Dallas Tech Unicorn O9 Solutions Reports Explosive Growth Last Year As It Plans Global Expansion In 2021

Dallas Tech Unicorn O9 Solutions Reports Explosive Growth Last Year As It Plans Global Expansion In 2021

Dallas-based o9 Solutions boasts that it more than doubled its annual recurring revenue and nearly doubled its workforce in 2020 – a year that saw the company join the ranks of North Texas unicorn startups.

Six years after launching its first cloud-native software, o9 solutions are now valued at over $ 1 billion and growing rapidly. In late April 2020, the company announced a $ 100 million investment from private equity firm KKR that elevated the startup to unicorn status.

o9 has now reported increasing its workforce by 83% for the year, bringing its total number of employees to 830. The software startup has also maintained a “robust” cash position, he said.

It did not disclose its 2020 revenue. The company reported 2019 revenue of $ 55 million in the Dallas Business Journal’s Middle Market 50 ranking.

This year, the company plans to invest in global growth in China, Latin America and Southeast Asia.

“Our continued growth is a real testament…

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