Vena Achieves Elite Centaur Status Crossing $100M USD in Annual Recurring Revenue

Vena’s growing and passionate customer base sets the stage for continued value creation and market leadership

Toronto, ON – July 11, 2024 – Vena, the only Complete Planning platform purpose-built to amplify the power of Microsoft 365, announced it has surpassed $100 million USD in annual recurring revenue (ARR). This accomplishment earns Vena the prestigious status of Centaur, first introduced by Bessemer Venture Partners to recognize privately held SaaS companies that have reached $100 million USD in ARR.

According to Bessemer's 2023 State of the Cloud report, Centaurs are an "elite subset" of unicorns, signifying exceptional product-market fit, a scalable go-to-market strategy and a loyal customer base. Compared to the over 1,000 private companies ever valued at $1 billion or more, achieving Centaur status is seven times rarer, reflecting Vena's strong business maturity and market validation.

“Achieving this designation represents an exciting milestone on the amazing journey we’re enjoying with our customers and partners as we transform the office of finance and empower FP&A teams everywhere. From our founding days, we’ve believed that the most impactful organizations in the world have always been those that best leverage the power of data and their people in pursuit of a clear and meaningful mission. Our platform makes that possible and we are so grateful to have played our part in the success our customers realize every day,” said Hunter Madeley, CEO at Vena. “This achievement reflects the deep and abiding commitment of our employees as we build a culture and company focused on helping our customers plan to grow. We still have so much more to do, but it’s nice to take a beat and celebrate this latest milestone together.”

Vena continues to prioritize the success of its customers and understands the challenges faced by modern FP&A teams balancing the need for operational excellence with the responsibility to deliver critical insights and strategic support across the organization. The recent release of Vena CoPilot for FP&A means finance and operations teams are better positioned than ever to support and guide their organizations.

Over the past year, Vena has achieved several distinguished milestones that have set the stage for continued growth and customer value, including:

Growing and Engaged Community: Curating leading voices in finance and business leadership for The CFO Show, an industry-leading podcast hosted by Vena CFO Melissa Howatson to elevate the conversation for C-suite executives and aspiring finance and business leaders. Additionally, the company expanded Vena Academy, offering free CPE/CPD online courses in technical and non-technical training in Microsoft 365+, FP&A mastery and Vena Complete Planning. In this last year alone, 5,419+ credits were issued through Vena Academy and the Vena Customer Training Team. The company also brought together over 300 finance and operational professionals at this year’s Excelerate Finance 2024.
Customer and Analyst Recognition: Being named a Top Leader in the 2024 Business Application Research Center (BARC) Planning Survey, Top Rated by TrustRadius in 2024, a Leader by G2 and a Mid-Market Leader by IDC MarketScape. Vena has also been identified as a Challenger in The Hackett Group EPM Digital World Class Matrix and has received Technology Innovation Honors from Dresner Advisory Services. Additionally, Vena has been recognized as the CPM Industry Leader for the 11th straight year by Nucleus Research.

One of the outcomes of steadfastly focusing on creating value for its customers is that Vena has benefited from strong, predictable growth, which in turn, has allowed the company to meaningfully invest in its platform and community to support its growing customer base.

“This chart tracking our Annual Recurring Revenue base by quarter is one of our favorites because it keeps us grounded in doing right by our customers and by our culture every day," said Madeley.

Image of Vena's Customers Creating 10+ Years of Annual Recurring Revenue Growth

“This significant milestone highlights the power of our platform and the scalability and adaptability of our solutions,” added Hugh Cumming, Chief Technology Officer at Vena. “It’s a testament to our team’s dedication to delivering user-friendly, reliable solutions that truly meet the evolving needs of our customers. This milestone paves the way for even more innovative advancements as we continue to empower finance professionals worldwide.”

For more information about Vena and its journey to Centaur status, please visit www.venasolutions.com.

About Vena
Vena is the only Complete Planning platform natively integrated with Microsoft 365. Vena streamlines financial and operational planning, reporting and analysis processes, and provides advanced analytics and modeling capabilities to help business, finance and operations leaders make agile and more informed business decisions. With Vena, you can leverage the power of Excel and AI-powered insights in a unified, cloud-based platform that enhances productivity, collaboration and insights. Over 1,800 of the world’s leading companies rely on Vena to power their planning. For more information, visit venasolutions.com.

