Board International 'delighted' with FY 2021 results, 47% ARR growth rate

Economics
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Board International saw a 47% annual growth rate in 2021. | Unsplash/Austin Distel

Board International, a decision-making platform provider, recently announced the organization's fiscal year 2021 results.

In 2021, Board International accomplished a 47% Annual Recurring Revenue growth, according to a company press release.

“We are delighted in the company’s strong growth momentum which has expanded throughout fiscal 2021 with 47% ARR growth,” CEO of Board International, Marco Limena, said in the release. “These latest annual results confirm enterprises are looking to enhance their ability to capture deeper insights from their financial performance and broader operations of their business, to make smarter and faster decisions, and drive business outcomes.”

With 208 new enterprises in North America, Europe, and Asia choosing to work with Board International, the company saw a Net Revenue Retention (NRR) increase of 117%, according to the release.

"Board is the no. 1 decision-making platform, empowering people to have a transformative impact on their business by helping them to intuitively leverage their data in a flexible, all-in-one environment," the release stated. "Unifying planning, predictive analytics, and business intelligence, the Board platform allows companies to produce a single, accurate view of business information, gain actionable insights, and achieve full control of performance across the entire organization.”

Board International was founded in 1994 and has 25 offices around the world, according to the release. Several companies use its platform including H&M, Toyota, Coca-Cola, and HSBC.