Board International Reports Strong Second Quarter Growth
Decision-making platform provider Board International announced strong Q2 2021 performance, with Annual Recurring Revenue (ARR) growing 45% over the last 12 months.
Board International, a provider of decision-making platforms, announced on Tuesday, July 20, 2021, strong performance metrics for the second quarter of 2021. The company's Annual Recurring Revenue (ARR) saw a 45% increase over the preceding 12-month period.
The company reported a 58% increase in new software ARR orders during the second quarter compared to the same period last year, contributing to a 69% growth in the first half of 2021. Board added 54 new customers in the quarter, including pharmaceutical company Zentiva and public health organization Jhpiego. The company's Net Retention Rate stood at 114%.
Board International also expanded its workforce, hiring over 125 new employees since the beginning of the year, increasing its headcount by 15% to a total of 500 employees across 25 countries. During the quarter, the company released Board Spring 21, the latest iteration of its platform, focused on enhanced performance and unified decision-making capabilities.
The company received recognition from industry analysts, including Gartner Peer Insights Customers’ Choice for Cloud Financial Planning and Analysis solutions. BARC also named Board a Market Leader in Integrated Planning & Analytics.
"I am very proud of these results," said Maurizio Carli, CEO of Board International. "Our flexible, all-in-one Decision-Making Platform gives organizations a strong competitive advantage." He stated that the company will continue to focus on product innovation and enhancing the customer experience.