Cloud solutions provider Orbus Software has achieved unprecedented growth in its Software-as-a-Service (SaaS) business in 2022, with a 123% increase in annual recurring revenue (ARR). This growth was supported by an 80% increase in customer numbers, with major organizations such as the US Department of Commerce and the Reserve Bank of Australia signing on as new customers.
Gareth Burton, CEO of Orbus Software, has attributed this growth to the increased need for visibility and control in a macroeconomically uncertain environment. He said, “The need for enterprises and government agencies to understand, design and optimize their digital environments has become critical. Our SaaS solution is the bridge connecting business and technology, providing our customers with unprecedented levels of transparency and control.”
The success of Orbus Software’s SaaS business is indicative of a broader trend in the cloud solutions industry, as organizations of all sizes continue to leverage the power of cloud computing for their decision-making needs. This increased demand for cloud solutions has prompted many organizations to turn to specialized providers such as Orbus Software for their digital transformation needs.
Looking forward, Orbus Software plans to continue capitalizing on the strong demand for cloud solutions, with Burton noting, “We’re committed to providing the best possible solutions to our customers. In the future, we are focused to continue to innovate and expand our suite of services to ensure they can get the most out of their digital environments.” With their continued success and expansion, Orbus Software stands to become one of the leading cloud solutions providers.