Media Contact:
Jonathan Paul
Vice President, Content Marketing
jpaul@venacorp.com

Vena Welcomes Microsoft Veteran Brian Kobleur To Drive Growth and Innovation

Industry veteran to accelerate Vena’s global market expansion via expanded ecosystem partnerships Toronto, ON – December 10, 2024 – Vena, the only FP&A platform purpose-built to leverage the full power of the Microsoft technology ecosystem, today announced that Brian Kobleur has joined the company as Vice President, Microsoft Alliances & Strategic Partnerships. Kobleur will focus on further strengthening Vena’s deep relationship with Microsoft, while advancing its position within the Microsoft ecosystem. Additionally, he will drive market growth by leading global go-to-market (GTM) and partner marketing strategies. “We’re thrilled to welcome Brian as our new VP of Microsoft Alliances & Strategic Partnerships,” said Hunter Madeley, CEO at Vena. “In this role, Brian will work to enhance the value of the Vena-Microsoft relationship, accelerating innovation and product development to meet our customers’ evolving needs. His deep expertise and leadership will play a pivotal role in Vena becoming the most widely adopted planning platform in the Microsoft ecosystem. We empower Finance teams who love Excel and organizations investing in Microsoft to achieve more, and Brian’s mandate will be to advance that mission” Kobleur brings nearly 30 years of experience with Microsoft and the Microsoft ecosystem to Vena. He spent 15 years at Microsoft, including three years in Germany to run the company’s consulting services practice. He then moved to Citrix and scaled the global Microsoft Alliance team, which drove triple-digit revenue growth for seven consecutive fiscal years. He played a key role in the company being named Microsoft’s top global ISV for Co-sell and Azure-consumed revenue. After leaving Citrix, Kobleur founded VelociPartner LLC, a technology consultancy for Microsoft partners based in San Diego, California. Vena remains the only Complete Planning platform natively integrated with Microsoft 365, and its marketplace already hosts preconfigured and partner solutions from a number of global companies across a wide variety of industries, including Vena for Legal by ProLytics, Vena for Franchising by Citrin Cooperman and Vena for Senior Living by Delbridge Solutions. Vena’s close strategic relationship with Microsoft has produced key features, such as Vena for Microsoft PowerPoint and Vena Copilot for FP&A, both launched earlier this year. About Vena Vena is the only Complete Planning platform purpose-built to harness the full power of the Microsoft technology ecosystem for FP&A teams and their collaborators. Vena amplifies Microsoft's world-leading productivity tools, cloud technology and AI innovation to make FP&A, operational planning and adjacent strategic processes more flexible, efficient and intelligent. Thousands of the world’s leading companies rely on Vena to power their planning. For more information, visit venasolutions.com. Media Contact  For immediate inquiries or more details regarding our latest company press release, please contact: Jonathan Paul  Vice President, Content Marketing  jpaul@venacorp.com 

December 10, 2024 |

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Vena Named One of Greater Toronto’s Top Employers for Third Time

CPM leader earns spot on prestigious list for second year in a row thanks to its ongoing commitment to corporate excellence Toronto, ON – December 3, 2024 - Vena, the only FP&A platform purpose-built to leverage the full power of the Microsoft technology ecosystem, is delighted to share that it has once again been named to the Greater Toronto’s Top Employers list for the second year in a row and its third overall time on the list. To be named to the list, Canadian employers are evaluated on a number of criteria, including culture, employee development opportunities and more. “We continue to focus on building a culture of growth and adaptability that prioritizes our employees’ well-being, and it is an honor for Vena to be recognized once again as one of Greater Toronto’s Top Employers,” said Tracey Mikita, Chief People Person at Vena. Mikita continued, “We have seen that our customers’ experiences are enhanced tremendously when our employees feel satisfied and fulfilled by their work lives. Focusing on our employees’ well-being is good for them and for our business as well. We continuously evaluate and improve our practices to encourage the growth of our employee-centric culture, from our purpose-driven approach to our hybrid work model and our commitment to employee development. We hope that by doing so, other companies will see the value in undertaking these initiatives.” During the evaluation period (January 2023–May 2024), Vena continued to build on its previous success as a top employer. For example, the company expanded the number of DEI training courses from 5 to 15 and reaffirmed its commitment to sustainability and social responsibility as major business priorities including through the Green Team, a sustainability and green initiatives employee resource group. Vena also welcomed the formation of a new Vena Resource Group (VRG) for Families. With this newest addition, Vena now has eight VRGs, including Vena Cares, Green Team, Network for Women (N4W), Mental Health, Melanite (Black employees), Spectrum (LGBTQIA+) and Va11y (Accessibility). Each VRG represents Vena’s dedication to fostering diversity, belonging and employee engagement. In addition to the Greater Toronto’s Top Employers list, Vena has also been recognized or won the following in 2023–24: Recertified as Canada’s Most Admired Corporate Cultures Award for third consecutive year TrustRadius Tech Cares Award for the fifth consecutive year Team True North Roster of Canada’s Top-Performing Tech Companies for the second consecutive year Six 2023 Comparably Awards, including: Best Company Compensation, Best Company Happiness, Best Company Perks & Benefits, Best CEOs for Women, Best CEOs for Diversity and Best Company Global Culture By further reinforcing its commitment to a culture of transparency and innovation, Vena drove significant growth and recognition over 2024. In July, the company officially reached Centaur status, signifying a SaaS startup with $100 million USD in ARR or greater. The Vena product team has rolled out a number of key features in the past year, including Vena Copilot for FP&A and Vena for Microsoft PowerPoint. To better understand employees’ needs and areas for improvement, company leadership solicits feedback from team members through various methods, including town halls and employee surveys. This approach has earned praise on platforms such as Comparably, where 98% of Vena’s reviews are positive, and the leadership team has received significant praise for being “open to communication, open to criticism and feedback.” In a recent survey, 81% of employees endorsed Vena as an exceptional place to work, citing its commitment to authenticity and inclusivity. “We have seen that our customers’ experiences are enhanced tremendously when our employees feel satisfied and fulfilled by their work lives. Focusing on our employees’ well-being is good for them and for our business as well." —Tracey Mikita Chief People Person at Vena Editors of Canada’s Top 100 Employers evaluate companies on eight consistent criteria: workplace; work atmosphere and social; health, financial and family benefits; vacation and time off; employee communications; performance management; training and skills development; and community involvement. Evaluated companies are then compared to other organizations in the same industry. To read the complete list, please visit canadastop100.com/toronto/. About Vena Vena is the only Complete Planning platform purpose-built to harness the full power of the Microsoft technology ecosystem for FP&A teams and their collaborators. Vena amplifies Microsoft's world-leading productivity tools, cloud technology and AI innovation to make FP&A, operational planning and adjacent strategic processes more flexible, efficient and intelligent. Thousands of the world’s leading companies rely on Vena to power their planning. For more information, visit venasolutions.com. Media Contact  For immediate inquiries or more details regarding our latest company press release, please contact: Jonathan Paul  Vice President, Content Marketing  jpaul@venacorp.com 

