GetBusy will roll out features from two companies acquired in October as enhancements to the SmartVault document managed application.Based in the United Kingdom, GetBusy issued a trading update for the year ended December, saying it, had annual recurring revenue of roughly $21.2 million for the year ended December 31 The company will report final results on March 31. It did not provide any earnings numbers as part of its trading update.
The two acquired businesses were Quoters (www.quoters.io), which automates proposals and quotes, and Docdown (www.docdown.io) which utilizes online web forms, web hooks and APIs to automate the population of forms and templates. The capabilities are expected to be ready for new and existing customers over the next 12 months as a part of SmartVault.
The total ARR compares to reported revenue of approximately $14.4 million for 2020 at year-ago currency rates. GetBusy said the growth of recurring revenue will be about 13 percent in constant currency.
GetBusy also markets Virtual Cabinet, another document management package, but did not discuss performance of either product.
During the year, GetBusy launched Certified Vault, which provides secure vaulting and custody of authoritative copies of digital assets in the asset finance industry in the United States. GetBusy said it has secured customer agreements with a total of more than $200,000 annual recurring revenue from these contracts.
