Recently appointed Mendix CEO, Tim Srock, is driving forward a strategic plan to position the enterprise low-code development platform at the core of the enterprise software stack. Following 300% growth in annual recurring revenue (ARR) since the acquisition of Mendix by Siemens in 2018, Srock is determined to harness this momentum for further expansion in his new role.
Taking over from co-founder Derek Roos, Srock is no stranger to the company, having played an instrumental role in Mendix's growth during his tenure as CFO. With a focus on hyper-automation and hyper-personalization, Srock is eager to ensure that Mendix remains at the forefront of the digital-first economy by delivering the agility, solutions, emerging technology, and customer-centric approach that enterprises need to excel in this rapidly evolving landscape.
Under Srock's leadership, the Mendix ecosystem will include a rapidly expanding partner program, encompassing compelling technology and go-to-market partnerships. For instance, a recent announcement highlighted the extension of Mendix's seven-year collaboration with Amazon Web Services (AWS), now offering the Mendix low-code platform on the AWS marketplace. This partnership aims to provide AWS customers with intelligent automation solutions across various sectors, such as banking, insurance, and manufacturing.
The Mendix ecosystem also consists of the Mendix Academy, App Factory, Digital Execution Practice, and a thriving community of 50 million licensed users. In 2021, this ecosystem enabled 230,000 developers and over 300 certified partners to build 120,000 Mendix applications, empowering businesses to achieve their transformation goals faster and more efficiently. The digital business ecosystems created by these organizations enable effective collaboration amongst various departments and partners, resulting in streamlined processes, accelerated innovation, and new revenue opportunities.
Counted amongst the notable accomplishments of Mendix so far are its consistent placement in the Gartner Magic Quadrant for Low-Code Enterprise Application Platforms and Multiexperience Development. Furthermore, the company has experienced an impressive ARR growth of over 300% since being acquired by Siemens, with a diverse portfolio of industries, such as financial services, insurance, retail, transportation, public sector, manufacturing, and industrial leveraging its low-code platform.
With the industry's first all-in-one low-code platform, Mendix 9, the company is reshaping enterprise application development by extending its benefits to data integration, intelligent workflows, mobile development, and more. In 2021, Mendix expanded its global reach into Asia, Europe, and the Middle East, adding prestigious clientele such as Schaeffler, a leading global supplier to the automotive and industrial sectors.
As the new Mendix CEO, Srock brings his extensive experience and vision to maintain the company's hypergrowth while ensuring its low-code development platform remains at the center of the enterprise software stack. By strengthening Mendix's position in the market and expanding its ecosystem, Srock is committed to helping businesses harness the power of low-code platforms, such as Mendix and AppMaster, to achieve their digital transformation goals and stay ahead in the digital-first economy.