December 3, 2024 |

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Vena Recognized Among Canada’s Most Admired Corporate Cultures for Third Consecutive Year

With a steadfast commitment to people-centered values and a vibrant workplace culture, Vena celebrates its recertification among Canada's most respected organizations Toronto, ON – November 22, 2024 – Vena, the only FP&A platform purpose-built to leverage the full power of the Microsoft technology ecosystem, has been recertified by Waterstone Human Capital for Canada’s Most Admired Corporate Cultures Award program. This recognition marks the third consecutive year of the company’s acknowledgment in this prestigious program, celebrating organizations with exemplary workplace cultures. "Our culture at Vena is shaped by our commitment to people-first values and to building an environment that encourages innovation, inclusivity and employee well-being," said Tracey Mikita, Chief People Person at Vena. "Being recertified for Canada’s Most Admired Corporate Cultures reflects our ongoing dedication to empowering our team to grow and succeed in meaningful ways." The annual award assesses organizations based on leadership, engagement and cultural alignment. This recognition continues to highlight Vena’s position as an industry leader in corporate culture, reflecting its focus on team well-being and setting a benchmark for excellence within the industry. Through a culture that prioritizes support, collaboration and creativity, Vena inspires confidence among stakeholders and attracts top talent, demonstrating how a people-first approach drives both organizational success and positive influence across the industry. “Maintaining an inspiring, adaptive culture is crucial not only to the growth of our team, but also to delivering outstanding service to our clients,” said Hunter Madeley, CEO of Vena. “This recertification highlights and celebrates Vena as a workplace where employees thrive, collaborate and innovate. We’re proud of the positive impact this has on our team and the Vena community.” At Vena, our workplace culture thrives on inclusivity, growth and employee well-being. This commitment comes to life through our eight active Vena Resource Groups (VRGs), including: Vena Cares Green Team Networks for Women (N4W) Mental Health Melanite (Black employees) Spectrum (LGBTQIA+) Families Va11y (Accessibility) These employee-driven groups, backed by Vena’s full support, champion diversity, foster belonging and energize engagement—making Vena a place where everyone can truly feel seen, heard and empowered to grow. "Being recertified for Canada’s Most Admired Corporate Cultures reflects our ongoing dedication to empowering our team to grow and succeed in meaningful ways." —Tracey Mikita Chief People Person at Vena For more information on Vena’s culture and career opportunities, visit https://www.lifeatvena.com/. About Vena Vena is the only Complete Planning platform purpose-built to harness the full power of the Microsoft technology ecosystem for FP&A teams and their collaborators. Vena amplifies Microsoft's world-leading productivity tools, cloud technology and AI innovation to make FP&A, operational planning and adjacent strategic processes more flexible, efficient and intelligent. Thousands of the world’s leading companies rely on Vena to power their planning. For more information, visit venasolutions.com. Media Contact  For immediate inquiries or more details regarding our latest company press release, please contact: Jonathan Paul  Vice President, Content Marketing  jpaul@venacorp.com 

November 22, 2024 |

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Vena Achieves Elite Centaur Status Crossing $100M USD in Annual Recurring Revenue

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