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Unit4 reports record cloud growth

Unit4, a specialist in enterprise cloud applications for ERP and HCM, primarily to mid-market service sector organisations, has reported a strong Q4 with record customer wins. Total bookings hit 14% yr/yr growth and cloud bookings saw 20% yr/yr growth. Cloud subscription revenue grew 25% in 2019 to $92.2m (€83.6m), with 27% growth in Q4. Total revenue increased by 5% to $412.8m[1] (€372.2m). Unit4 saw the strongest order growth in the Professional Services vertical market globally, and significant growth in North America and Nordics markets.

In the last year the company has undergone significant change following the appointment of Mike Ettling as CEO in April 2019. This includes the appointments of James Shand (ex SuccessFactors) as Global Head of Cloud Transformation, Chris Richards (ex Workday) as UK and Ireland Regional President, Andrew (Andy) Brockhoff (ex SuccessFactors) as North America President, Billy O’Riordan (ex AppDynamics) as Senior Vice President, Professional Services, and Beata Wright (ex Ultimate Software) as EVP/Global Head of Partner Ecosystems. Unit4 also completed the acquisition of Intuo, a fast-growing provider of engagement and talent enablement solutions. It was named a ‘Hot Company to Watch in 2020’ by Nucleus Research.