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EfficientIP Announces Strong 2024 Performance with Remarkable Growth and Strategic Milestones

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January 15, 2025 |

Efficientip Announcement

La Garenne-Colombes, FRANCE โ€“ January 15, 2025 โ€“ EfficientIP, a leader in network automation and security solutions, specializing in DNS-DHCP-IPAM (DDI), announces its outstanding performance in 2024, marking a transformative year for the company.

EfficientIP achieved a remarkable 24% annual recurring revenue growth for 2024 fiscal year (ARR), underscoring the value of its solutions in helping organizations modernize their network infrastructures to simplify and secure their cloud adoption journey.

This strong business performance highlights the company’s successful execution of its vision and transformative strategy, reflected in key achievements:

  • Profitability Milestone: EfficientIP has become EBITDA positive and is now profitable, reflecting its disciplined approach to operational efficiency and strategic investments.
  • Significant Free Cash Flow (FCF): The company generated a substantial amount of free cash flow from operations, reinforcing its financial stability and capacity for future growth.
  • Subscription Transformation Success: The company successfully transitioned to a subscription-based business model, achieving 43.6% subscription revenue growth following the first cycle of 3-year contract renewals. This milestone has driven predictable revenue streams and strengthened customer relationships.
  • North America as the Leading Market: North America has emerged as EfficientIPโ€™s largest market, accounting for nearly 30% of the companyโ€™s global business. This milestone highlights the growing adoption of EfficientIPโ€™s solutions across key industries in the region.
  • Customer Growth: EfficientIP gained almost 200 new customers in 2024, with a very large majority coming from displacements of direct competitors, further demonstrating the superior value of its solutions.

โ€œ2024 has been a transformative year for EfficientIP, marked by exceptional growth and strategic milestones,โ€ said Norman Girard, CEO of EfficientIP. โ€œOur shift to a subscription model, combined with our focus on innovation and customer-centric solutions, has positioned us for long-term success. The significant growth in North America further demonstrates our ability to meet the evolving needs of businesses worldwide,โ€.

The business growth has been driven by a strong adoption of EfficientIP’s analyst-recognized DDI technologies to modernize network infrastructures, laying the foundations for advanced automation, observability and security that cloud transformation projects require. โ€œIn an era where digital transformation is reshaping industries, DDI technologies have become indispensableโ€ said Norman Girard. โ€œFlexibility, performance and cost-effectiveness have been key differentiating factors of our solutions, particularly in numerous projects where we have displaced competitors, offering more advanced features while reducing the total cost of ownership (TCO)โ€.ย 

Another significant factor in EfficientIPโ€™s success in 2024 has been the strong development of its channel business partners. These partners have played a crucial role in supporting EfficientIPโ€™s business activities and ensuring customer satisfaction. The company has continued to build and strengthen its relationships with its channel partners, enabling them to deliver efficient, high-quality implementation and support services to customers worldwide.

People and talent management programs implemented in 2024 have been instrumental in fostering a culture of excellence within EfficientIP, providing competitive compensation and benefits packages, and offering comprehensive training and development programs. The company is particularly focused on expanding its team in North America to support continued growth and innovation.

About EfficientIP 

EfficientIP is a network automation and security company, specializing in DNS-DHCP-IPAM solutions (DDI), with the goal of helping organizations worldwide drive business efficiency through agile, secure and reliable infrastructure foundations. Integrated solutions enable IP communication and simplify network management with end-to-end visibility and smart automation, while patented technology secures DNS services to safeguard data and ensure application access. Companies in all sectors rely on EfficientIP offerings to face the challenges of key IT initiatives such as cloud applications and mobility. For further information, please visit: efficientip.com

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