ControlUp Achieves Record Growth and Strategic Expansion in 2024
Deal News | Jan 13, 2025 | Globenewswire
ControlUp, a leader in Digital Employee Experience (DEX) management, reported exceptional growth and strategic developments in 2024. The company's annual recurring revenue (ARR) saw a double-digit increase, with a notable 629% surge in the sales pipeline. This growth was fueled by the introduction of the ControlUp ONE platform, securing 38% of net new ARR, and a significant expansion in channel partner contributions. ControlUp has further established its leadership in the DEX market through the formation of ControlUp LABS. In addition, significant advancements were made in product offerings, including Secure DX and new assessment tools for Windows 11 readiness. The company's strategic acquisition of the Israeli firm Takoto enhances its automation capabilities. ControlUp's achievements were also marked by increased ARR, expansion in customer base, and enhanced product and partner developments. Furthermore, ControlUp's innovative approaches were acknowledged with awards such as being named a leader in the Gartner Magic Quadrant and securing a spot on the Inc. 5000 list.
Sectors
- Technology Services
- Software Development
Geography
- United States – ControlUp is headquartered in San Francisco, making the United States a primary geography of relevance for the company's operations and growth strategies.
- Israel – The acquisition of the Israeli company Takoto indicates ControlUp's significant operations and strategic interests in Israel.
Industry
- Technology Services – ControlUp operates within the technology sector, particularly focusing on Digital Employee Experience management solutions, which involve monitoring and improving end-user computing experiences.
- Software Development – ControlUp's core business involves developing software solutions, like the ControlUp ONE platform, to optimize and secure endpoint devices, making software development a key industry classification.
Financials
- $4.5M – The largest deal in ControlUp's history, closed in Q4 2024.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| ControlUp | Target Company | Company | A company specializing in Digital Employee Experience management, focused on growth and innovation in 2024. |
| Jed Ayres | CEO | People | Chief Executive Officer of ControlUp, leading the company's strategic growth and innovation efforts. |
| Asaf Ganot | Executive Chairman, Co-founder | People | Co-founder and Executive Chairman of ControlUp, responsible for overseeing strategic acquisitions and furthering innovation. |
| Takoto | Acquired Company | Company | An Israeli company whose acquisition by ControlUp expands automation capabilities. |