BlueCat achieves record growth in 2020, the strongest year to date for the Adaptive DNS™ Company
The organization has also appointed two new executives amidst a period of immense growth, fueled by accelerated adoption of hybrid cloud.
Key takeawaysThis key takeaway was generated through LLMs crawling the page and coming up with an overview of the content.BlueCat reported strong fiscal 2021 results for the year ending March 31, 2021, including double-digit ARR growth, more than quadrupling new customer signings, and significant increases in cloud subscription revenue and bookings. The company released multiple products to support hybrid cloud adoption — notably the Integrity release and Adaptive Applications such as BlueCat Cloud Discovery & Visibility across major public clouds — and maintained high customer satisfaction with an NPS of 80. BlueCat also announced two senior hires, Sujeet Kini as CFO and Martin McNealis as Chief Product Officer, to accelerate innovation and address hybrid cloud complexity for large organizations.
What were the key financial performance highlights for BlueCat in the fiscal year ending March 31, 2021?
For the fiscal year ending March 31, 2021, BlueCat achieved double-digit annual recurring revenue (ARR) growth compared to the prior year and extended its ARR growth streak to 28 consecutive quarters. The company signed more than four times the number of new customers versus the previous year, expanded subscription revenue for its cloud-based DNS resolver by over 40%, and doubled annual bookings across its cloud and automation portfolios. These metrics reflect strong customer adoption of BlueCat’s cloud and automation offerings during that fiscal year.
What product and customer experience developments did BlueCat announce to support hybrid cloud adoption?
BlueCat introduced multiple product releases aimed at helping customers embrace hybrid cloud, including the Integrity release and new Adaptive Applications. A highlighted Adaptive Application, BlueCat Cloud Discovery & Visibility, was made available for all major public clouds to improve visibility and management in hybrid environments. The company also reported an industry-leading Net Promoter Score of 80, signaling high customer satisfaction alongside these product enhancements.
Who are the new executive appointments at BlueCat and what experience do they bring?
BlueCat appointed Sujeet Kini as Chief Financial Officer and Martin McNealis as Chief Product Officer. Sujeet Kini brings over 20 years of financial leadership, with experience in capital markets, strategic acquisitions, and global roles at both private and public companies; he joins from Shareworks by Morgan Stanley and previously served in CFO and Chief Accounting Officer roles at Hootsuite and OpenText. Martin McNealis contributes more than two decades in product management and engineering leadership across networking, cloud, and security, with recent roles as Chief Product Officer at Acronis and prior leadership positions at F5 Networks, Arista, Brocade, and Cisco.
TORONTO, May 11, 2021 (GLOBE NEWSWIRE) — BlueCat, the Adaptive DNS™ company, today announced impressive financial results for its most recent fiscal year ending March 31, 2021, and the appointment of two tenured executives to its leadership team.
For the fiscal year ending March 31, 2021, BlueCat:
- Experienced double-digit annual recurring revenue (ARR) growth over the last fiscal year, extending the company’s record of ARR growth to 28 consecutive quarters
- Signed more than four times the number of new customers compared to the year prior
- Grew subscription revenue for its cloud-based DNS resolver by more than 40% and doubled annual bookings across all of its cloud and automation portfolios
- Earned an industry-leading Net Promoter Score® (NPS®) of 80, continuing the company’s track record for excellent customer satisfaction
- Was named a Best Workplace in Canada™ for the fifth year in a row
- Introduced multiple product releases meant to help customers embrace hybrid cloud, including its most recent Integrity release and new Adaptive Applications such as BlueCat Cloud Discovery & Visibility, which is now available for all major public clouds.
Alongside this success comes the appointment of two new executives: Sujeet Kini as Chief Financial Officer, and Martin McNealis as Chief Product Officer.
“Sujeet and Martin’s global experience, combined with their deep knowledge of our industry, make them a natural fit to help our organization accelerate innovation in key areas, like helping our customers address the crippling complexity created by hybrid cloud,” says Stephen Devito, CEO at BlueCat.
Kini has overall responsibility for the finance, legal, and IT functions at BlueCat. He brings over 20 years of financial leadership experience to the organization, having worked in capital markets, strategic acquisitions, and in a global environment at both private and publicly traded companies. Kini joins BlueCat from Shareworks by Morgan Stanley where he was Chief Financial Officer. Prior to that, he held Chief Financial Officer and Chief Accounting Officer positions at Hootsuite and OpenText, respectively.
McNealis also brings more than two decades of leadership experience in product management and engineering leadership to BlueCat. Having worked in the networking, cloud, and security industries, McNealis was most recently Chief Product Officer at Acronis. Prior to that, he held leadership roles with F5 Networks, Arista, Brocade, and Cisco.
About BlueCat
BlueCat is the Adaptive DNS™ company. The company’s mission is to help the world’s largest organizations thrive on network complexity, from the edge to the core. To do this, BlueCat re-imagined DNS. The result – Adaptive DNS™ – is a dynamic, open, secure, scalable, and automated resource that supports the most challenging digital transformation initiatives, like adoption of hybrid cloud and rapid application development. Learn more at www.bluecatv2.local.
Contact:
Dana Iskoldski
Corporate Communications Manager
[email protected]
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