Company behind the BrandComply Licensing Enterprise System reveals 50% annual recurring revenue growth compared to 2019.
Octane5 – the company behind the BrandComply Licensing Enterprise System – has revealed 50% annual recurring revenue growth compared t0 2019, as well as introducing significant new product enhancements this year.
“We are gratified by the market recognition of the work our team is doing,” noted Jim Kucia, evp business development at Octane5. “Our growth is a direct result of our relentless focus on key deliverables – advancing technology, taking care of our clients and supporting the licensing industry.”
In spite of the challenges wrought by the global pandemic, 2020 also saw Octane5 launch a new Reporting module, upgrade Royalty Reporting and Forecasting, plus physical sample management enhancements.
Matt Dunn, cto and co-founder, explained: “Remote work played a huge role in our 2020 enhancements. Many of these were planned long before the impact of COVID-19, but the need to accommodate our clients’ new work patterns expedited those plans. More than ever, our clients can benefit from better functionality, better management tools and even better actionable data.”
Mike Dunn, cmo and co-founder, continued: “Licensing is a complex business, you have to understand the true needs of the market and translate those into the best tools and services. It’s not something you can learn in a year or two. Matt and I have been doing this for 25 years each and we continue to learn from our clients and prospective clients.
“We’ve also built a team of licensing industry leaders who joined us from some of the world’s most iconic brands, further growing our expertise and ability to support the market.”
Mike concluded: “On behalf of our entire team, I’d like to thank all our clients for their support in 2020. We all faced challenges, but the support of our clients has been incredible. We are proud to be a trusted partner to so many iconic brands and we work to earn that trust daily.”
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