London based business software developer celebrates over 2,000 per cent growth

London headquartered enterprise architecture solutions provider Orbus Software has achieved strong revenue growth in the last year.

During this period, the SaaS business grew by 77 per cent, with a net revenue retention of 112 per cent and a customer retention rate of more than 97 per cent. Since receiving investment in December 2020, the company’s SaaS platform ARR has grown by 2,035 per cent.

Over 50 per cent of the company’s growth came from EMEA, with government and finance industries accounting for more than half of this. Within North America, manufacturing was the key contributor, and APAC saw success in the engineering, mining, and utilities sectors.

This highlights that, despite ongoing economic pressures, regulated sectors continue to invest in technology to modernise their operations and reinforces the need for an enterprise transformation platform that helps master complexity and streamline decision-making.

Gareth Burton, CEO of Orbus Software, commented: “Orbus’s continued strong growth is fundamentally driven by the value our solutions provide and the commitment of our global team. Our flagship product, OrbusInfinity, continues to attract new organisations and delight long-standing customers.

“We are committed to helping private and public organisations, across all geographies, with their strategic transformation initiatives, by providing forensic visibility into business operations and technology infrastructure through our enterprise transformation platform.

“Customers and analysts recognize Orbus as a trusted leader that empowers enterprises to restructure, re-imagine, and re-engineer their business processes and technology landscapes to drive long-term success.”

In the first half of 2023, business highlights included:

• Customer Growth: Strong performance in regulated industries led by the government sector, which accounted for 28 per cent of global growth.
• Customer Retention: The company’s SaaS platform OrbusInfinity had a customer churn rate of less than 1 per cent, with additional migrations from the Orbus on-premises offering from customers including Alaska Airlines, Mizuho, and the Washington State Department of Social and Health Services.
• People: Paddy Deller was appointed CFO in June, bringing a wealth of experience in finance, including mergers and acquisitions within the SaaS sector.
• Customer Engagement: The company held two user group events in London and New York in the spring, where it invited customers to connect with other users, discuss ways to maximise the value of the platform, and offer direct input into the product innovation roadmap.

By Matthew Neville – Senior Correspondent, Bdaily

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