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Finance software platform Iplicit has announced its plans for continued “triple-digit” growth in 2024 and an expansion in the US for 2025, after announcing it has grown more than 100% each year since its inception in 2019.
Since 2019, the company has grown its headcount from six to 94 and supports over 1,100 organisations, with almost 20,000 daily users on the platform logging in from 85 countries.
To support its 2024 growth plans, the cloud finance software business announced three senior leadership appointments in sales, customer service and marketing.
Scott Regnier, who has moved to the UK from Colorado, has been appointed head of the company’s direct sales operation. He will be responsible for evolving the strategy and approach for the company’s US launch in 2025.
Meanwhile, Nicky Cox, who has three decades of experience in implementing complex ERP systems in the UK and internationally, has been appointed as Iplicit’s first chief customer officer.
In addition, Colin Mann, who brings 25 years of B2B experience, has been appointed head of an expanded marketing team.
Lyndon Stickley, CEO of Iplicit, said: “Iplicit has grown by more than 100% every year since its launch in 2019 – a track record practically unheard of among businesses of this kind. Not only are we on course to double in size again this year, but we see 2024 as the tipping point in our campaign to disrupt the industry.
“The accounting mid-market is under-served; although it looks like a crowded market, it’s filled primarily with on-premise providers, with solutions from several vendors who led the charge in the last two to three decades but have not kept pace with the needs of the typical organisation between 30-300 staff”.
He added: “As our trajectory continues, we’re firmly hot on the heels of the incumbents, such as Sage, as we work to set free those organisations which have outgrown entry-level cloud accounting packages, or outdated on-premise systems. I see Iplicit as the Netflix equivalent to Sage’s Blockbuster. No one thought that Kodak or Blockbuster could fall, but looking back it was clear.”
