o9 Solutions, a leading provider of enterprise AI software platforms for transforming planning and decision-making, announced today that it has been named a Leader in Gartner's Magic Quadrant for Supply Chain Planning Solutions for 2022.
When comparing the year 2021 to 2020, o9 reported a more than threefold increase in annual recurring revenue (ARR) from new clients. Furthermore, in Q4'21, the number of existing clients who expanded their o9 deployments more than tripled year over year, demonstrating the significant and rapid value delivered by o9's innovative AI-powered platform. Leading companies in retail, consumer goods and industrial manufacturing, high-tech and semiconductor, life sciences, automotive, telecom, and oil and gas use o9's cloud-native, single code-based Digital Brain platform today, demonstrating its broad applicability. The company has expanded its geographic reach as a result of new client acquisitions, opening offices in Australia, Brazil, China, Germany, Korea, and New Zealand. This expansion propelled the company to the top of several influential business lists in the year 2021, including the Inc. 5000, the Deloitte Technology Fast 500, and the Financial Times - Americas' Fastest Growing Companies. The World Economic Forum (WEF) also awarded o9 the New Champions Award (2021) for Excellence in Innovation, recognizing a community of dynamic, high-growth companies that usher in new business models, emerging technologies, and long-term growth strategies.
Chakri Gottemukkala , the Co-founder and CEO of o9 Solutions said, "As demand and supply complexity and volatility continue to escalate, executives at many of the world's largest enterprises are increasingly turning to o9's future-proof, AI-powered Digital Brain platform to transform their supply chain, commercial and integrated business planning capabilities,". He added, "Our achievements over the past year speak to o9's commitment to delivering the most value possible to our clients and our firm belief that optimized supply chain planning positively impacts both P&Ls and the planet."
The market is intrigued by the o9 Digital Brain platform's ability to drive innovation in core supply chain functions and transform end-to-end planning and decision-making. General Atlantic, its BeyondNetZero climate investing venture, Generation Investment Management, and KKR invested $295 million in o9 in January 2022. This latest round of funding is due to o9's unique ability to assist organizations in transforming their expensive, complex, and their resource-intensive supply chains into good profitable and environmentally sustainable or sound models. The company is now valued at a whooping $2.7 billion, up from $1 billion in April 2020. The investment will be used to drive continued innovation in R&D across all core integrated business planning functions, including revenue growth management, financial planning, procurement, and ESG, using o9's patented Enterprise Knowledge Graph technology. o9 also innovates through industry knowledge models, partner ecosystem development, and global go-to-market strategies.
About o9 Solutions
o9 Solutions is a market-leading AI-powered platform for enterprise-wide integrated business planning and decision-making. With o9's AI-powered digital solutions, any planning process can be made faster and smarter, whether it's driving demand, aligning demand and supply, or optimizing commercial initiatives. Combining technological innovations such as graph-based enterprise modeling, big data analytics, advanced scenario-planning algorithms, collaborative portals, user-friendly interfaces, and cloud-based delivery into a single platform.
