ARR

KBRA Releases Research – Recurring Revenue Loan Metrics Dashboard: February 2024 Update

Retrieved on: 
Tuesday, February 20, 2024

KBRA releases an updated report that tracks several reported metrics within recurring revenue loan (RRL) securitizations.

Key Points: 
  • KBRA releases an updated report that tracks several reported metrics within recurring revenue loan (RRL) securitizations.
  • In this report, KBRA continues to track several key metrics sourced from quarterly collateral loan tapes provided by the issuers of KBRA-rated RRL securitizations, in dashboard form.
  • Changes in such metrics can provide an indication of the general health and credit quality of the portfolios.
  • The November analysis used collateral tapes dated through September 2023, and for this update we utilized reports dated through December 2023.

AuditBoard Surpasses $200 Million in ARR, Continues Rapid Growth

Retrieved on: 
Tuesday, February 20, 2024

AuditBoard's potent combination of innovative technology and increasing market demand continues to fuel the company's accelerated growth.

Key Points: 
  • AuditBoard's potent combination of innovative technology and increasing market demand continues to fuel the company's accelerated growth.
  • The company’s capital-efficient model has sustained its rapid growth and expansion, with its last funding round, led by Battery Ventures, taking place in 2018.
  • AuditBoard reached this latest revenue milestone 9 months after announcing that the company had exceeded $150M in ARR.
  • These solutions are made up of customer-focused innovations connecting audit, risk, infosec, and ESG teams across the enterprise, and include expanded capabilities like AuditBoard IT Risk Management™, AuditBoard AI™, AuditBoard Analytics™, and AuditBoard Operational Risk Management™.

DigitalOcean Announces Fourth Quarter and Fiscal Year 2023 Financial Results

Retrieved on: 
Wednesday, February 21, 2024

DigitalOcean Holdings, Inc. (NYSE: DOCN), the developer cloud optimized for startups and growing digital businesses, today announced results for its fourth quarter and fiscal year ended December 31, 2023.

Key Points: 
  • DigitalOcean Holdings, Inc. (NYSE: DOCN), the developer cloud optimized for startups and growing digital businesses, today announced results for its fourth quarter and fiscal year ended December 31, 2023.
  • Net cash from operating activities was $81 million as compared to $65 million in the fourth quarter 2022.
  • Adjusted free cash flow was $29 million as compared to $36 million in the fourth quarter 2022.
  • Fourth Quarter 2023 Operational Highlights:
    Average Revenue Per Customer (ARPU) was $92.63, an increase of 6% over the fourth quarter 2022.

With Award-Winning Product Innovation and Strong Revenue Growth, Flashpoint Cements Status as Provider of the Industry’s Best Threat Data and Intelligence

Retrieved on: 
Tuesday, February 20, 2024

We delivered award-winning innovation to help them stay ahead of evolving threats, in the form of our Ignite platform and impactful new data collection capabilities.

Key Points: 
  • We delivered award-winning innovation to help them stay ahead of evolving threats, in the form of our Ignite platform and impactful new data collection capabilities.
  • As a result, we ended the year with strong growth and profitability, solidifying our position as the top-tier threat intelligence leader,” said Josh Lefkowitz, CEO of Flashpoint.
  • In April, Flashpoint unveiled its Ignite platform , designed to equip security teams with the power of Flashpoint’s data, human expertise, and automated analysis.
  • Flashpoint Firehose : A data-as-a-service solution that delivers a near-real-time stream of enriched, contextualized data from Flashpoint’s massive collection of sources.

Delinea Poised to Disrupt Identity Security in 2024 After Achieving Key ARR Milestone, Debut of the Delinea Platform, and Strategic Acquisitions

Retrieved on: 
Thursday, March 7, 2024

SAN FRANCISCO, March 7, 2024 /PRNewswire/ -- Delinea, a leading provider of solutions that seamlessly extend Privileged Access Management (PAM), today announced the close of its 2023 fiscal year, surpassing a key annual recurring revenue (ARR) milestone of $300 million and achieving a 'Rule of 40' profile. The company also grew recurring revenue to greater than 85% of total revenue.

Key Points: 
  • Delinea accomplished a notable innovation milestone in 2023 by debuting the Delinea Platform , a cloud-native foundation for Delinea's industry-recognized PAM solutions that empowers end-to-end visibility, dynamic privilege controls, and adaptive security.
  • Delinea has quickly accelerated its momentum in 2024, announcing two strategic acquisitions to start the year.
  • "2023 was a year of significant growth for Delinea, exemplified by achieving a key ARR milestone and 'Rule of 40' profile," said Art Gilliland, CEO at Delinea.
  • "We are steadfast on continuing to disrupt identity security this year; our acquisitions of Authomize and Fastpath are just the beginning."

Couchbase Announces Fourth Quarter and Fiscal 2024 Financial Results

Retrieved on: 
Tuesday, March 5, 2024

SANTA CLARA, Calif., March 5, 2024 /PRNewswire/ -- Couchbase, Inc. (NASDAQ: BASE), the cloud database platform company, today announced financial results for its fourth quarter and fiscal year ended January 31, 2024.

