With a successful close of 2017, Nexthink’s vision of going public come a step closer. The company, offering digital experience management software for enterprises, reports an increased global customer base including over 200 large enterprises, more partners and staff.
Nexthink developed a new technology that provides IT departments of client companies with real-time visibility of user stations. The company has been recording steady success in the past years. Last year, the Vaud based company achieved a 74 percent increase in annual subscription revenue growth. This success was driven by a growing market for solutions that help enterprises to ensure a high-quality digital experience for their employees.
Nexthink also announced it has completed the transition to a subscription offering, with more than 80 percent of its total revenue resulting from subscriptions – up from 40 percent just three years ago. The company signed multiple deals worth more than $1M of ACV (Annual Contract Value) in 2017 – and now counts more than 50 of the Fortune 2000 as customers, with a total of more than 5M enterprise endpoints worldwide.
“2017 was an incredible year. We successfully launched Nexthink Act, added more than 200 large enterprise customers and our customer success ratings are extremely positive. We see a strong need in the market – and our solution and expertise are charting the course to the future of the digital enterprise,” said Pedro Bados, CEO and co-founder of Nexthink.
100 new employees globally
Other key milestones achieved during 2017 include, 207 new customers from key industry segments worldwide, which brings its customer base to more than 850; expansion of the Managed Service Providers (MSPs) business with key alliances; receipt of certification with ServiceNow and successful launched the first certified connector for Splunk and Nexthink. Additionally, the company appointed senior level managers – such as Sacha Herrmann as new CFO; Heather Moses as CMO and Mary Beth Vassallo as general manager of the Boston subsidiary – and 100 new employees globally.
Since its establishment, Nexthink has raised over $65 million in investment. Together with this continued growth and success, the company comes a step further in its plans to go public in 2020.
(RAN)
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