Thursday, April 7, 2022

o9 Solutions Tripled Its Annual Recurring Revenue In Q1, 2022

o9 Solutions, a leading enterprise AI software platform provider for transforming planning and decision-making, today reported that its annual recurring revenue (ARR) in Q1’22 more than tripled compared to the same period a year ago. The first quarter’s growth was driven by new global customers in various industries including food and beverage, medical equipment, apparel, and telecom. This underscores the broad applicability of o9’s AI-powered planning and decision-making platform.

"Our performance this quarter shows the growing need for more intelligent and resilient supply chains that can withstand an increasingly complex and dynamic business landscape," said Chakri Gottemukkala, Co-founder and CEO, o9 Solutions. "The rapid adoption of o9's AI-enabled, cloud-native platform speaks to its ability to help the world's largest organizations not only navigate volatile conditions, but also unlock significant business value through superior visibility, predictive and prescriptive insights, and cross-functional collaboration.”

In Q1’22, o9 also announced its flagship annual digital transformation event, aim10x global 2022, held virtually on April 5-7. The event is the company’s largest conference to date— with more than 9,000 registrants—and featured a lineup of 70-plus thought leaders in the supply chain space, keynotes by C-suite executives, and interactive panel discussions between highly influential digital transformation leaders and innovators from all industries.

During the first quarter, o9 expanded into new geographies including Australia and Brazil to support continued its rapid client growth globally. o9 also continues to increase its global talent pool, which now includes more than 1,700 employees worldwide. 

“Such a strong start to 2022 underscores o9's unmatched ability to help companies turn traditionally siloed and slow planning processes into a smart, integrated digital operating model,” said Igor Rikalo, President and Chief Operating Officer, o9 Solutions. “The need for digital transformation has never been more crucial, which is evident in the incredible turnout at our aim10x global 2022 event. We look forward to building on this momentum in Q2'22 and beyond.”

Other notable highlights during Q1’22 include:

o9 received $295 million in funding at $2.7bn valuation from General Atlantic, its BeyondNetZero climate investing venture, Generation Investment Management and KKR

o9 Solutions’ Co-Founder and CEO Chakri Gottemukkala Named Enterprise Innovator of The Year 2022 by D CEO and Dallas Innovates

o9’s Anusha Sharma Named a 2022 Pros to Know Winner by Supply & Demand Chain Executive

o9 Solutions Ranks No. 67 on Inc. Magazine’s List of Southwest Region’s Fastest Growing Companies

o9 Solutions and AWS Collaborate to Help Businesses Accelerate the Digital Transformation of Their Supply Chain Planning and Execution Processes

o9 Solutions Helps Marelli Digitall Transform Its Business

o9 Solutions Drives Digital Supply Chain Transformation at Berger Paints 

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