Canto Caps Sensational Year With Record Fourth Quarter
Posted by Cory Schmidt
Growing ranks of new customers and increased adoption by existing customers have powered Canto’s annual ARR growth by over 100% for the fifth consecutive year.
January 17, 2020 – San Francisco – Canto, a leading provider of digital asset management (DAM) software, today announced record fourth quarter results in terms of new sales, new customers and net customer retention. Full year results on these metrics also represented annual bests, as the company has continued to sustain its impressive growth since the introduction of its namesake Canto product.
“At Canto, we believe that DAM systems are not just asset management tools, but rather they are a way to manage how people interact with one’s company. Our enduring high growth and adoption reflect the embrace by our customers of this human-centric approach,” stated Jack McGannon, Canto’s Chief Executive Officer. “We are particularly heartened by the many customer success stories that illustrate how organizations using Canto are truly leveling up and becoming empowered to achieve more for their brands.”
“Strengthening our value to the customer with new features and integrations has been a hallmark of Canto since inception” continued Mr. McGannon. “Just as importantly, we have strived to make the entire journey from prospect to customer one that ensures a focus on realizing the power of visual content. From the initial discovery call, the structured onboarding, the responsive technical support, and on to a dedicated account manager and our Canto community, we have made value-adding connections with our customers a fundamental focus of how our company operates.”
Canto’s DAM solution has wide applicability to a variety of industry verticals, including: retail, manufacturing, education, transportation, hospitality, nonprofit, healthcare, food and beverage, technology and more. Canto welcomed these brands into the Canto community: Godiva, Danner, New World Symphony, Evolution of Smooth, Seattle Housing Authority and Oceaneering.