Accela Closes Fiscal Year with 31 Percent Increase in SaaS Annual Recurring Revenue, 36 Percent Increase in New Account Acquisition, and 117 Percent Net Customer Retention
SAN RAMON, Calif., Aug. 8, 2023 /PRNewswire/ -- Accela, the trusted provider of cloud solutions at the heart of government operations, today announced it closed the 2023 fiscal year with increases of 31 percent in SaaS annual recurring revenue (ARR) and 36 percent in new accounts signed, as well as net customer retention of 117 percent. Professional services bookings also grew nearly 50 percent. The company was also recognized as a Microsoft Partner of the Year for the fourth consecutive year.
- Over the past fiscal year, Accela announced several landmark deals, including a 10-year, $6.2 million contract to lead Merced County, California's digital transformation.
- The county chose Accela for its single platform approach and ability to dissolve boundaries between departments.
- In the quarter ending June 30, 2023, Accela announced a 19 percent increase in total ARR and continued 117 percent in net customer retention.
- Accela was also shortlisted for the 2023 SaaS Awards in the Best Enterprise-Level SaaS Product (USA) category for its leadership in delivering SaaS solutions.