Economia
Award-Winning Decision Intelligence Firm Quantexa Accelerates Global Momentum, Announces Strong FY24 Business Results
• Quantexa set to achieve £80M in ARR by end of 2024, fueled by the growing Decision Intelligence Market worth *£400BN
• New enterprise customers accounted for a 20% (+) contribution to fiscal year ARR
• Closely coupled enterprise Data and AI strategies see Quantexa's average contract increase 15% in blended ACV in FY24
LONDON and NEW YORK, June 05, 2024 (GLOBE NEWSWIRE) -- Today, Quantexa , a global leader in Decision Intelligence (DI) solutions for the private and public sectors, announced its continued global business momentum and growth highlights from their 2024 fiscal year, dating from April 1 , 2023, to March 31 , 2024. With a focus on helping customers realize the benefits of practical applications of trusted data and AI, the company delivered on its goals of driving sustainable growth through increased platform and solution adoption, geographic, and industry expansion.
Founded in London in 2016, Quantexa now employs more than 700 team members globally across 15 locations. The company completed FY24 with a 40% increase in global Decision Intelligence ARR and a 120% (+) net retention rate.
2024 Fiscal Year Financial Highlights:
2024 Notable Fiscal Year Milestones:
Vishal Marria, Founder and CEO of Quantexa , said: “The acceleration of our efforts to become the world leading provider of decision intelligence technology, and delivering strong, sustainable global growth can be attributed to two things. Our ability to help customers get their data ready for AI, as well as our execution of a series of strategic investments and partnerships. This achievement underscores Quantexa's unwavering commitment to empower our customers to solve some of their toughest challenges across multiple industries in every corner of the globe.”
To learn more about how industry leaders are obtaining a 228% return on investment over 3 years with Quantexa's Decision Intelligence Platform, download the Total Economic Impact (TEI) Study by Forrester .
About Quantexa
Quantexa is a global AI, data and analytics software company pioneering Decision Intelligence to empower organizations to make trusted operational decisions with data in context. Using the latest advancements in AI, Quantexa's Decision Intelligence platform helps organizations uncover hidden risk and new opportunities by unifying siloed data and turning it into the most trusted, reusable resource. It solves major challenges across data management, customer intelligence, KYC, financial crime, risk, fraud, and security, throughout the customer lifecycle.
The Quantexa Decision Intelligence Platform enhances operational performance with over 90% more accuracy and 60 times faster analytical model resolution than traditional approaches. An independently commissioned Forrester TEI study on Quantexa's Decision Intelligence Platform found that customers saw a three-year 228% ROI. Founded in 2016, Quantexa now has more than 700 employees and thousands of platform users working with billions of transactions and data points across the world.
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