Key Points: 
  • SANTA CLARA, Calif., March 5, 2024 /PRNewswire/ -- Couchbase, Inc. (NASDAQ: BASE), the cloud database platform company, today announced financial results for its fourth quarter and fiscal year ended January 31, 2024.
  • Gross margin: Gross margin for the quarter was 89.7%, compared to 85.7% for the fourth quarter of fiscal 2023.
  • Non-GAAP gross margin for the quarter was 90.4%, compared to 86.3% for the fourth quarter of fiscal 2023.
  • Non-GAAP operating loss for the quarter was $4.1 million, compared to $9.9 million for the fourth quarter of fiscal 2023.

ketteQ Continues Rapid Expansion and Achieves 200% Average Annual Recurring Revenue Growth

Retrieved on: 
Tuesday, March 5, 2024

ATLANTA, March 5, 2024 /PRNewswire-PRWeb/ -- ketteQ, a trail-blazing provider of supply chain planning and optimization solutions that deliver break-through levels of operational and financial performance, today announced that it has achieved a 200 percent average annual recurring revenue (ARR) growth over a three-year period.

Key Points: 
  • ketteQ, a trail-blazing provider of supply chain planning and optimization solutions that deliver break-through levels of operational and financial performance, today announced that it has achieved a 200 percent average annual recurring revenue (ARR) growth over a three-year period.
  • ATLANTA, March 5, 2024 /PRNewswire-PRWeb/ -- ketteQ, a trail-blazing provider of supply chain planning and optimization solutions that deliver break-through levels of operational and financial performance, today announced that it has achieved a 200 percent average annual recurring revenue (ARR) growth over a three-year period.
  • That is why today's leading manufacturers continue to turn to ketteQ for its break-through supply chain planning solutions .
  • ketteQ raised over $9M in Series A funding led by Vocap Partners and Circadian Ventures to accelerate growth and geographic expansion.

Pendo Surpasses $200 Million in ARR, Releases Record Number of New Products During Fiscal Year

Retrieved on: 
Tuesday, March 5, 2024

RALEIGH, N.C., March 5, 2024 /PRNewswire/ -- Pendo, the all-in-one product experience platform, today announced highlights from its fiscal year, which ended January 31, 2024. Notable milestones include achieving $200 million in annual recurring revenue (ARR) and its first quarter of positive cash generation, launching a record number of new products, and adding more than 400 new customers. Pendo now counts as customers 75 of the Fortune 500 and nearly half of the top 100 public software companies by market cap.

Key Points: 
  • Pendo now counts as customers 75 of the Fortune 500 and nearly half of the top 100 public software companies by market cap.
  • Nearly 12,000 companies use the Pendo One platform to provide better software experiences to 800 million people every month.
  • Pendo also grew its base of customers with an annual contract value over $100,000 by 20 percent and nearly doubled the number of customers paying $1 million or more.
  • Product innovation: Pendo announced its unified product experience platform called Pendo One, designed to help companies deliver better experiences for any user—both customers and employees.

Barracuda doubles down on partner and distributor profitability; enhances global partner program

Retrieved on: 
Tuesday, March 5, 2024

CAMPBELL, Calif., March 5, 2024 /PRNewswire/ -- Barracuda Networks, Inc., a trusted partner and leading provider of cloud-first security solutions, today announced new enhancements to the Barracuda Partner Success Program aimed at increasing partner margin and profitability and expanding technical enablement for channel partners and distributors.

Key Points: 
  • Investments in the global Barracuda Partner Success Program include:
    Improving partner compensation models globally.
  • The Barracuda Partner Success Program was launched in December 2023 with the goal of ensuring partner success around the globe through two core elements: the shared success model and partner agility.
  • Partners participating in the global Barracuda Partner Success Program benefit from a clear path to success under the Premier, Preferred, and Authorized levels.
  • Resellers interested in learning more about the features and benefits of the Barracuda Partner Success Program can visit www.barracuda.com/partners .

Dave O'Flanagan appointed Interim CEO of Sitecore

Retrieved on: 
Monday, March 4, 2024

SAN FRANCISCO, March 4, 2024 /PRNewswire/ -- Sitecore®, a global leader in end-to-end digital experience management software, today announced the appointment of Dave O'Flanagan as Interim CEO. Dave assumes the role having previously been Sitecore's Chief Product Officer. His commitment to technology and customer obsession will see the business further invest in Sitecore's Digital Experience Platform (DXP), advance its operational capabilities, and better enable its thriving partner ecosystem to enable customers to effectively differentiate, innovate, and grow. Dave is an experienced CEO, having led Boxever before it was acquired by Sitecore in 2021. Steve Tzikakis will remain as a special advisor to the Sitecore Board and support Dave through the transition.

Key Points: 
  • SAN FRANCISCO, March 4, 2024 /PRNewswire/ -- Sitecore® , a global leader in end-to-end digital experience management software, today announced the appointment of Dave O'Flanagan as Interim CEO.
  • Dave is an experienced CEO, having led Boxever before it was acquired by Sitecore in 2021.
  • Steve Tzikakis will remain as a special advisor to the Sitecore Board and support Dave through the transition.
  • Commenting on his appointment, Interim CEO of Sitecore, Dave O'Flanagan said: "I am honored to lead Sitecore into this next wave of growth.