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Dye & Durham Surpasses $100M Annual Recurring Revenue, Poised for Future Growth

July 18, 2023 by Newsdesk

Dye & Durham Limited, a leading provider of cloud-based legal practice management software, announced today that it has achieved a significant milestone by surpassing $100 million in annual recurring revenue (ARR). This achievement positions the company strongly for future growth.

The ARR milestone was reached this week, reflecting an impressive increase of $33 million since March. The growth can be attributed to high demand for Dye & Durham’s software products, new sales initiatives, and recent acquisitions in the legal practice management market.

Dye & Durham aims to drive ARR to over 50% of total revenue by the end of fiscal 2026 while maintaining annual adjusted EBITDA growth of 20-25%. According to CEO Matthew Proud, this accomplishment showcases the team’s dedication and paves the way for continued momentum.

Want to know more? Check out the source code on Fintech.ca.

Filed Under: News Tagged With: Dye & Durham

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