DFIN achieved record software solutions net sales of $82.2 million, a year-over-year increase of 12.3%, or (13.6% on an organic basis), in our 3rd quarter 2024 earnings results, announced this week. Software solutions net sales accounted for 45.8% of total net sales, up from 40.7% in the third quarter of 2023, and the highest percentage of our sales mix attributable to software solutions achieved to date.
This ongoing success demonstrates that our business strategy to become the leader in deal-making, regulatory, and compliance software is bearing fruit — even in an environment of muted IPO and M&A activity.
Venue, our virtual dataroom offering, continued to shine with approximately 27% year-over-year growth. In addition, we experienced improvements in the growth rate of our ActiveDisclosure financial reporting software.
Clients choose Venue because it provides a centralized point of access for all authorized parties to view and share digital documents. Continually optimized for security, productivity, and usability, Venue offers instant setup, an intuitive interface, and 24/7/365 support, which streamline a complicated due diligence process and help drive the deal across the finish line faster.
Meanwhile, ActiveDisclosure is the client’s choice for financial reporting. Built on a secure platform that meets the highest security standards in the industry, ActiveDisclosure includes iXBRL tagging to help ensure reports are accurate and compliant. It has a simplified user interface and integrates with Microsoft Office and other software. Featuring tools to simplify communication and collaboration within teams and across departments, ActiveDisclosure is supported 24/7/365 by DFIN experts.
And we’re not stopping there. We continue to innovate ActiveDisclosure to deliver increased functionality that make our clients more efficient. In the third quarter, for example, we launched enhanced design capabilities to allow clients to deliver highly stylized financial and proxy statements.
As always, thanks to DFIN’s worldwide employees whose talent, dedication and commitment to our clients is the foundation of our success.
