o9 Solutions, a leading enterprise AI software platform provider for transforming planning and decision-making, has reported that its annual recurring revenue (ARR) added in Q3 2022 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.
Read more: o9 Solutions launches Supply Sensing
“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 organisations,” Chakri Gottemukkala, co-Founder and CEO of o9 Solutions, said. “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.”
Read more: o9 launches first-of-its-kind ESG technology
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 maximise their business planning capabilities,” Igor Rikalo, president and chief operating officer, o9 Solutions, said.
