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BUSINESS

Clari accelerates international expansion with new APAC investments

05/05/2022 03:45 PM

KUALA LUMPUR, May 5 (Bernama) -- Clari, the revenue leader, has announced new investments to expand international growth to the Asia-Pacific (APAC) region with the appointment of Abdul Javed as Clari’s Vice President of Sales in APAC.

Based in Sydney, Javed is tasked with growing Clari’s team in Australia as a stepping stone for further expansion in the broader APAC region.

In January, Clari closed on its Blackstone-led US$225 million Series F investment round, raising the company’s total valuation to more than US$2.6 billion. This follows Clari’s US$150 million Series E round in March 2021, bringing total funding in less than 12 months to US$375 million while more than quadrupling the company’s valuation in two years. (US$1 = RM4.336)

Clari more than doubled its team to over 600 since the start of 2021 and plans to add 300 employees in 2022, with an emphasis on international expansion.

“The last year has been a remarkable period of growth for Clari, unlike anything I’ve experienced in my career,” said Andy Byrne, co-founder and CEO of Clari in a statement.

“Clari is the only platform that runs the entire end-to-end revenue process, and skyrocketing demand has resulted in accelerated momentum that now positions us to enter a new phase of international expansion with Asia-Pacific as a cornerstone.”

Javed, who joins Clari with nearly a decade of sales experience in APAC and deep expertise in regional expansion for US-based technology companies, said: “Our powerful data and insights are a game-changer for all revenue professionals. Over 500 companies around the world use Clari to run their end-to-end revenue process and I’m excited to introduce this secret weapon to more companies in Australia and beyond.”

Clari currently has over 4,000 users in APAC who use its purpose-built revenue platform to deliver world-class revenue performance for their businesses in China, Japan, Singapore, and India.

The Australian Trade and Investment Commission (Austrade) worked with Clari to facilitate the expansion, providing key local contacts, market insights, and advice.

-- BERNAMA


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