Board International closes Q1 with strong results as it continues its solid growth
The company’s Q1 2021 performance was fueled by strong customer acquisition and retention rates
Board International, the #1 Decision-Making Platform provider, today announced a strong start to 2021, achieving a 53% increase in Total Software ARR for the first quarter compared to the same period last year. The company saw robust growth in Q1, which included an 83% quarter-over-quarter increase in new Software ARR orders, adding new brands to its customer roster including American Seafoods Group, Caixa Bank, Acne Studio, OKQ8, Chugai Pharma, Andros, and more. Additionally, Board registered a Net Customer Retention Rate of 116%.
Since the beginning of 2021, Board has increased its headcount by 10%, with 57 new employees hired in the first quarter. These include key sales roles in response to increased demand and the accelerated pace of product advancements. The company is also strenghtening its partner ecosystem globally, and recently announced the appointment of Christof Majer as Global VP of Alliances & Channel to lead partner business strategy and growth.
Board’s value proposition also continued to receive attention from analysts. In Q1, Board was named a Leader in the Integrated Planning & Analytics scores of the Business Application Research Center (BARC), ranked #1 in Business Intelligence for product features and ease of customization by InfoTech, rated a Leader in the Nucleus CPM Technology Value Matrix 2021 for 4th year running, won the Technology Innovation Award for Sales Performance Management from Dresner Advisory Services, and was recognized as a March 2021 Gartner Peer Insights Customers’ Choice for Cloud Financial Planning and Analysis (FP&A) Solutions.
"The credit for such a strong first quarter goes to the whole Board team," said Maurizio Carli, CEO, Board International. “This is an incredible moment for Board: increasingly unpredictable trading environments have made it essential for organizations to plan, budget, and forecast more rapidly, frequently, and flexibly than ever before. It is here that a comprehensive solution like Board can make a substantial difference to a company’s performance.”
Board is the #1 Decision-Making Platform. Founded in 1994, Board International enables people to have a transformative impact on their business, helping them to intuitively leverage their data in a flexible, all-in-one environment. By unifying Business Intelligence, Planning, and Predictive Analytics, the Board platform allows companies to produce a single, accurate, and complete view of business information, gain actionable insights, and achieve full control of performance across the entire organization. Thanks to Board, global enterprises such as M&S, Coca-Cola, Ricoh, KPMG, Puma, Siemens, and ZF Group have deployed end-to-end decision-making applications at a fraction of the time and cost associated with traditional solutions. www.board.com