High five: IFS sees double-digits for fifth consecutive year

celerated with the launch of Arcwide in April last year.

Annual recurring revenue was up 57 percent YoY, with the rise driven by bookings from new customers. Net revenue was SEK 8.4bn, representing a 19 percent increase on 2021 figures. The firm attributes its success to its evergreen model, with its twice-yearly release cycle allowing IFS more than 10,000 customers to adopt regular updates while negating the need for costly upgrades. New customers are currently av- eraging 9.5 months from contract to value.

"2022 was characterized by acceleration. We have reached a landmark $1bn revenue."

The IFS partner ecosystem also grew 65 percent YoY, and participated in over 50 percent of implementations, with over two-thirds of its largest partners signing up to the IFS partner success program following its launch in Q1 2022.

The 2022 financial year also saw IFS win several awards for its software, notably ERP Today’s Vendor of the Year Award, and, for the ninth year running, the Gartner Magic Quadrant for Field Service Management.

IFS CEO Darren Roos said: “For IFS, 2022 was a year characterized by acceleration. We increased our headcount to over 5,500 employees, reached a significant landmark in revenue at $1bn and outpaced our competitors by delivering double-digit growth for the fifth consecutive year."

Samsara swings three-year high with headcount swell

Samsara announced its fourth quarter financial results, reporting quarterly growth at its highest in three years and a 40 percent headcount swell.

Q4 revenue grew 48 percent, reaching $186.6m and bringing full fiscal year revenues to $652.5m, up 52 percent year-on-year.

Annual recurring revenue

(ARR) reached 795.1m, increasing by 42 percent YoY, and showing the gains of the firm’s continued investments in the physical ations market. Going against the industry grain, a rise in customer demand has seen Samsara boost its headcount team in fiscal 23 to over 2,200. a added over 400 more large customers to the fold this year, with over 1200 accounts now reaching over $100,000 in ARR, a 53 percent rise YoY. Operating losses shrank significantly, reducing to $60m in Q4, and for the full fiscal year down to $259.5m, a $94.3m difference YoY.

Guidance for Samsara’s full fiscal year 2024 expects revenues between $838-$848m, representing 28-30 percent growth YoY.

ServiceNow has unveiled a major partner program transformation to further partner growth and customer success.

The multi-year vision supports the $500bn market opportunity for the Now Platform and associated partner services with a redesign of the company’s partner program, featuring a new partner development fund amongst other incentives and benefits.

The new ServiceNow Partner Program includes four new distinct modules for build, consulting and implementation, resale and service provider partners. New incentives will enable partner growth through maximized investments and opportunities to demonstrate expertise. Additionally, the partner experience will see enhancements such as a ‘partner finder’ that allows customers to choose the right partner best suited to their business.

Erica Volini, senior vice president of alliances and channel ecosystem at ServiceNow, said: “The vision for ServiceNow partners is that they should be treated as co-creators of value, and as co-pilots on our journey to becoming the platform for digital business.”

Unit4 launches new Marketplace platform

Unit4 has launched Unit4 Marketplace, a new platform where its ISV, reseller and service partners can showcase their innovative, bespoke industry and vertical apps that link to

Unit4’s ERP solutions.

The Unit4 Marketplace will launch with nine of the company’s global partners and will enable customers to quickly extend the capabilities of their

THOMA BRAVO TO ACQUIRE COUPA FOR $8BN

Thoma Bravo has entered into a definitive agreement to acquire Coupa Software, a leader in business spend management.

The all-cash transaction has an enterprise value of $8bn and is expected to close in the first half of 2023, wherein Coupa will become a privately held company.

Under the terms of the agreement, Coupa shareholders will receive $81 per share in cash, representing a 77 percent premium to Coupa’s closing stock price on November 22, 2022.

existing Unit4 solutions with ready-made integrations. Customers will be able to access a catalog of apps, visible through a single and filterable storefront.