ON24 Approaches $100M In ARR After Record Year
- Written by Elise Schoening
- Published in Financial News
Source: ON24
ON24, a webinar marketing software provider, announced a record year of growth, with sales for its flagship product, Webcast Elite, increasing in ARR by 33%.
Sales for the company’s newer products, ON24 Engagement Hub and ON24 Target, grew by more than 60%. In addition, ON24 said it has amassed more than 2,000 customers and is quickly approaching $100M in ARR.
“As marketers continue to be more accountable for revenue and own a larger part of the sales funnel, we’re seeing tremendous demand for our industry-leading platform,” said Sharat Sharan, Founder and CEO of ON24, in a statement. “ON24 is one of the rare platforms that can truly help marketers turn engagement into data and revenue — which is vital in today’s digital marketing landscape.”