o9 Solutions, a leading enterprise AI software platform provider for transforming planning and decision-making, today reported that its annual recurring revenue (ARR) added in Q3’22 doubled as compared to the same period last year.
o9’s third quarter growth was driven by continued expansion at existing clients and the addition of new global clients – including in Japan, Brazil and Mexico – across industries such as apparel, food and beverage, packaging and telecom. o9’s workforce also grew to 2,300-plus employees in Q3. It opened additional offices in Shanghai and Sydney and is continuing to build its presence in Brazil.
“In today’s business environment, companies are turning to integrated business planning models to facilitate greater collaboration, and promote unsiloed planning and decision-making across their organizations,” says Chakri Gottemukkala, Co-Founder and CEO of o9 Solutions. “o9’s continued growth indicates that there is a true need for an AI-powered platform that gives business leaders and their teams access to critical insights that help strengthen their businesses and supply chains.”
Another major milestone in Q3 is o9’s introduction of a broad and deep set of sustainability solutions that are embedded in the Digital Brain platform, including full traceability, ESG risk management, ESG-enabled business planning, and many more. This offering will help companies continue to improve and build upon the environmental and social impact KPIs within their supply chains.
“o9’s expansion-driven growth in Q3 is a testament to the value creation of our Digital Brain platform. As businesses continue to navigate economic uncertainties, I’m confident that our platform and suite of solutions will provide robust insights that help companies maximize their business planning capabilities,” says Igor Rikalo, President and Chief Operating Officer, o9 Solutions.
Among other notable highlights in Q3, o9 Solutions also:
- Launched Supply Sensing to Help Companies Predict, Assess and Mitigate Supply Disruptions
- Crossed $150M in ARR
- Was named a Leader in All 5 IDC MarketScapes Reports for Worldwide Supply Chain
- Featured on the 2022 Inc. 5000 Annual List for the 5th Consecutive Year
- Brought Integrated Demand Planning Capabilities to Gordon Food Services’ U.S. Distribution Business
- Joined United Nations Global Compact Initiative
- Signed a Pledge to Advance Diversity and Inclusion in the Workplace
- Issued Its First Inaugural Environmental, Social, and Governance Impact Report
To learn more, visit www.o9solutions.com.
About o9 Solutions, Inc.
o9 Solutions is a leading AI-powered platform for integrated business planning and decision-making for the enterprise. Whether it is driving demand, aligning demand and supply, or optimizing commercial initiatives, any planning process can be made faster and smarter with o9’s AI-powered digital solutions. Bringing together technology innovations—such as graph-based enterprise modeling, big data analytics, advanced algorithms for scenario planning, collaborative portals, easy-to-use interfaces and cloud-based delivery—into one platform. For more information, please visit www.o9solutions.com.
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Contacts
Katie Fanuko
PR team o9 Solutions
katie.fanuko@o9solutions.com
