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sylogist Sylogist Reports Audited Q4 & Fiscal 2021 Results FY21 investments and execution sets stage for growth and value creation in FY22 CALGARY , December 13 , 2021 / Newsfile Corp./ - Sylogist Ltd. ( TSX : SYZ ) ( " Sylogist " or the " Company " ) , a leading public sector SaaS company , is pleased to announce its audited financial results for the fiscal year ended September 30th , 2021 . Bill Wood , President and CEO of Sylogist stated , " FY2021 was a transformative year for Sylogist ; and , we finish the calendar year as a completely different company . When I joined the Company in November '20 , towards the end of our fiscal Q1 , Sylogist was almost entirely focused on operational efficiency and profitability . Since then , we have put in place a solid foundation for growth acceleration , both organically and inorganically , as an industry - leading , SaaS - only company . We are focused on creating stakeholder value with an organic growth rate on the non - acquired revenue base in the high single digits , while investing in our workforce , products , customer relationships and , more recently , our go to market strategy . We expect expansion of recently acquired businesses , with the same or better growth rate objective , and an aggressive strategic M & A cadence , all while maintaining strong profitability and a Rule of 40 posture . We are encouraged that even in our early phase of investments , we posted reasonable growth results in our Q4 ending September 30 , with revenues up 15 % on a constant currency basis and Adjusted EBITDA up by 30 % on the same basis . Our transformation has been enabled by strategic investments in our customer - facing team , increasing product and R & D investment by 66 % and breaking down silos to build a single unified team . Our sales and marketing investment is up over 200 % from FY 2020 , as we add strategic marketing activities to increase market awareness , an account management team to drive customer outreach , upgrades and wallet share expansion , and both direct and channel sales talent . Those investments are already gaining traction ; proof of which is underpinned by our recently announced material customer wins we've had totaling $ 5.9 million in annual subscription and service revenue . Our M & A execution has also been highly successful and accretive . We have made three strategic acquisitions since March 2021 , adding valuable IP , talent , and both top and bottom - line growth . With a $ 75 million credit facility , we have the non - dilutive financial resources to maintain this cadence . The M & A pipeline is strong , and we continue to see compelling opportunities to redeploy our free cash flow . To that end , the Company will continue to evaluate , on an ongoing basis , how best to deploy its capital to ensure alignment with strategy and to maximize long term shareholder value creation . The changes and investments we made in FY2021 were foundational ; accomplished during an unprecedented pandemic that cast a palsy on the public markets we serve . To the credit of the entire company , we persevered , made incredible , transformational strides forward and look ahead to FY 2022 with optimism . We anticipate the coming year will be an exciting one for Sylogist as we execute our strategy and value creation accelerates on several fronts " concluded Mr. Wood .