Planview, the leading platform for Strategic Portfolio Management (SPM) and Digital Product Development (DPD), announced today record Annual Recurring Revenue (ARR) and billings growth in FY2023, continuing a trend of strong momentum and growth. Planview surpassed $400 million in total Annual Recurring Revenue for 2023.
Fiscal Year End Highlights
Planview achieved record levels for the full fiscal year 2023:
- Total ARR surpassed $400 million, with continued strong adoption of Planview solutions
- Recurring Revenue grew over 10% YoY
- Billings grew over 15% YoY
- 257 new logos added as customers
- Strong partner engagement with 126 partner professional services certifications awarded in 2023
Strong New Logo and Customer Momentum
New or notable customers who selected or expanded their footprint with Planview in 2024 include: Apple Bank, Bausch & Lomb, Cisco Systems, Citibank, Colgate-Palmolive, ConocoPhillips, DANONE, Dexcom, Dr. Reddy’s Laboratories, Dyson, Emirates Group, Exact Sciences, Fidelity, Fonterra, Franklin Templeton, GlaxoSmithKline, Ingram Micro, Johnson Controls, Johnson & Johnson, JPMorgan Chase, La Banque Postale, Lam Research, Liberty Mutual Insurance, Lockheed Martin, McKesson, National Grid UK, Novartis, Progressive, Omnicell, Publicis, Qatar National Bank, Regeneron, Schlumberger SIS, Siemens Financial Services, SPX Technologies, Stryker Corporation, Tesco Stores, T-Mobile, TUI InfoTec, University of South Australia, and Vanguard.
Focus on Innovation
Planview’s growth is accelerated by the success of its Digital Product Development, Strategic Portfolio Management, and Professional Services Automation solutions. With a focus on driving business outcomes for customers, key innovation milestones over the past year include:
- Planview Copilot: An advanced generative AI assistant for connected work built on Planview’s unique data foundations from over 4,500 users and $350B of digital transformation spend, Planview Copilot accesses operational insights across Portfolio Management, Value Stream Management, and Agile Planning and Delivery to accelerate insights and action data-driven, strategic decision-making through a conversational interface.
- AI-enabled solutions delivering data-driven visibility to further strengthen the connection between software delivery and business outcomes, including Sentiment Analysis, AI Assistants for summarization, and reporting.
- Enterprise Roadmaps: Interactive and dynamic roadmaps that improve business agility, drive execution, and maximize impact by solving key customer challenges.
- Flow Insights: Real-time views of product value stream capacity, aging of work across planning intervals, and a new Flow Item Analyzer. In addition, the Flow Fabric™ can now be extended to any work tracking system via a new Universal Connector and corresponding developer program.
- Digital Product Insights: A unique capability that accelerates the success rate of digital initiatives by connecting software delivery to critical business objectives and outcomes.
- Planview also made significant investments in UI/UX enhancements for its SPM solutions in 2023.
Leading analyst firms continue to recognize Planview, naming the company a leader in several key reports last year, including:
- April 2023 Gartner® Magic Quadrant™ for Strategic Portfolio Management by Anthony Henderson, Daniel Stang, John Spaeth, Shailesh Muvera, and Woojin Choi. This is the company’s second consecutive year being named a leader in this report, and Planview was positioned furthest for Completeness of Vision.
- September 2023 Gartner® Magic Quadrant™ for Adaptive Project Management and Reporting, by Sarah Davies, Kevin Rose, Sean Bankston. The company was positioned Highest in Ability to Execute and furthest for Completeness of Vision.
- GigaOm® Radar for Value Stream Management.
- IDC MarketScape: Worldwide Value Stream Management and Agile Project and Portfolio Management 2023–2024 Vendor Assessment — Leveraging AI for Dynamic, Agile Value Creation. (Doc #: US49436723, Dec 2023)
- IDC MarketScape: Worldwide Strategic Portfolio Management and IT Project and Portfolio Management 2023–2024 Vendor Assessment — Driving Adaptive Business Optimization with AI and Connected Data. (Doc #: US49436523, Dec 2023)
Planview Scales Operations to Support Global Customer-base
With a continued focus on delivering value and support to a more global customer base and scaling up global operations, the company has made strategic hires in key Sales, Customer Services, and Product Development roles, including Data Science, R&D, Partners/Strategic Alliances, Cybersecurity, Business Applications, Professional Services, Managed Services, and Premium Customer Care. In 2023, Planview opened a new global Capability & Innovation Center (CIC) in Bengaluru, India, to drive continued innovation and growth.
Matt Zilli, formerly Planview Chief Revenue Officer, was promoted to President, Field Operations, overseeing all Sales, Alliances, Customer Success, and Services. Driving additional customer outcomes and coordinated growth globally, Planview has also expanded the scope of regional leaders Mike Haugen (Americas), Vishal Dhawan (APAC), and David Stevens (EMEA), to oversee Sales, Customer Success, and Services in those respective markets.
To learn more about Planview visit: www.planview.com. Follow Planview on LinkedIn, Instagram, Twitter, and Facebook.
ABOUT PLANVIEW
Planview has one mission: to build the future of connected work, from ideas to impact. Planview helps organizations accelerate the achievement of what matters most, supporting our customers from need to speed, from passion to progress, and from overhead to optimization. Our connected platform of solutions underpins the business and digital transformations of more than 4,500 customers globally. Planview empowers enterprises to improve time-to-market and predictability, increase efficiency to unlock capacity, and ensure their most strategic initiatives deliver the desired business outcomes.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240130143059/en/