IT Brief India - Technology news for CIOs & IT decision-makers

ARR / Annual Recurring Revenue stories

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AlphaSense doubles ARR to $200m & appoints new CMO
Last week
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saas
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cx
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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.
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ExtraHop announces newly created global partner programme
Last week
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breach prevention
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firewall
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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.
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Workday's retail & hospo business crosses USD $1bn in ARR
This month
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digital transformation
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payroll systems
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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.
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Commercetools recognises 65% ARR growth, credits B2B expansion
This month
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commerce systems
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martech
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cartech
Commercetools sees 65% growth in ARR, attributing success to B2B expansion including prominent partnerships with Fortune 500 companies like Volkswagen and BMW.
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Nasuni appoints Michael Sotnick to expand global partnerships
Last month
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microsoft
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storage
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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.
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VXT's new AI platform revolutionises communication for law firms
Last month
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ai
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canva
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feedback
VXT, a rising legal-tech start-up, has launched a pioneering AI-driven communications platform that syncs with practice management software.
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Semarchy launches Data Intelligence solution as UKI team doubles
Last month
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bi
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big data
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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.
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iManage adds 300 customers, 2023 recurring revenue jumps 36%
Last month
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voip
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contact centre
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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.
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Deel acquires PaySpace, solidifying lead in global payroll industry
Last month
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payroll systems
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hcm
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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.
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Claroty secures $100m for expansion of cybersecurity capabilities
Last month
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cloud services
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public cloud
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aws
Claroty has raised $100m in strategic growth financing to bolster its leadership in critical infrastructure cybersecurity and fuel global expansion.
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Barracuda Networks enhances partner program to boost channel profitability
Last month
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firewall
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partner programmes
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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.
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JULO hits $120 million annual recurring revenue, boosts financial inclusion
Fri, 1st Mar 2024
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digital inclusion
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revenue
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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.
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Commvault reports strong Q3 results with 11% revenue growth
Tue, 13th Feb 2024
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advanced persistent threat protection
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data management
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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.
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ControlUp reports stellar 65% year-on-year growth in 2023
Tue, 6th Feb 2024
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cloud services
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productivity
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gartner
Digital Employee Experience management leader, ControlUp, reports astounding 65% YoY growth in 2023, boosting Global DEX tool market, after flourishing Q4 results.
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Claroty appoints Derek Phillips as new Chief Revenue Officer
Fri, 2nd Feb 2024
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cloud services
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advanced persistent threat protection
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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.
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Claroty appoints Derek Phillips as new Chief Revenue Officer
Fri, 2nd Feb 2024
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cloud services
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iot
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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.
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Veeam launches cyber readiness programme amidst rising cyberattacks
Thu, 1st Feb 2024
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data protection
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partner programmes
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cybersecurity
Veeam Software's new Cyber Secure Program offers comprehensive cyber defence tools and rapid recovery support as global cyberattack threats escalate.
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Carl Eschenbach becomes sole CEO of Workday from 2024
Thu, 1st Feb 2024
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payroll systems
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hcm
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hospitality
Carl Eschenbach steps into the solitary CEO role at enterprise cloud applications leader, Workday, taking over from co-CEO, Aneel Bhusri.
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Kore.ai secures $150 million for AI expansion & innovation
Wed, 31st Jan 2024
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financial institutions
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expansion
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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.
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Nasuni's stellar year sees 30% growth & 120 enterprise wins
Wed, 31st Jan 2024
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microsoft
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cloud services
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public cloud
Nasuni highlights 30% YoY growth in annual recurring revenue in 2023, registering record results and expanding its client base.
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IFS reports six years of stellar double-digit growth
Wed, 31st Jan 2024
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cloud services
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erp
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ifs
Software giant IFS reports a six-year streak of exceptional double-digit growth with cloud and software revenue surging in 2023.
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archTIS reports strong Q2 results & record 1H24 performance
Tue, 30th Jan 2024
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bae systems
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australian government
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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.
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Blackpearl Group ARR doubles, eyes on $10 million target
Mon, 22nd Jan 2024
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productivity
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growth
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blackpearl group
Blackpearl Group's annual recurring revenue skyrockets by 122% to $5.5m in their latest quarter, with the technology firm setting sights on future $10m target.
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Record-breaking Q4 for Syniti signifies strong start to 2024
Thu, 18th Jan 2024
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digital transformation
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ai
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data quality
Syniti's Data First strategy propelled a record-breaking fourth quarter in 2023, marking a robust start to 2024.