Unit4 Announces Third Quarter Results with Cloud Growth and ERPx Momentum Building Ahead of Experience4U 2021

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Nov 03, 2021, 08:00 ET

LONDON, Nov. 3, 2021 /PRNewswire/ -- Unit4, a leader in enterprise cloud applications for mid-market people-centric organizations, today announced results for the third quarter ending September 30, 2021. The company has seen continued growth across all products including ERPx, regions and industries. This momentum demonstrates how Unit4 is successfully delivering innovation with a high degree of customer satisfaction to meet the evolving needs of mid-market organizations.

Cloud subscription revenue increased 27% (YTD) on the comparable period in 2020, with Annual Recurring Revenue growth of 26% (YoY)
Cloud bookings increased 14%, with 11% total bookings growth and
34 new customers signed including North Sea Port, The Volvo Dealers' Association, Amplit, Necto AS, Punch Consulting, Simcoe Muskoka Catholic District School Board and Durham Catholic District School Board
ERPx momentum builds with 62 new customers to the end of Q3
55 successful go-lives in the quarter; 104% net revenue retention
29% growth (YoY) on the value of contracts via partners
EBITDAC growth of 8% (YoY)

Customer Success: Delivering Impactful Solutions
New customers signed in Q3 included North Sea Port, The Volvo Dealers' Association, Amplit, Necto AS, Punch Consulting, Simcoe Muskoka Catholic District School Board and Durham Catholic District School Board. In July, Unit4 announced an extended agreement with RSM US LLP (RSM) for a further five years, as the sole provider delivering Unit4 Professional Services Automation (PSA), in the cloud, to half its workforce.

Unit4 continues to gain momentum with its ERPx, the next generation in smart ERP, with the customer count increasing to 62 from 44 at the end of the quarter. ERPx delivers a user experience and automation that optimizes how people work and has capabilities that are right for their business. With continued investment in customer success, Unit4 completed 55 successful customer go-lives in Q3 and achieved 104% net revenue retention.

Global Partner Ecosystem Update
Unit4 achieved 29% growth (YoY) on the value of contracts via partners and added five new service and GTM partners to its vibrant and growing partner ecosystem, including Carahsoft, Omnitell Tech (OTT), Softsensor.ai, Marques Business Solutions and Profitega Consultores S.C. Partners are an extension of Unit4, responsible for selling and supporting the company's solutions; they are extensively trained to enable fast implementation, integrated solutions, and provide ongoing service and support.

Experience4U Returns
Registration is open for Unit4's flagship annual global customer, prospect and partner event next month. Taking place 16 & 17 November, X4U will bring together the Unit4 community to collaborate and discover how Unit4 can support them, as they drive digital transformation at scale.

Dmitri Krakovsky, Unit4's Chief Product Officer, and Claus Jepsen, Unit4's Chief Technical Officer will be speaking live about our latest product innovation and how we're delivering on our vision for ERPx. Guest speakers include:

Steve Cadigan, LinkedIn's first Chief HR Officer, company culture expert, and author
Mark Gallagher, author, broadcaster, Formula 1 veteran and consultant
Peter Hinssen, Serial entrepreneur, advisor, and five-time bestselling author

Comments on the News:
"As our customers plan for the future, we know how important it is for them to have the digital operations platform that is right for their organizations," said Gordon Stuart, CFO, Unit4. "We have a unique advantage as our focus on people-centric services industries means we can offer unrivalled industry-specific functionality that enables our customers to work smart, be more agile and make more impactful decisions faster. That is why we continue to see momentum building for our ERPx platform and excitement among our customers to see the latest developments at X4U in November."

"The Volvo Dealers' Association was looking for a cost-effective solution that could support the business today to be flexible and compliant, with the ability to change as needed in the future," said Tomas Svensson, Chief Operative IT at the Volvo Dealers Association. "We wanted more efficient and more automated customer and supplier interfaces, as well as a higher degree of process automation. Scalability was also an important factor. The platform would suit both small and large businesses in terms of price, function and performance."

Further Reading:

Read more about our annual customer and partner event, X4U
Unit4 named as a leader in the Dresner Advisory Vendor Credibility and Customer Experience Models - Wisdom of Crowds® Enterprise Performance Management Market Study
Gartner's Hype Cycle for ERP 2021 mentions Unit4 as a sample player in Public Sector ERP
Visit our Awards and Ratings page to see the recent recognition that we've received.

About Unit4

Unit4's next-generation enterprise solutions power many of the world's most people-centric mid-market organizations. Our state-of-the-art cloud platform, ERPx, brings together the capabilities of Financials, Procurement, Project Management, HR, and FP&A onto a unified cloud platform that shares real-time information and is designed with a powerful, people-centric approach, so employees can benefit from better insight and become more effective and increasingly engaged. It supports rapid and continuous change while delivering individualized fit for customers at scale, delivering the right tools to unify the processes across their organization, and connect their people. Unit4 serves more than 6,000 customers globally including, Bravida, Havas, Migros Aare, Americares, Save the Children International, Action against Hunger, Metro Vancouver, Forest Research, Southampton City Council, Habitat for Humanity, Selkirk College, FTI Consulting, and Surrey County Council.

For more information please visit https://www.unit4.com/, follow us on Twitter @Unit4global, or visit our LinkedIn page

Media Contact:

Lisa Stassoulli
Global Communications Manager, Unit4
Mobile: +44(0)7870 916827
[email protected]

SOURCE Unit4