As we head into a bright new year, I can’t help but reflect on the past. 2021 was a milestone year! We achieved record growth, surpassing $150 million in annual recurring revenues (ARR) – a symbolic milestone in the cloud software market. In total we’ve grown 300 percent organically over a three year stretch. A thousand employee families now consider LogicMonitor home. And more than 75,000 users spanning thousands of companies use the LogicMonitor platform.
I joined LogicMonitor in 2011 as the 6th employee. Over eleven years, our team has transformed this company from start up into what I believe is the global leader in the IT observability market. We’ve built a well-differentiated, powerful and future-proof technology platform built on our foundation of best-in-class ITIM expertise. We’ve added log intelligence to our platform, and we’re blazing forward to establish a new phase of LogicMonitor unified capability with our modern APM and synthetics solutions. All of this with an AI-forward approach to building intelligent products.
The willingness to always change, evolve, push forward and build into the next phase of our opportunity is a hallmark of LogicMonitor’s business and a key part of its success. And it’s on this incredible high note – record revenues, customers, and sustained product innovation – that I announce that I’ve passed the reins of LogicMonitor over to Christina Kosmowski as our new CEO!
I have full confidence in Christina’s ability to be a great CEO. I worked actively with Christina in her role as LogicMonitor President over the past year to prepare for the CEO transition. She arrived here with incredible operational and strategic know-how developed through holding key roles for two decades at hypergrowth companies Salesforce and Slack. Christina led LogicMonitor’s 2021 acceleration – and she now leads this great company into its next chapter of growth.
In my new role as Executive Chairman I look forward to helping guide the company in a different, albeit less-visible way, continuing on as a member of our Board of Directors. I love this company, our customers, the technology, and most of all, our LM team. It’ll be fun to serve you all in a new capacity while I support Christina as she leads us to fulfill our promise.
Thank you LM Community – past, present and future. I can’t wait to see what you all accomplish next. Get after it!
Kevin McGibben is Executive Chairman at LogicMonitor