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            "text": "We churned 41 logos representing $3.9M ARR. Exit interviews attribute 14 losses to budget elimination (the customer retained no replacement vendor), 11 to consolidation onto a suite vendor, 9 to price, and 7 to product gaps — of which 5 named the absence of field-level audit history, which ships in the September release. The save desk retained 26 of 67 at-risk accounts (39% save rate, versus 31% last quarter) at a median concession of 12% for a median term extension of 14 months. Concession-adjusted, saved ARR carried a 96% net present value relative to list renewal, which supports continuing the program at current authority levels.",
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            "text": "Cohort behavior remains encouraging: the FY2024 cohort shows 121% cumulative net retention at month 24, against 109% for the FY2022 cohort at the same age. The difference is almost entirely seat expansion in accounts that adopted the API integration pack during onboarding — reinforcing the onboarding-scope changes rolled out in April.",
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                    "text": "Close the EMEA enterprise coverage gap: all four open AE seats accepted-offer by 31 July; interim coverage via two NA overlay reps continues through September.",
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                    "text": "Mid-market cycle-time program: introduce mutual close plans at stage 3 and a pre-approved security review packet; target median cycle back under 80 days by Q4.",
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