Vena Starts FY25 With Strong Growth, Continued Innovation and Industry Recognition
September 12 2024 - 6:00AM
Business Wire
Vena’s expanding customer base and impactful
product launches highlight continued commitment to industry
leadership and customer success.
Vena, the only Complete Planning platform purpose-built to
harness the full power of Microsoft 365, today announced a strong
half to its fiscal year 2025, marked by significant growth,
strategic customer acquisitions and continued innovation. Building
on the success of FY24, Vena continues to solidify its leadership
position in the Corporate Performance Management (CPM)
industry.
“Vena’s momentum and industry recognition showcase the
extraordinary talent and commitment of our Vena team, along with
the trust our customers continue to place in us,” said Hunter
Madeley, CEO of Vena. “The milestones we’ve hit in the first half
of FY25 are just the start. We’re on a mission to empower even more
businesses with the innovative tools they need to plan for the
future with confidence.”
Highlights from FY25 H1 include:
- Growth Milestone: Vena achieved a significant milestone
by surpassing $100 million USD in annual recurring revenue (ARR),
earning the prestigious Centaur status.
- Product Innovation: Earlier this year, Vena launched
Vena Copilot for FP&A, a complete planning AI assistant
purpose-built for FP&A teams with Microsoft Azure’s generative
AI technology. Vena Copilot is now available in North America, the
U.K. and EMEA. Additionally, Vena launched Vena for Microsoft
PowerPoint, the only planning product in the market that allows
users to interact, align and collaborate on their financial and
operational data directly from within PowerPoint. These tools are
significantly changing the planning capabilities of finance and
operations teams across the globe.
- Industry Recognition: Vena earned multiple accolades,
securing top positions in various analyst reports for product
innovation, capabilities and customer satisfaction. These include
being recognized for 11 consecutive years as a CPM industry leader
by Nucleus Research, five Top Rated awards from TrustRadius,
leadership recognition in IDC MarketScape's 2024 report and being
honored with the TrustRadius Tech Cares Award for the fifth
consecutive year.
- Partner and Customer Success: Vena hosted its inaugural
Venny Awards, celebrating the achievements of its customers who
have made significant strides in elevating finance and operations
using Vena’s platform. Vena also launched its third preconfigured
(PCS) solution in-market, "Vena for Senior Living" by Delbridge
Solutions, further expanding its industry-specific solutions
portfolio.
- Additionally, Vena welcomed 10 new Partners:
- Admiral Consulting Group
- Centri Business Consulting
- Clearview Group Partner
- ImpactIT Business Solutions
- Miracle Enterprise Solutions Inc.
- Monte Carlos Consulting
- Northix Solutions Ltd.
- Shortlist Match
- Taxvibes
- Zenith Global Solutions
- Growing and Engaged Community: The company expanded Vena
Academy, offering free CPE/CPD online courses in technical and
non-technical training in Microsoft 365+, FP&A mastery and Vena
Complete Planning. In this last year alone, 5,419+ credits were
issued through Vena Academy and the Vena Customer Training Team.
The company also brought together finance and operations
professionals and business leaders from around the world to
Excelerate Finance 2024, its annual conference, which featured a
sold-out in-person audience and garnered over ten thousand YouTube
live views. Additionally, Vena marked a milestone by recording the
50th episode of its podcast, The CFO Show, solidifying its role as
a hub for thought leadership and industry insights.
- Strategic Expansion: Vena expanded its global presence
by opening a new office in India, a key achievement in the
company’s continuous growth journey with the addition of a team
that will accelerate the rollout of its full product roadmap,
including generative AI features for FP&A teams.
- Leadership Development: Vena continues to strengthen its
leadership team, with the promotion of Le Huong Truong to Chief
Legal Officer, underscoring the company’s focus on nurturing top
talent and driving strategic growth. Furthermore, Burzin
Contractor's promotion to SVP, FP&A and Operations was a
strategic move designed to unify the operations function with
finance, positioning Vena to streamline its FP&A capabilities
and extend the strategic influence of this core function.
Looking ahead, Vena remains committed to continuing to deliver
value to its customers through ongoing innovation and strategic
partnerships. In line with this, Excelerate Finance 2025 will focus
on community building, transforming the office of finance and
empowering both FP&A professionals and the broader finance
community to connect and shape the future of finance together.
“Seeing how our Complete Planning platform helps our customers
achieve great things and witnessing the real impact we’re making
together is incredibly rewarding. We’re committed to supporting our
community of finance and operations professionals and their success
is what drives us forward,” added Madeley.
About Vena Vena is the only Complete Planning platform
purpose-built to harness the full power of the Microsoft technology
ecosystem for FP&A teams and their collaborators. Vena
amplifies Microsoft's world-leading productivity tools, cloud
technology and AI innovation to make FP&A, operational planning
and adjacent strategic processes more flexible, efficient and
intelligent. Thousands of the world’s leading companies rely on
Vena to power their planning. For more information, visit
venasolutions.com.
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