Board International further extends its strong growth in 2021 with success in large enterprises, strong new customer acquisitions and expansions
Leading Decision-Making Platform provider grows by 47% Annual Recurring Revenue in 2021
Board International, the number one Decision-Making Platform provider, today announced it has achieved 47 percent Annual Recurring Revenue (ARR) growth in FY 2021.
Strong growth in 2021 came from an increase in ARR bookings with 208 new enterprises who selected Board solutions across North America, Europe and Asia, and a Net Revenue Retention (NRR) increase of 117 percent with existing customers.
The US was a strong contributor to growth in FY21, responsible for an increase of 102% in bookings, signaling Board’s growing market share in this important region.
“We are delighted in the company’s strong growth momentum which has expanded throughout FY21 with 47 percent ARR growth,” said Marco Limena, CEO of Board International. “These latest annual results confirm enterprises are looking to enhance their ability to capture deeper insights from their financial performance and broader operations of their business, to make smarter and faster decisions, and drive business outcomes.”
Overall, the year saw customer deployments in large enterprises who selected Board’s solutions for the office of finance, supply chain, sales and operations, and strong wins and expansion in industry verticals including Retail. The strong customer adoption highlights the flexibility of the Board platform to deliver business outcomes and realize value with integrated business planning, accelerating the benefits of digital transformation at enterprises worldwide.
Board International’s global talent pool continues to expand. Headcount at Board International increased by 20 percent over the previous year, with employee numbers set to increase further plan as the company delivers on plans to scale global operations further in 2022.
Board International is part of leading private equity investor Nordic Capital’s portfolio of companies.
Board is the #1 Decision-Making Platform, empowering people to have a transformative impact on their business by helping them to intuitively leverage their data in a flexible, all-in-one environment. Unifying Planning, Predictive Analytics, and Business Intelligence, the Board platform allows companies to produce a single, accurate view of business information, gain actionable insights, and achieve full control of performance across the entire organization. Using Board, global enterprises such as H&M, BASF, Burberry, Toyota, Coca-Cola, KPMG, and HSBC have digitally transformed their decision-making processes.
Founded in 1994, and now with 25 offices worldwide, Board International has long been recognized by leading analysts and subject matter experts including Gartner, Nucleus, and Dresner.