AppLearn, a rapidly growing Manchester tech scale-up, has achieved record growth in the first half of its financial year, covering January through June.
The business recorded revenue growth of 138 per cent when compared to the same period last year.
AppLearn also recorded a 240 per cent increase in deals secured with new and existing customers – securing more in Q2 alone than the entirety of FY21. In 2022 so far, it has onboarded major brands including shipping giant Stena Line, joining existing customers such as Nissan and EY.
Quickly consolidating its position within the digital adoption platform (DAP) market, which was valued at £13bn in 2022, AppLearn’s growth comes off the back of an impressive start to the year. In January, it secured eight-figure funding from Silicon Valley Bank (SVB), and NPIF – Maven Equity Finance, managed by Maven Capital Partners (Maven) and part of the Northern Powerhouse Investment Fund (NPIF).
This has enabled the business to grow its team by 11 per cent, and as it continues to actively recruit, it has secured listings in the Best Companies ‘Outstanding Place to Work’ and ‘Top 15 Tech Company’ in the UK.
In February, AppLearn completed a major acquisition of a Slovakia-based DAP provider YesElf. The move enabled the business to triple its development capacity and take onboard a Bratislava office, joining its Boston, San Francisco and Manchester locations.
AppLearn CEO Andrew Avanessian said: “The scale of digital transformation in recent years has created the ideal conditions for the DAP market to grow, given the platform’s ability to help organisations unlock value from their software and applications investments.
“We’ve accumulated more revenue in the last quarter alone than the entirety of last year. Sales have accelerated, we’ve been able to attract and retain some of the best talent in the region, triple our development capacity and are now working with some of the most prolific global brands.”
