Digizuite expects to accelerate growth in 2022 and sets ARR guidance for the year

January 03, 2022 at 07:41 am EST

3.1.2022 13:40:16 CET | Digizuite A/S | Company Announcement

COMPANY ANNOUNCEMENT 15 - 03-01-2022 MAY NOT BE MADE PUBLIC, DISTRIBUTED OR DISCLOSED IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR TO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN. *The company announcement contains inside information*

The Board of Directors has processed and approved the 2022 budget, which contains growth targets according to the Company's strategy. Following the Board of Directors' approval of the budget, the Company has set an ARR guidance of DKK 40-45M for 2022.

In 2021, Digizuite executed on the company's strategy with significant investments in building the team with more than 25 new hires and continuing to build a strong partner channel. This will help the company accelerate the growth in the coming years and is a strong foundation for the future. Digizuite has at the same time delivered within the set ARR guidance of DKK 32-35M for 2021, with an expected ARR in the lower part of the range. The company is in a stronger position compared to previous years with a strong performance in Marketing. The development has added the necessary growth in the pipeline which give sales the possibility to reach new heights in 2022 and subsequent years.

"We have focused on building the right organization and a strong partner channel in 2021, which is the foundation for Digizuite's growth strategy. All areas have been strengthened with strong profiles and skilled partners – a positive development that we expect to continue in the coming years. The Company's strategy continues to involve risks and uncertainties, but we are pleased to be able to conclude 2021 with a satisfactory development and a strong starting point to deliver even better results in 2022",says CEO Kim Wolters.

Disclosure regulation

This announcement is a translation of the original Danish version.
In case of discrepancies, the Danish version prevails.

Contacts

John Norden, Certified Adviser, Norden CEF A/S, +45 20 72 02 00, jn@nordencef.dk
Kim Wolters, CEO, +45 20 60 97 37, kw@digizuite.com
Oliver Bottelet, CFO, +45 61 69 66 52, ob@digizuite.com
Søren Skovbølling, Chairman of the Board, +45 25 31 07 20, ssk@digizuite.com

About Digizuite A/S

Digizuite is a SaaS company in Digital Asset Management software (DAM) that brings together all digital content in one central platform.

Through automated workflows and agile integrations, Digizuite removes manual workflows and streamlines the entire content value chain.

Customers choose Digizuite to have control over who, where and how corporate materials are used. It ensures brand control, risk reduction and helps to increase efficiency and revenue.
Digizuite is a global growth company and has realized 600% growth in ARR between 2017 and 2020. Today, the company has more than 65 employees between its headquarters in Denmark and its subsidiaries in the United States, United Kingdom, Norway, and Ukraine.

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Digizuite expects to accelerate growth in 2022 and sets ARR guidance for the year

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