Alfa, a developer of software for the equipment finance industry, reported audited results for the 12 months ending Dec. 31, 2024, highlighting a year of significant achievements in financial performance, strategic growth and innovation.

Alfa secured eight new customer wins and retains a robust late-stage pipeline. There were a total of 26 go-lives or upgrades during the year.

Accelerating Alfa’s transition to a SaaS subscription model, customers who run Alfa Systems on Alfa Cloud’s single-tenant environments now total 21.

In the area of product innovation, the successful launch of Alfa Systems 6 highlighted ongoing investment in cutting-edge technology and product enhancement. Meanwhile, Alfa demonstrated its commitment to sustainable business practices by joining the United Nations Global Compact.

“2024 was a breakthrough year for Alfa marked by the successful launch of Alfa Systems 6 and a record number of wins across our major markets,” Andrew Denton, CEO of Alfa, said. “To meet the strong demand for our products, we have continued to recruit high-quality people, ending the year with more than 500 people working for Alfa.”

“We continue to invest in Alfa Systems 6 to expand our functional and technical lead over our competition, while continuing to deliver reliably for our customers,” Denton said. “The year’s operational execution and strong sales and financial performance, along with our very healthy pipeline, has reinforced the strength of our strategy and we remain confident in the outlook for the business.”