Glassbox Software as a Service Provider (SaaS), which provides digital experience analytics for web and mobile applications, announced that it reached $ 44 million in annual revenue (ARR) in the fourth quarter of 2021. This amount represents organic ARR growth of 34% in year-on-year terms , Which is the third consecutive quarter in which the company has shown growth since the company’s IPO in June 2021.
“I could not be more proud of Glassbox’s continued momentum and great end to the year. We have added an impressive amount of new customers from the enterprise and mid-market in every major geographic area, including some of the world’s largest brands, and our existing base continues to expand with us. Ours signals that we continue to perform, and more accelerate after the IPO, “said Yaron Morgenstern, CEO of Glassbox.
Evidence of strong growth is a 130% net increase in updated annual recurring revenue in 2021 compared to the previous year on a pro forma basis, and the addition of over 70 new customers, data highlighting Glassbox’s status as one of the fastest growing companies in the digital experience market. “We invest in growth through continued technological development, market initiatives and additional acquisitions and partnerships to reach our goals. More importantly, customers continue to realize tangible business value from our solutions. We are excited to contribute our share to the digital revolution, and are committed to innovation and value creation,” Morgenstern added. .