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Orbus Software, a leading global provider of enterprise transformation software, has seen substantial year-on-year (YoY) growth ending June 2024, including increases in annual recurring revenue (ARR), growth of software-as-a-service (SaaS) platform OrbusInfinity, and net revenue retention (NRR).
Financial and operational highlights for YTD FY2024
- ARR increased by 30% versus June 2023
- OrbusInfinity ARR saw an increase of 48% versus June 2023
- NRR was 110% over the last 12 months for the total business, with the OrbusInfinity platform performing strongly at 126% NRR
- OrbusInfinity’s customer base grew by 25% from June 2023
This substantial continued growth underscores the widespread demand for and value of cloud software solutions that support enterprise transformation initiatives.
Orbus’s leading status in the industry has also been highlighted in the Gartner® Peer Insights Voice of the Customer for Enterprise Architecture Tools 2024 report, where it was recognized as a Customers’ Choice for the eighth consecutive year.
The company also highlights the important role that partnerships are playing in its continued success. By July 2024, Orbus has already launched significant collaborations with French IT consultancy Marte and global provider of integrated business solutions and consulting services Arribatec, with more soon to follow.
"Partnerships are at the core of our strategy for success,” said Adam Lamping, Head of Partnerships – EMEA at Orbus Software. “They are instrumental in delivering unparalleled value to our customers as they navigate their enterprise transformation journeys. By collaborating with world-class partners, we ensure that our clients have access to the best resources, innovative solutions, and expert guidance. This not only accelerates their transformation initiatives but also ensures they are sustainable and impactful.”
Orbus Software has also solidified its trajectory of growth and industry leadership with key executive hires in H1 2024.
- Laurie Kelly, Vice President of Growth Marketing, with previous roles at Ardoq, MEGA, and PwC
- Ed Granger, Vice President of Product Innovation, with previous roles at Ardoq, Avolution, Aviva, and EY
- Andrew Tutt, Senior Vice President of Engineering, with 20 years of software development experience
"Enterprise transformation is a complex but crucial and ongoing discipline that drives sustainable business success by enhancing performance improvement, operational agility, technology innovation, and decision-making, while mitigating risks and reducing costs, ultimately driving top-line and bottom-line improvements," said Gareth Burton, CEO of Orbus Software. "In 2024, we have seen organizations worldwide increasingly embrace this necessity. We are proud to support their strategic initiatives, helping them successfully surpass expectations and deliver real results while navigating complex technological changes.”