Signiant Inc has announced business growth in 2018 with new highs for key SaaS metrics. The growth was fuelled by expansion of the company’s SaaS platform to support a broader array of use-cases for any sized media organisation, a massive media footprint that is creating a powerful network-effect, and an industry that continues to evolve to larger file sizes, more complex workflows and greater demand for enterprise-grade security.
Key growth metrics for Signiant in 2018 included a 46% year-over-year SaaS total bookings growth (annual contract value), 22% year-over-year total bookings growth (annual contract value), 71% year-over-year new and expansion SaaS bookings growth (annual contract value), 90+% gross renewal rates for its SaaS products, 110% net renewal rates for SaaS, 100+% growth across users and endpoints across its SaaS platform surpassing the 400,000 mark.
“Our success was driven by the central role that Signiant solutions play in our customers’ businesses, connecting their content supply chain. Media companies of all sizes have embraced our SaaS platform and that has paved the way for Signiant to expand beyond fast file transfers to become a trusted network that is connecting the global media industry,” said Margaret Craig, CEO, Signiant. With more than 400,000 endpoints and systems connected, Signiant’s SaaS platform now reaches every corner of the media world to provide fast, seamless and secure access to any content, anywhere in the world.