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Nexthink "Smashes" Growth Projections
This week, Nexthink reported its 2021 results and said that it saw 42% year-over-year growth in annual recurring revenue globally. It also said that it now has 15 million endpoints. under management.
The company attributes its growth to a growing recognition that organizations must "understand digital employee experience at the device and application level, including increased demand for tools that allow for better visibility across work-from-anywhere environments."
“Hybrid work, SaaS applications adoption and cloud computing are creating a new reality for IT teams,” said Pedro Bados, CEO and co-founder of Nexthink said in the company's press release. “Traditional infrastructure monitoring and application monitoring are no longer enough. IT teams need to understand what employees are facing across any application or service whether they are working at home, in the office or in between. The growth that we are currently experiencing demonstrates the unprecedented demand for these types of insights, which will remain a crucial component for business success moving forward.”
The company also noted that it signed over 160 new customers in 2021 and achieved a Net Promoter Score (NPS) of 56.