Collabco passes £2 million ARR after record financial year
27/04/2021
Collabco finishes the 20/21 financial year in an extremely strong position despite the pandemic and tough sector challenges
We are pleased to share news of a successful finish to the financial year and our best performance to date, despite the ongoing impact of the Covid-19 pandemic and tough education sector challenges.
Our Annual Recurring Revenue (ARR) has surpassed £2 million and turnover has reached £2.2 million. As well as financial successes, our employee numbers have increased by 20% since the start of the 2020 – 2021 financial year.
We have made investments in new team members across the business; in sales and marketing as well as in product development and customer success. There are exciting plans to continue to grow the team by a further 30% across the company by the end of March 2022.
We are also delighted to welcome further new customers across the globe; in the US, New Zealand, and Germany.
“That we have finished the financial year as strongly as we have is testament to the incredible Collabco team and our amazing product, myday. We are pleased to have welcomed new employees to grow and support our international customer base.” Comments Andrew Taylor, CEO of Collabco.
