Unit4, a leader in enterprise cloud applications for mid-market people-centric organizations, announced results for the second quarter and the first half of 2021, ending June 30, 2021.
- Cloud subscription revenue grew 25% in Q2 compared to previous year
- Cloud bookings increased 59% YoY in Q2, with total H1 bookings showing 40% YoY growth
- ERPx momentum continues with 44 customers to the end of H1
- Record new name business in H1 including Devoteam, Motala Municipality, Parks and Resorts, County of Grande Prairie and Portman Travel.
- 88 successful go-lives, leading to 103% net revenue retention through Q2
- 201% growth (QoQ) on the value of contracts via partners
- EBITDAC growth of 15% YoY
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A New Chapter of Growth and Innovation
The completion of Unit4’s strategic growth buyout by TA Associates marks an exciting new chapter for Unit4 on its ambitious journey to become a $10 billion cloud ERP champion for mid-market people-centric industries. The support of TA Associates will enable Unit4 to intensify its international growth and M&A activity.
Unit4 continues to build out its flagship ERPx solution to enable its customers to work smarter and drive productivity across their organizations. Its ‘right for your business’ approach to ERP innovation has driven a strong start to the year as more customers turn to Unit4 to accelerate digital transformation efforts as economies improve. Unit4’s ERPx customer count has grown to 44, including new customers in Q2 – Aurora Care, Birmingham Metropolitan College, Den Norske Krigsforsikring for Skib, and Lunar Bank A/S. Implementations are on track for customers going live before the end of the year.
Unit4 signed a record number of new name customers in H1, including Bodø Energy, Devoteam, GBS, Golden Lane Housing, Motala Municipality, Metyis, North Sea Port, Portman Travel, Parks and Resorts Scandinavia AB, Strängnäs Municipality and The Police & Crime Commissioner for Cheshire. It also completed 88 successful customer go-lives in the first half of the year.Q2 saw more focus on the customer journey, including the launch of digital chat and other self-service tools, and the expansion of Unit4’s customer service and R&D teams to focus on customer success.
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Experience4U 2021 Announced
Following the success of its flagship global customer and partner event in 2020, Unit4 announced that Experience4U (X4U) will take place 16 & 17 November 2021.
X4U is designed to bring the Unit4 community together with keynotes and breakout sessions, product workshops and training, and a host of networking opportunities. This year’s X4U will take the format of a two-day virtual event combined with exclusive meet-ups in select locations. Registration opens late summer.
Comments on the News:
“As technology continues to enable new processes and best practices, leveraging platforms to build additional capabilities will allow enterprises that want to be disruptors in digital transformation to build software for experimental purposes,” said Holger Mueller, Vice President and Principal Analyst, Constellation Research. “Unit4 has come a long way to help its customers in their digital transformation journey and the launch of its ERPx platform has shown the company has built one of the most—if not the most—modern and complete platforms we have observed in the market.”
“As we begin our next chapter in partnership with TA Associates, we are more confident than ever in our people, solutions and ability to deliver something exciting for mid-market services organizations,” said Gordon Stuart, CFO at Unit4. “Our H1 results demonstrate resilience and agility with a focus on driving growth through innovation and delivering customer value. Our customers are looking to Unit4 to deliver the tools they need to run their organizations efficiently and effectively, and to deliver the critical digital transformations they are undertaking. They are also looking for software solutions that can adapt as they do in response to rapid change. As Unit4 continues to disrupt the market with ERPx it remains committed to delivering an extraordinary people experience for its customers.”
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