{"id":50566,"date":"2022-02-03T14:29:57","date_gmt":"2022-02-03T14:29:57","guid":{"rendered":"https:\/\/pr.asianetpakistan.com\/?p=86409"},"modified":"2022-02-03T14:29:57","modified_gmt":"2022-02-03T14:29:57","slug":"floqast-celebrates-2021-as-landmark-year-for-company-growth","status":"publish","type":"post","link":"https:\/\/dailysouthafrica.com\/floqast-celebrates-2021-as-landmark-year-for-company-growth\/","title":{"rendered":"FloQast Celebrates 2021 as Landmark Year for Company Growth"},"content":{"rendered":"
LOS ANGELES, Feb. 03, 2022 (GLOBE NEWSWIRE) — FloQast<\/u><\/a>, a provider of accounting workflow automation software created by accountants for accountants, today announced its Q4 and 2021 metrics, concluding a milestone year highlighted by international expansion, new product and company initiatives, industry accolades, and the biggest growth the company has seen since its launch. The company reported 97% year-over-year growth in annual recurring revenue (ARR) for the quarter, as well as 153% year-over-year growth in net new ARR for 2021. Further, with more than 1,500 customers globally, FloQast added 171 new customers in Q4. These milestones stem from the recent $110 million Series D funding, led by Meritech Capital, and further the company\u2019s leadership role in workflow automation technology.<\/p>\n \u201cThis past year, FloQast experienced exceptional growth across the board \u2013 including funding, product and platform launches, customer acquisition and more \u2013 making this one of the most important and successful years for the company since we were founded,\u201d says Mike Whitmire, inactive CPA, co-founder and CEO at FloQast. \u201cThis growth is a testament to the critical advances taking root across the accounting industry and highlights FloQast\u2019s ability to deliver next-generation technology to usher in a new era of modernization and change.\u201d<\/p>\n Over the course of 2021, FloQast experienced milestones in several key areas:<\/p>\n This growth and momentum is made possible by FloQast\u2019s community of employees who are committed to making accountants and financial leaders\u2019 lives easier and more productive. Despite the challenges faced over the past two years during the pandemic, the company continues to excel in its performance, a credit to the team’s commitment to customer service and excellence in pursuit of FloQast’s overarching vision.<\/p>\n\n
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