Hemanth Puttaswamy
What We See For 2023
Happy New Year, Customers, Malbekians, Partners, Investors, and Friends!
What a year 2022 has been. Malbek has grown responsibly this year, all thanks to our amazing team, partners, and customers. We’ve seen a lot of changes and a lot of improvements. However, it’s time to break out the champagne and celebrate. 2022 has officially closed its doors and a new year, 2023, is now wide open.
Looking Back on 2022
We saw a lot of amazing things happen in 2022. To list out some of the highlights, in 2022 we:
- Launched our new product Malbek Klix™, a clickwrap solution that is the one-click-wonder for online agreements
- Kickstarted our DEI initiatives and launched our DEI committee
- Implemented our employee health and wellness program
- Welcomed two new executives: Ben Willis, our VP of Products, and Rich Colie, our VP of Finance
- Our new physical office opened up in April
- Attended several in-person events and networking face to face without a mask, amen to that
But that’s only part of it. We aren’t joking when we say we continue to see significant growth. Our Net Dollar Retention was greater than 120% and our revenue doubled. Of the many organizations we gained as customers this year, a significant portion of them are large enterprise deals, and about half of those large deals are Fortune 500 or higher.
Looking ahead at 2023
We have big plans for 2023. Our biggest goal for the year, though, is a focus on sustainable growth and responsible spending given the economic uncertainty.
No one enjoys living through an economic downturn. Unfortunately for everyone though, that is the way that the world is swaying right now. Many companies have been facing tighter budgets and uncertainty. However, Malbek is different. Why? Because in the past year, we have laid our foundation for efficiency and sustainability. As a result, Malbek is well-positioned to grow while managing spend and not be forced into unwanted funding round. This means that we will continue to build our solution aligned with our long-term vision and delight our customers for the long run.
Don’t mistake our sustainability for stagnation though. We will continue to build our value through our outstanding solutions, amazing people, and delightful experiences. When the time is right, we plan to raise funds that match our time-tested value. We want to make sure that no matter what we continue to build upwards.
We have planned and forecasted for 2023, and I am excited to see what it has in store.
Thank you to 2022, and cheers to what we see in 2023!
