Unit4 has announced a strong set of results for Q1 ending 31 March 2021, boosted by the launch of its next-generation ERPx solution and strategic growth investment by TA Associates of more than $2bn.
In Q1 2021, Unit4’s cloud subscription revenue increased 28% year-on-year, with an 18% rise in total bookings growth.
The company achieved 204% growth on the value of contracts via partners and signed 12 new partners, including Deel Advanced Consulting, ERP Associates, Pecen Consulting Solutions and Levio Conseils Inc. Kardinya Partners, Paradime Solutions, PREACT, GCC, Rinedata, Counterpart, and WIN-Consultancy.
Unit4 announced general availability of ERPx in April, and since Q4 2020, has already signed 24 new ERPx customers including Americares, Municipality of Alkmaar, Places for People, Social Work England, North West Leicestershire District Council, The Charity Commission and Basingstoke and Deane Borough Council.
Gordon Stuart, Unit4 CFO, said: “As businesses continue to ride out the uncertainties of the last year, we are seeing demand for people-centric technology that can help to support their growth aspirations and help them thrive as the market begins to regain its momentum. Ensuring that our customers find the best path back to growth and success is of paramount importance. With new investment and an industry leading cloud platform, Unit4 can support them on that journey as never before.”