**London**: Anaplan announces a substantial increase in annual recurring revenue, exceeding $1 billion, following a successful transformation journey. The company has expanded its customer base and software engineering team, while launching new innovative solutions to strengthen its position in the scenario planning market.
Anaplan, a platform specialising in scenario planning and analysis, has announced significant developments in its business transformation journey, informed by its progress over the past two and a half years. The company’s annual recurring revenue has surged from approximately $600 million to over $1 billion, reflecting substantial operational improvements.
CEO Charlie Gottdiener remarked on the transformative journey, stating, “When Anaplan began its transformation journey as a private company over two and a half years ago, the objective was ambitious – create a category-defining company, dramatically improve our financial performance, and fast-track innovation for our customers.” He emphasised the commitment to enhancing customer value through accelerated innovation.
Since initiating its transformation, Anaplan has added around 300 new customers in the last year and expanded its annual subscription customers exceeding $1 million to more than 200. Furthermore, the company has increased its number of software engineers by 40%, enhancing its innovation capacity.
The improved profitability has enabled Anaplan to allocate funds towards a previously announced $500 million multi-year innovation roadmap, aimed at developing advanced capabilities in its platform. Recent releases from Anaplan include a Data Orchestrator for enterprise data integration, integrated financial planning applications, and a new solution named CoPlanner, which employs generative AI for scenario planning.
Gottdiener pointed out the company’s leadership in scenario planning across major enterprise functions, underlined by the growth of Anaplan’s finance and sales operations. The finance segment has achieved over $600 million in annual recurring revenue, with analysts recognising it as a market leader in financial planning software.
In addition to these operational advances, Anaplan unveiled a modernised brand identity that reflects its dedication to innovation and adaptability in the competitive landscape of decision-making platforms. Chief Marketing Officer Jim Freeze highlighted that the new brand embodies Anaplan’s commitment to providing actionable insights across various business functions, stating, “Our new brand boldly reflects a relentless focus on helping our customers win.”
Anaplan boasts a customer base of over 2,400 global brands, leveraging its platform to enhance decision-making capabilities amid increasingly complex market demands.
Source: Noah Wire Services
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