Altvia Sets All-Time Quarterly Sales Record Driven by Best-in-Class Capital Markets Software, Forecasting 100% Increase in Q4

Press Release (ePRNews.com) - DENVER - Oct 28, 2020 - Altvia, market-leading provider of cloud-based CRM, deal management, investor portal, and lifecycle systems for private capital markets, announces record-breaking Q3 financial results including total revenues, sales bookings, sales efficiency metrics, and upsell / net retention. The company’s achievements were anchored by global private equity and venture firms across a variety of investment strategies and geographies.

The company is experiencing strong growth due to the increased need for firms to translate internal, proprietary, and third-party data into actionable, differentiated business insights. A significantly enhanced LP engagement experience accelerates fundraising workflows and meets investor demands for transparency.

Altvia growth and momentum in Q3 is highlighted below:

– Sales Bookings increased by 2X in Q3 versus 1H 2020

– Subscription recurring revenue up 186% year-over-year

– Net retention reached 108% in Q3

– 25% of global client contracts closed outside of U.S. from Europe 

– Newly generated pipeline up 121% year-over-year

– Enhanced PPM functionality launched to support fundraising 

– Company staff more than doubled driven by Engineering, Operations, and Sales

“I’m pleased with our momentum, and feel supremely confident we will deliver innovation, best-in-class services, and continued hyper-growth,” stated Kevin Kelly, founder and CEO Altvia. He further emphasized, “Our go-to-market function coupled with our cultural mission around JEDI: Justice, Equity, Diversity, Inclusion, is the game-changing company framework for impact and sustainable success.”

About Altvia

Media Contact: Kristin Piccirillo Martin, kristin@altvia.com, 720.350.1518

Source : Altvia