o9 Solutions Inc., a leading enterprise AI software platform provider for transforming planning and decision-making, today reported a 400%-plus increase in year-over-year growth in annual recurring revenue (ARR) from new customers during Q4’21. On a full year basis, o9’s ARR grew more than threefold in 2021 compared to 2020.
“Despite a year marked by significant market uncertainty and an increasingly competitive business landscape, we achieved a record number of new customer wins as well as expansions with existing customers in 2021”
Some of the world’s most iconic brands signed up to use o9’s Digital Brain platform during the quarter – including the world’s No. 1 semiconductor memory company, North America’s top telecommunication provider, a multinational edge-to-cloud technology firm, a leading digital health technologies company, a high-growth producer of sustainable foods, and many more. o9 also acquired its first customers in the Middle East and Southeast Asia in Q4’21, opening new and significant geographies to further fuel its growth trajectory.
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Client expansions, enabled by continued value creation, tripled year-over-year in Q4’21. This included multiple clients that expanded their use of o9’s solutions within 12 months of their initial purchase, reinforcing the rapid value delivered by o9’s platform. During the quarter, o9 also successfully deployed its innovative planning and decision-making platform at existing clients – including one of the world’s most well-known beauty companies, a large beverage/food retailer, and a Fortune 100 construction-equipment manufacturer.
In addition, o9’s talent pool continues to grow with the number of employees worldwide now exceeding 1,600, nearly double the number at the end of 2020.
“Our performance in 2021 continued to demonstrate the broad-based applicability of o9’s platform across diverse industries, regions, and types of customers,” said Chakri Gottemukkala, co-founder and CEO of o9. “Since its inception, the o9 platform was built to address the most critical planning challenges that global enterprises are facing and to do so in a scalable fashion. Our very strong results in 2021 and our momentum heading into 2022 are a clear validation of the massive value-generation potential of a digital platform like the o9 Digital Brain for global companies that have embarked on a digital transformation journey.”
“Despite a year marked by significant market uncertainty and an increasingly competitive business landscape, we achieved a record number of new customer wins as well as expansions with existing customers in 2021,” said Igor Rikalo, President and Chief Operating Officer, o9. “Our performance this quarter and throughout 2021 resulted largely from growth investments made heading into the year. As we have continued to scale our team and deploy our platform at more companies, our opportunities continue to expand rapidly and I am looking forward to an even stronger 2022.”
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