I am pleased to report on a year of significant growth in customers and market reach for the Group, underpinned by high customer retention and ongoing product innovation.
We have started the new year with strong momentum in new customer acquisitions coupled with increasing contract values, reflecting a wider return to pre-pandemic buying behaviour as customers renew focus on investment in IT projects. In addition, we are seeing the value of our complementary product portfolio coming to the fore, with additional product capabilities beyond our core PAM product emerging as standalone solutions, in addition to the upselling and cross-selling potential they offer.
Looking ahead, the market for Privileged Security remains as promising as ever. With the growing prominence of the Group’s complementary product proposition, coupled with increasing momentum across bookings values and pipeline, and supported by a high base of customer renewals, the Board looks ahead to the rest of 2022 and beyond with increasing confidence
CO-FOUNDER AND CHIEF EXECUTIVE OFFICER