Board Academy, specialized in training and developing professionals to serve on advisory boards, announces significant results. In the first quarter of 2024, it recorded a record increase of 288%, consolidating its position towards the goal of surpassing R$50 million in revenue by the end of the year and reaching a net profit of R$15 million.valuationof R$ 250 million.
Since its creation in 2015, the company has played a key role in training professionals. Of the 3,1 thousand students graduated, 47% are active in the market. The achieved success is not by chance; the institution is dedicated to filling a gap in the sector, enabling advisors and assisting them in enhancing essential skills in governance, strategy, and leadership.
Next steps
The planning to achieve significant figures involves expanding the business alongside training programs, certification, and immersions. The approach includes expanding revenue from events and franchises. The idea is to open nine branches in capitals spread across Brazil later this year.
With substantial financial reserves, the founders also plan a series of acquisitions of companies with software useful for improving business governance management, such as ERPs, payment systems, CRM, and customer service software. Furthermore, they bet on a product called Board 360, in which the mentoring team accompanies the students for a year. With proprietary technology, innovation allows participants to accelerate their arrival at the boards.
For the second quarter of 2024, the company will face some challenges. Among them is the launch of a plan tostock optionsfor executives, aiming to provide long-term incentives. This strategy not only motivates the internal team but also attracts high-caliber talent, which is essential for the organization's ongoing success.
Innovations that drive growth
Created by Farias Souza and Eduardo Gomes, both with experience in executive education, retail, and counselor development, Board Academy stands out precisely for its capacity for innovation. In 2023, the company achieved growth of over 320%, primarily attributed to the development and certification pathway. Furthermore, hosting in-person events such as the Board Day, the Board Summit, and the Board Awards for over 1,200 participants has been a fundamental part of the process.
These meetings are entirely dedicated to the counselor's career and ideally complement the training programs offered. The strategic vision is clear: to target the more than 70,000 medium-sized organizations in Brazil that have the appropriate complexity to establish effective advisory boards.
As we move into 2024, our eyes are firmly set on the future, with ambitious expansion plans and the mission to continue empowering business advisors through high-quality education and constant innovation, says Farias Souza, CEO of the company.
