Bizagi Gains Significant Momentum Through Record Sales, Expansion and Milestone Product Innovation
WASHINGTON (PRWEB) May 17, 2023 -- Bizagi, a leader in low-code process automation for the enterprise, today announced record sales and expansion for its last fiscal year ending March 31, 2023. This marks the successful completion of its journey to becoming a Cloud ARR company and puts Bizagi in an even stronger position for growth in the years ahead. In addition, the company’s upcoming Spring 2023 product release unveils milestone capabilities that extend the potential of the platform for its customers.
Key Results
- Total bookings increased by 55% powered by cloud bookings growth of 78%
- 38 new enterprise customers across industries including Manufacturing, Retail, Transportation, Banking and Investments
- Annual recurring cloud revenues grew 64%
- Expansion bookings grew 78%
- Net retention increased to 115.5%
CEO Gustavo Gomez said “In becoming a Cloud ARR company Bizagi has reached an important inflexion point, putting us in a very strong position for the future. We have done this by focusing more than ever on partnering with our customers to realize the huge value they can deliver with Bizagi.”
Spring 2023 Release – General Availability May 31st
This upcoming release brings a range of new capabilities under the umbrella of ‘Bizagi Apps’. Bizagi Apps is the easiest way to create robust enterprise apps with built-in governance. It offers the best of both worlds by empowering users to rapidly design and develop with a low-code approach while retaining the benefits of process automation as the backbone.
Bizagi Apps’ architecture is based on reusable elements that provide both operational standardization and a composable architecture to enable rapid change. A core element of Bizagi Apps is the Experience Matrix, providing an intuitive view to define an app’s stakeholders along with the actions and information that apply to each. Also included is the new App Designer enabling a no-code approach to create personalized experiences and the App Launcher which intelligently displays each user’s apps based on their role.
This release enables organizations to easily design apps around the various personas within the enterprise and enhances Bizagi’s composability, encouraging companies to accelerate innovation by reusing elements such as Data, Flows, Forms, Personas and Reports as they create new apps.
“Bizagi Apps is an important innovation because it empowers our customers to extend their use of Bizagi and attack the backlog of business transformation projects even faster.” added Gomez.
About Bizagi
Bizagi's industry-leading platform for low-code process automation connects people, applications, robots, and information. As the most business-friendly and flexible solution on the market, Bizagi's cloud-native platform enables true collaboration between business and IT, delivering faster adoption and success. Fueled by a community of millions of users, Bizagi powers over 400 enterprises worldwide including Adidas, Unilever, DHL, and Bancolombia. For more information visit https://www.bizagi.com
Tim Burton, Bizagi, http://Bizagi.com, 44 (0) 1753 379273, [email protected]
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