Annual Recurring Revenue (ARR) stories

Deel, a global HR and payroll firm valued at USD $12 billion, has acquired Hofy, a London startup, to enhance its remote working solutions and launch Deel IT.

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.

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.

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

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

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.

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.

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

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.

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

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

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

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.

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.

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

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

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

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.

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.

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.