatterjee in quest for $1bn revenue

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.

By Imee Dequito • 2 min read • Mon, 29th Apr 2024

Generative AI

ThoughtSpot unveils new offerings to boost developer productivity

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

By Catherine Knowles • 3 min read • Tue, 23rd Apr 2024

Software-as-a-Service

AlphaSense doubles ARR to $200m & appoints new CMO

AI search platform AlphaSense doubles its annual recurring revenue to $200m within two years, appoints experienced IPO strategist Heather Zynczak as Chief Marketing Officer.

By Sean Mitchell • 3 min read • Sat, 13th Apr 2024

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

Stories from Other Regions

Annual Recurring Revenue (ARR) stories

Digital Inclusion

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