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Quadient: software ARR exceeds 200 million euros

( - Quadient has announced that, at the end of its third accounting quarter, it had exceeded 202 million euros in annual recurring revenue base (ARR) for its software business, an important indicator it believes reflects future subscription-related revenues.

'ARR growth has accelerated since 2019 following the change in software business model from licensing to SaaS (software as a service), which has resulted in ARR almost doubling in less than four years', it points out.

At the end of the third quarter, Quadient's software offering posted strong annualized organic growth in ARR, at 13.4%, 'demonstrating its ability to consistently outperform the major players in the SaaS market'.

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