DecideAct increased annual recurring revenue (ARR) by 145% in 2021

DecideAct A/S [ACT]

Company Announcement No. 01-2022:

This press release constitutes inside information that DecideAct A/S is obliged to make public pursuant to the EU Market Abuse Regulation 596/2014. The information was sent for publication, through the agency of the contact persons set out below, at the time stated by the Company's news distributor, Cision, at the publication of this press release.

With an ARR of DKK 8,74 million at the end of 2021, DecideAct has increased its annual recurring revenue by 145% since the IPO in December 2020. During 2021, DecideAct has managed to build traction in several countries and verticals. In addition, DecideAct has continued to maintain and build strong individual client relationships (churn rate has been zero in 2021) and the sales pipeline is significant.

CEO and Co-founder of DecideAct, Flemming Videriksen, states: “The results in our first year as a listed company serve as humble evidence that we can deliver on our objectives and that there are customers in new markets and industries who want to buy our solution. We entered 2021 as a newly listed company with very little commercial footprint predominantly in Iceland, with a first-generation product, but also with an ambitious plan supported by a strong team. The pandemic made it a somewhat difficult and uncertain start. This makes me and the team extra proud that we have taken a quantum leap forward. We have positioned DecideAct as a more established company with an attractive global SaaS-solution and continued growth in ARR. All in all, we are very well in line with our long-term growth strategy.”

In 2021 DecideAct has among other things managed to:

• enter three new markets (Denmark, France and Canada)
• establish several new verticals (Utility, Insurance, Public Municipality, Energy Optimization, Education, Aviation and Pharma Engineering)
• build a bigger and stronger team
• enhance our product and launch new elements such as ESG
• launch our new Customer Success Department
• establish several sales and implementation partners
• strengthen our financials and streamline our operations

We enter 2022 in a good position for further scaling, and we are in the process of recruiting more talented people to help us realize our vision of becoming a dominant player in our category.

DecideAct will publish its 2021 annual report on 19 March 2022.