SmartVault drives GetBusy first quarter annual recurring revenue rise

(Alliance News) - GetBusy PLC on Wednesday backed full-year guidance amid growth in its SmartVault business and hopes for an improved performance at Workiro.

The Cambridge, England-based document management and productivity software provider said annual recurring revenue increased 11% to GBP23.4 million year-on-year.

SmartVault delivered a "step-up" in growth through the US pre-tax season, with ARR up 19% on-year to USD18.5 million and new business in the period up 36%, GetBusy said.

In addition, GetBusy said Workiro has started the year well, with new business in the UK and Australia & New Zealand benefiting from the refocus on the professional services market.

Customer migrations from Virtual Cabinet to Workiro are building momentum, leading to attractive average revenue per user uplift and improving churn.

"This provides additional confidence that Workiro will continue its return to growth during the rest 2026," GetBusy said.

Reflecting the strength in SmartVault and with Workiro positioned to return to growth, GetBusy reconfirmed expectations for 2026 with "a high degree of confidence".

Shares in GetBusy rose 2.9% to 72.55 pence each on Wednesday.

By Jeremy Cutler, Alliance News reporter

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