Dye & Durham Ltd T.DND

Alternate Symbol(s): DYNDF

Technology Software - Application

Dye & Durham Limited is a Canada-based provider of practice management solutions. The Company offers cloud-based software and technology solutions designed to improve efficiency and increase productivity for legal and business professionals. The Company provides critical workflow software and information services, which clients use to manage their process, information and regulatory requirements. The Company has three geographic segments, being Canada, United Kingdom and Ireland, and Australia. Its solutions include practice management, data insights and due diligence and payment infrastructure. It has operations in Canada, the United Kingdom, Ireland, Australia and South Africa. The Company serves a large customer base of over 60,000 legal firms, financial service institutions and government organizations. Its subsidiaries include Dye & Durham Corporation, Dye & Durham (UK) Limited, Dye & Durham (UK) Holdings Limited, Dye & Durham Australia Pty Limited and GlobalX Information Pty Ltd.

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Dye & Durham Ltd

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Post by Betteryear2on Oct 17, 2024 9:07am

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Post# 36269648

Surpasses $150 Million in Annual Recurring Revenue T.DND

ARR has now surpassed $150 million on an annualized basis, up approximately 40% in just over one year
ARR achievement is a result of strong execution and delivering on go-to-market strategy as ARR tracks towards 50% of total revenue by the end of next fiscal year
Company is well positioned to continue to drive sustainable long-term value for all stakeholders

TORONTO, Oct. 17, 2024 /CNW/ - Dye & Durham Limited ("Dye & Durham" or the "Company") (TSX: DND), one of the world's largest providers of cloud-based legal practice management software, today announced it has surpassed $150 million in annual recurring revenue ("ARR"), a key metric which includes revenues from subscriptions and minimum spend contracts.

Dye & Durham Surpasses $150 Million in Annual Recurring Revenue (newswire.ca)