Top IT Companies in Boston, MA (507)

Strong Revenue Growth: Revenue is reported to have risen from £169.4m in 2023 to £197.0m in 2024, based on filed UK statutory accounts. Parent-company commentary for 2025 further points to higher “Other revenues” tied to this unit, reinforcing the upward trend.

Profitability: Operating profit increased to £45.9m in 2024 alongside higher profit after tax, indicating improved operating leverage. These gains are documented in UK filings as summarized by industry coverage.

Market Expansion: Customer milestones include surpassing one million globally in 2024 and one million in the UK in 2026, while a new Boston headquarters signals continued U.S. investment. Recent product and initiative rollouts (e.g., AI tools and community programs) indicate ongoing expansion efforts.

Strong Revenue Growth: Q2 2026 revenue rose 31% year over year, supported by markets, organic base-fee growth, acquisition-related and performance fees, and higher technology services revenue. Momentum followed a record 2025 with double‑digit top‑line growth.

Profitability: Operating income increased 42% in Q2 2026 (39% as adjusted) and diluted EPS rose 20% (15% as adjusted). Record AUM and broad-based inflows supported operating leverage.

Diversified Revenue Streams: Growth is described across iShares ETFs, private markets, active fixed income, and systematic equity, while technology services and subscriptions grew 13% year over year in Q2 2026. This mix complements AUM reaching a record $15.3 trillion with strong net inflows.

Strong Revenue Growth: Revenue is advancing at a strong double‑digit pace with Cloud accelerating, while forward indicators like ARR and contracted backlog are also expanding, pointing to durable top‑line momentum.

Innovation-Driven Growth: AI-led capabilities (e.g., Rovo) and deeper platform adoption are tied to higher monetization and faster ARR expansion among adopters, reinforcing product-led growth.

Customer Loyalty & Retention: Cloud net revenue retention remains well above 100% and has improved over successive quarters, suggesting healthy expansion within the existing customer base.

Strong Revenue Growth: Revenue rose about 23% year over year in Q2 2026 and 24% for full-year 2025, with ARR up 25% and GPV up 22% reinforcing a scaling top line. Guidance for 2026 recurring gross profit growth of roughly 23–25% further underpins momentum.

Profitability: Operating income and EPS roughly doubled year over year in Q2 2026 (operating income $152M vs. $80M; diluted EPS $0.26 vs. $0.13). Management also highlighted rising adjusted EBITDA and improved net income alongside recurring gross profit expansion.

Market Expansion: New offerings (e.g., Toast Drive‑Thru) and enterprise wins/expansions (e.g., Best Western, TGI Fridays UK, multi‑unit brands like Caribou Coffee and Potbelly) support broader adoption. The footprint reached about 180,000 total locations as of June 30, 2026, up roughly 22% year over year.

Strong Revenue Growth: Group sales increased 10% in 2025 and 9% in the first half of 2026, with underlying EBIT up 11%, and full‑year 2026 sales and EBIT guidance raised. These trends indicate broad-based momentum that includes U.S. programs.

Resilient & Sustainable Growth: A record order backlog of about £83.6–£84.0bn provides multi‑year revenue visibility and underpins capacity additions at U.S. sites. Free cash flow also strengthened, reinforcing durability of the growth profile.

Market Expansion: Facility expansions and upgrades in Endicott (NY), Austin (TX), Hudson (NH), and a new Utah site, alongside the 2024 acquisition of Ball Aerospace (now Space & Mission Systems), enlarge the U.S. footprint and portfolio. Recent U.S. and international contract wins further extend reach across markets.

Strong Revenue Growth: Subscription revenue reached $3.877B in Q2 2026, growing strongly year over year, with total revenue also advancing. The company raised its full-year 2026 subscription outlook to $15.76–$15.78B and guided continued double-digit growth into Q3.

Product Line Growth: “ServiceNow AI” surpassed $1B in ACV in Q2 2026, acting as a catalyst for deal activity and upsell. Newer AI capabilities layered onto core workflows are described as adding incremental momentum.

Resilient & Sustainable Growth: Current and total RPO climbed to $13.20B and $29.0B, respectively, indicating strong contracted demand ahead. The number of customers above $5M in ACV increased meaningfully, supporting durable multi‑year expansion.

Strong Market Position & Advantage: Recognition as a Leader in the 2026 Gartner Magic Quadrant for Workplace Experience Applications signals strong execution and helps with shortlist placement in enterprise cycles. It reflects visibility and credibility within its category.

Innovation-Driven Growth: Continued product releases—especially AI-driven scheduling and refreshed analytics—indicate active R&D and a roadmap aligned to hybrid-work needs. This cadence typically tracks with active usage and retention motions.

Market Expansion: Launching the One Workplace Platform on Google Cloud Marketplace opens a new procurement channel that can accelerate expansion with enterprise buyers. This move complements a broad customer footprint highlighted across regions and industries.

