We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • INDUSTRY PRESS ROOM
  • SUBMISSIONS
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • CSCMP EDGE 2022 Startup Alley
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • CSCMP EDGE 2022 Startup Alley
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
Home » o9 Solutions Doubles Its Annual Revenue Bookings in 2020
Press releases are provided by companies as is and have not been edited or checked for accuracy. Any queries should be directed to the company issuing the release.

Upload your press release

o9 Solutions Doubles Its Annual Revenue Bookings in 2020

Momentum looks set to continue into 2021

January 13, 2021
No Comments

DALLAS, January 13, 2021— o9 Solutions Inc., a leading provider of Integrated Business Planning platforms for the digital transformation of enterprise-wide planning and decision-making capabilities, announced significant bookings growth during 2020 today. 

o9 more than doubled its annual recurring revenue bookings in 2020, demonstrating strong market demand for its platform. The company reported an 83 percent increase in employees in 2020, bringing its total headcount to 830. The company also continued to maintain a robust cash position underscoring its efficient and scaled growth trajectory. 

Clients across various industry segments, including Consumer Packaged Goods (CPG), Manufacturing and Retail, are turning to o9’s intelligent, AI-enabled platform to unlock significant business value through superior visibility, predictive and prescriptive insights, and cross-functional collaboration. 

“Our continued growth is a true testament to market opportunity. Business leaders are realizing the tremendous value creation potential of using o9’s platform, as the ‘digital brain’ of their enterprise,” said Chakri Gottemukkala, CEO of o9. “The pandemic has exposed the need for real-time, market-driven, and integrated planning across the enterprise. The power, flexibility, and ease-of-use of o9’s platform is driving its rapid adoption and growth, and we see these trends continuing to play out at scale”

o9 added bookings across all its core industry verticals of CPG, Manufacturing and Retail with notable growth in the Food & Beverage and Fashion & Apparel sub-segments. The company also delivered a record number of global deployments to its clients during 2020 by leveraging its industry specific reference models and realizing rapid time to value across complex planning workflows including demand, supply and S&OP planning.

“We are seeing strong demand indicators heading into 2021 and beyond, and intend to aggressively invest into global growth particularly in China, Latin America and South-East Asia”, said Igor Rikalo, President & COO commenting on o9’s outlook. “o9’s has the most advanced cloud-native platform for all planning capabilities, as evidenced by its adoption by leading Fortune 100 companies. We have significantly scaled our capabilities across sales, marketing, and delivery to support our pipeline and expected growth, and are well-positioned to capture the opportunity ahead of us.”
During 2020, o9 achieved several significant milestones including:

  • Raising its first-ever external strategic investment from KKR at ‘unicorn’ valuation.
    Expanding its partnership with Deloitte with the announcement of a formal alliance to deliver end-to-end integrated planning and operations capabilities to customers across the world.
  • Announcing technology ecosystem partnerships with High Radius for trade promotion planning and settlement, Operaize for manufacturing scheduling and sequencing, project44for supply chain visibility, FourKites for freight tracking visibility, and Gurobi for state-of-the-art mathematical optimization software.
  • Adding vTradex and Samsung SDS as regional partners to accelerate go-to-market activities in China and South Korea, respectively.
  • Provided both technical and business process implementation certifications to thousands of consultants and experts at all the major system integrators, consulting firms and geographical regions.
  • Significantly expanded the AIM 10x Executive Council with former C-level executives experienced in significant digital transformation across CPG, Retail and Manufacturing industries.
  • Named as Fastest Growing Private Company in America in Inc. 5000 and Deloitte’s Technology Fast 500 lists for the second consecutive year. 

About o9 Solutions, Inc.
o9 Solutions is the premier AI-powered platform for driving digital transformations of integrated planning and operations capabilities. Whether it is driving demand, aligning demand and supply, or managing P&L, any process can be made faster and smarter with o9’s AI-powered digital solutions. Bringing together technology innovations—such as graph-based enterprise modelling, big data analytics, advanced algorithms for scenario planning, collaborative portals, easy-to-use interfaces and cloud-based delivery—into one platform. For more information, please visit o9solutions.com.

 

Submit your logistics, material handling, or supply chain related company news in Supply Chain Quarterly's's Industry Press Room section or New Products section
  • Related Articles

    3D Hubs appoints former Unilever VP, Sarah Newbitt, to board as company doubles revenue despite pand

    Cimcorp to Showcase its Comprehensive Range of Order Fulfillment Solutions at MODEX 2020

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • Forecasts call for freight rate slumps in 2023

  • Projected U.S. recession in early 2023 will soften freight market

  • Inflation drops again as interest rate hikes hit home, NRF says

  • How to avoid the next crisis: A new approach to supply chain agility

  • Five levers to build a resilient supply chain

Featured Video

20221107korber large vs

Enhancing Customer Experience with Your Supply Chain Strategy

Viewer Contributed
With the rise of e-commerce, many businesses have had to transform their warehouses to handle online orders in addition to regularly scheduled inventory shipments. This means warehouses need more information than ever before to ensure they can meet customers' needs. As a result, companies need to select warehouse...

FEATURED WHITE PAPERS

  • Guide to Pallet Rack Safety

  • 3PLs: Complete Orders Faster with Flexible Automation

  • A shipper's guide to navigating post-pandemic holiday freight

  • THE NEW WAY TO WAREHOUSE: 4 Innovations in Automation & Robotics to Boost Warehouse Productivity

View More

Subscribe to Supply Chain Quarterly

Get Your Subscription
  • SUBSCRIBE
  • E-NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2023. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing