We’re pleased to share that Circonus saw record sales for the quarter ending June 30, 2021 and substantial year-over-year growth in annual recurring revenue (ARR). We’re experiencing significant momentum in 2021 as more organizations look to consolidate monitoring solutions, unify observability metrics across the stack, and manage a significantly greater volume of telemetry data.
Highlights of Circonus’ performance include:
- All-time record sales in Q2 – eclipsing the previous record set in Q2 2020
- 100% year-over-year growth in ARR
- Major wins with clients such as Redfin and Electronic Arts
- Strong renewal and expansion performance with 175% net revenue retention over the prior 12 months
- Strong bookings backlog with consistent multi-year contracts
With digital transformation initiatives accelerating, we’re seeing increased demand across multiple industries. Many companies turning to the Circonus platform are looking for more scale, more accuracy, faster resolution time, better data correlation, and the ability to dynamically calculate SLOs. They are either replacing legacy monitoring solutions and open-source tooling or consolidating multiple solutions in an effort to centralize all monitoring within one platform while reducing annual monitoring costs.
Says Bob Moul, CEO at Circonus, “ Our clients and prospects come to us because they are looking to simplify their lives, reduce cost and complexity, and implement a monitoring solution that ‘just works’ at scale. “The reality is that today’s complex IT environments have placed greater strains on monitoring teams, and legacy, disparate monitoring tools create silos of data, afford no single-source of truth, and collapse as data volumes grow. Circonus’ ability to collect highly granular telemetry data at infinite scale in combination with its advanced analytics tools and reliability make it the most powerful monitoring platform available and uniquely equipped to handle the evolving requirements of engineers responsible for delivering the highest quality of service to end users and customers.”
Circonus gives organizations the ability to monitor all their infrastructure, network, applications, cloud, and containers in one unified platform, giving them better visibility, faster troubleshooting, and the ability to correlate insights across systems and business units.
Read the full press release announcing Circonus’ growth.
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