Strong Market Position & Advantage: Repeated Leader placements in Gartner’s DEX Magic Quadrant (2024–2026) and Forrester’s 2024 EUEM Wave indicate durable competitive standing and sustained category momentum. These recognitions coincide with communications citing 1,200–1,500+ customers and 20M+ endpoints, underscoring broad enterprise adoption.

Product Line Growth: New offerings such as Adopt on Infinity (2025) and the Spark personal IT agent (2026), plus integrations like GoTo/Rescue and a government-focused AWS Marketplace listing, expand use cases and routes to market. The 2024 acquisition of AppLearn further broadened capabilities into digital adoption.

Investor Backing & Capital Strength: A late‑2025 majority investment by Vista Equity Partners at an approximately $3B valuation signals strong external confidence and provides resources for scaling. This step-up from the 2021 round supports continued product and go‑to‑market execution.

Profitability: Q2 2026 delivered positive GAAP operating income of $3.0M and non‑GAAP operating income of $28.9M, with management raising the 2026 non‑GAAP operating income outlook. This indicates margin improvement even as the top line softens.

Healthy Cash Flow: Free cash flow was $31.9M in Q2 2026 and management is targeting around $125–$135M for full‑year 2026. This ongoing cash generation underscores improved efficiency during a reset year.

Investor Backing & Capital Strength: Cash and short‑term investments increased to about $703M as of June 30, 2026, up from roughly $657M at year‑end 2025. This liquidity provides flexibility amid slower ARR and revenue trends.

Strong Revenue Growth: ARR is described as rising from over $300M in 2025 to over $400M by mid-2026, alongside large-scale telemetry usage that signals expanding adoption. This trajectory indicates sustained top-line expansion through 2026.

Innovation-Driven Growth: AI-led capabilities such as Edwin AI are portrayed as a meaningful driver of bookings with rapid recurring revenue momentum, and the company is advancing an “Autonomous IT” roadmap. Continued AI feature launches through 2026 point to product-led expansion.

Investor Backing & Capital Strength: An $800M financing in late 2024 at around a multi‑billion valuation provides resources to accelerate platform expansion, acquisitions, and entry into new markets. This capital base supports ongoing scaling initiatives.

Strong Revenue Growth: Top line is described as expanding steadily in recent years, with continued growth expected. Separate reporting cites roughly $500 million in annual revenue and rapid momentum, even as exact figures vary.

Healthy Cash Flow: Cash generation has improved enough for a late‑2025 credit rating upgrade, with projections to produce over $100 million in free cash flow within the next 12–24 months. Leverage is expected to trend down alongside strong margins.

Customer Loyalty & Retention: Retention is characterized as consistently high with net expansion of spend, signaling durable relationships and effective cross‑sell within the installed base. A sizable customer count (over 4,000 organizations) supports stickiness across regions.

Strategic Partnerships: Partner ecosystems are expanding through a formal partner program and notable alliances, including technology integrations and channel routes that widen enterprise reach. Evidence points to distribution via OEMs/resellers and relationships such as DigiCert, major cloud programs, and public‑sector pathways.

Innovation-Driven Growth: Product and research cadence remains high, with ongoing Spectra platform releases, annual Software Supply Chain Security reports, and active updates through 2026. Industry awards and analyst recognition reinforce momentum around software supply chain security and deep binary analysis.

Investor Backing & Capital Strength: Recent financing rounds reported in 2024, building on prior investments, indicate sustained capital support for scale‑up. This funding trajectory aligns with continued hiring, marketing cadence, and ecosystem expansion.

Strong Market Position & Advantage: Analyst recognition as a Leader in The Forrester Wave: Cybersecurity Skills and Training Platforms (Q1 2026, and previously 2023) highlights strength in current offering and strategy. Claims of 400+ customers, Fortune‑scale adoption, and visible enterprise/public‑sector footprints reinforce this positioning.

Innovation-Driven Growth: New GenAI‑powered capabilities and continued investment in the unified “Immersive One” platform indicate active product development. Frequent 2025–2026 feature launches and AI‑centric updates suggest a robust roadmap.

Strategic Partnerships: Collaborations such as Arctic Wolf joining the Cyber Million initiative and public‑sector programs (e.g., UK Defence, CyberTrust Massachusetts) signal expanding ecosystem reach. These relationships align with companies leaning into broader market expansion.

Product Line Growth: New offerings like Pulse (2026) and an AI Dubbing solution (2026), plus AI‑enabled language solutions and a global linguist marketplace (2025), extend the platform beyond core captioning. Company materials also emphasize a broader suite spanning live and prerecorded captioning, transcription, audio description, subtitling, and localization/dubbing.

Market Expansion: The February 2022 acquisition of Captionmax and National Captioning Canada added significant live‑captioning capabilities and a Canadian presence, later rebranded as 3Play Media Canada. A 2025 reintroduction emphasized multilingual video localization across 50+ languages, signaling entry into a wider global market.

