Annual Recurring Revenue Stories - Page 11

Global Stories

Annual Recurring Revenue (ARR) stories

Rapid7 to acquire Noetic Cyber to boost security operations

Rapid7 to acquire Noetic Cyber, aiming to bolster its security ops platform with enhanced visibility and threat management. Expected closure: Q3 fiscal 2024.

By Imee Dequito • 3 min read • Thu, 4th Jul 2024

Digital Transformation

Claroty appoints Jason Pearce as Field CTO for APJ

Claroty appoints Jason Pearce as Field CTO for Asia Pacific and Japan, marking significant regional growth and a commitment to securing critical infrastructure.

By Melania Watson • 3 min read • Tue, 2nd Jul 2024

Hyperscale

CrowdStrike joins S&P 500 with record USD $3 billion ARR

CrowdStrike, now part of the S&P 500 Index, hits a record USD $3.65 billion ARR, solidifying its role as an AI-driven cybersecurity leader.

By Catherine Knowles • 3 min read • Tue, 25th Jun 2024

Education, Learning & Training

Riverbed unveils Riverbed One partner program to boost IT efficiency

Riverbed has launched Riverbed One, a new partner program aimed at enhancing success with AI-driven solutions and simplified engagement, to meet evolving IT demands.

By Imee Dequito • 3 min read • Thu, 20th Jun 2024

Hybrid Cloud

HPE & NVIDIA launch AI & hybrid cloud programmes for partners

HPE and NVIDIA team up on AI and hybrid cloud initiatives to enhance partner profitability, offering advanced training, competencies, and new HPE GreenLake updates.

By Sean Mitchell • 3 min read • Wed, 19th Jun 2024

Unified Communications

Genesys reports $1.5 billion in revenue with 40% growth

Genesys reports a stellar Q1 FY2025 with annual recurring revenue surpassing USD$1.5 billion, driven by demand for its AI-powered Genesys Cloud platform.

By Shannon Williams • 3 min read • Thu, 13th Jun 2024

Customer Experience

IriusRisk reports 51 percent revenue rise from AI expansion

IriusRisk sees ARR soar by 51% in 2023, driven by AI-driven threat modelling solutions, strategic hires, and a strong focus on customer success.

By Melania Watson • 3 min read • Fri, 7th Jun 2024

Unified Communications

Quantexa reports 40% growth in ARR, aims for GBP £80m in 2024

Quantexa reports a 40% surge in Decision Intelligence ARR, projecting GBP £80 million by 2024, driven by expanding markets and strategic partnerships.

By Catherine Knowles • 3 min read • Fri, 7th Jun 2024

Endpoint Detection and Response

Tanium appoints Rani Johnson, Tim Millikin to board of directors

Tanium appoints Workday CIO Rani Johnson and TPG's Tim Millikin to its board, aiming to leverage their expertise for accelerated growth and strategic innovation.

By Imee Dequito • 3 min read • Fri, 31st May 2024

Chief Financial Officer

Blackpearl Group's ARR surges to NZD $7.4m on Pearl Diver growth

Blackpearl Group's ARR surged by 177% to NZD $7.4 million in FY24, largely due to the success of its AI-driven platform, Pearl Diver, which contributed NZD $4.9 million.

By Catherine Knowles • 3 min read • Thu, 30th May 2024

Financial results

TechnologyOne sees 16% rise in revenue for half-year ending 2024

TechnologyOne's financial results for HY24 show a 16% revenue rise to AUD $244.8M, driven by strong SaaS growth and UK market gains.

By Sean Mitchell • 2 min read • Thu, 23rd May 2024

Software-as-a-Service

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

Stories from Other Regions

Annual Recurring Revenue (ARR) stories

Orchestration

CBSO selects iplicit for enhanced financial management

The City of Birmingham Symphony Orchestra (CBSO) has chosen iplicit's cloud accounting software to enhance its financial operations, streamlining processes for its busy team.

By Kaleah Salmon • 3 min read • Tue, 23rd Jul 2024

Artificial Intelligence

New Zealand AI research tool reaches 370,000 scientists globally

Litmaps, a New Zealand AI tool, has expanded its growth to 370,000 global users, preparing for a Series A to expand its academic reach.

By Melania Watson • 4 min read • Mon, 8th Jul 2024

Digital Transformation

OpenPayd's annual recurring revenue tops GBP £40 million

OpenPayd doubles growth for the second year, hitting over GBP £40 million ARR, as embedded finance adoption surges. CEO Dimitrova eyes new milestones.

By Melania Watson • 2 min read • Fri, 7th Jun 2024