Investor Backing & Capital Strength: A 2019 majority investment by Riverside Partners provides institutional support for a buy‑and‑build strategy and continued product and market expansion. Subsequent M&A and integration milestones reinforce available capital and sponsor‑driven scale‑up capacity.

Strong Revenue Growth: Revenue is rising rapidly, with Q2 FY2026 results well above the prior year and management increasing the full‑year outlook while guiding continued momentum into Q3. These signals indicate sustained top‑line acceleration rather than a one‑off spike.

Resilient & Sustainable Growth: Contracted demand expanded, as current remaining performance obligations grew strongly in Q2 FY2026. Upmarket customer gains and elevated net retention further point to durable expansion from existing cohorts.

Innovation-Driven Growth: An AI/edge “inference layer” launch and ongoing Workers AI/Radar updates show active platform expansion and growing developer adoption. This product velocity positions the business to capture emerging AI‑driven workloads.

Market Expansion: Public materials indicate customer counts rising from 500+ in 2021 to more than 1,000 by mid‑2025, suggesting steady adoption. Partner motions such as becoming a Shopify Premium Partner in 2025 further extend reach and implementation capacity.

Product Line Growth: Acquisitions of Unifai (2023) and PricingHUB (2026) expand the Product Cloud from core PIM/PXM into AI‑driven enrichment and pricing, broadening wallet share opportunities. A continued 2025–2026 release cadence (e.g., AI agents, CDN, data architect enhancements) reinforces an expanding offering.

Investor Backing & Capital Strength: A $135M Series D in March 2022 underpins subsequent platform launches and acquisitions, signaling capacity to execute on product and international initiatives. This capital base supports measured expansion.

Innovation-Driven Growth: The bank operates the FedNow Service for all Reserve Banks and co-led Project Hamilton with MIT, underscoring active leadership in instant payments and CBDC research. It also introduced the Weekly State-level Economic Conditions Index, expanding data and analytical capabilities.

Future-Ready Strategy: Capital investments were budgeted to roughly double in 2024 versus 2023 and rise again in 2025 plans, emphasizing stepped-up spending on facilities and technology. System priorities cite payments modernization (including FedNow, ISO 20022) and IT infrastructure as resource drivers.

Strategic Partnerships: Collaboration with MIT’s Digital Currency Initiative on Project Hamilton and formation of a First District Payments Advisory Council reflect deliberate external engagement to advance payments and research. Cross‑Reserve Bank roles, including operating FedNow, show coordinated partnerships that expand Boston’s operational scope.

Strong Market Position & Advantage: Industry recognitions place the company in the Leaders tier across key AppSec categories, signaling durable competitive standing. Ongoing ecosystem visibility, such as a 2025 Google Cloud Technology Partner of the Year award, reinforces presence with major platforms.

Product Line Growth: The platform has broadened via acquisitions like Helios and Probely to add visibility, DAST, and API security alongside SCA/SAST. Momentum in newer modules, including Snyk Code surpassing about $100M in ARR and launches like Evo, supports larger account expansion and upsell.

Innovation-Driven Growth: The company is leaning into AI-native security with investments and acquisitions (e.g., Invariant Labs) and AI-assisted workflows. AI-forward offerings and product announcements indicate a roadmap aligned to modern development patterns.

Strong Market Position & Advantage: Independent indices (e.g., Omdia 2025 and Counterpoint 2026) consistently place HERE at the top, highlighting strengths in AI mapping, sensor fusion, and business performance/orderbook. A steady cadence of launches and OEM deployments reinforces leadership in automotive‑grade location platforms.

Strategic Partnerships: Multi‑year alliances and expansions with AWS (10‑year, $1B), Esri (three‑year), and major OEMs such as JLR and Hyundai AutoEver, plus a Baidu Maps MoU, signal deepening commercial channels and long‑term demand. These collaborations span AI‑powered mapping, SDV tooling, and enhanced in‑vehicle experiences across regions.

Innovation-Driven Growth: AI‑powered mapping, SDV toolchains, and new offerings like GIS Data Suite and Location Reasoning indicate an active product engine aligned to growth areas. Added credentials such as AWS AI Competency and ISO/IEC 42001 for AI management support enterprise adoption.

Strong Revenue Growth: Recent results highlight the highest revenue quarter in company history in Q4 FY26. Earlier updates cited over $1B in FY2024 billings alongside hundreds of new customers, indicating commercial momentum post–take‑private.

Innovation-Driven Growth: Adoption of Coupa Navi AI agents and acquisitions such as Rossum and Tonkean are aimed at accelerating autonomous spend management and AI-driven intake/orchestration. Independent event coverage described a coherent roadmap centered on a network-led, autonomous spend vision.

Strategic Partnerships: A five‑year strategic collaboration agreement with AWS was announced in 2026. This alliance is positioned to accelerate AI-driven capabilities and support expansion of the autonomous spend‑management vision.