Studies 60% ARR development over the primary quarter of prior fiscal 12 months
RALEIGH, N.C. , Could 23, 2022 /PRNewswire/ — Pendo, probably the most complete product-led platform, at this time introduced highlights from its first quarter, which ended April 30, 2022. Notable milestones embody a profitable annual digital adoption summit and higher-than-expected income for Pendo Undertake in its first quarter since launch. Pendo now counts greater than 2,500 paying clients and three,300 firms with Pendo Free accounts.
“The way forward for work is right here, and it is taking place in software program,” stated Todd Olson, CEO and co-founder of Pendo. “We’re excited concerning the early demand for Pendo Undertake and the great suggestions we have obtained from firms throughout industries who now perceive how their workers are utilizing software program at work and are taking motion to drive adoption of these apps and enhance worker productiveness.”
Highlights of the quarter embody:
Income and buyer development: Pendo grew ARR 60% year-over-year within the first quarter, with development pushed by record-breaking buyer growth and early momentum for Pendo Undertake. Pendo added new clients together with Roche Diagnostics, Checkmarx, Hootsuite, symplr, American Thrombosis and Hemostasis Community, XLM Inc., Guesty, France-based 360Learning, and Kokopelli Inc. of Japan. Clients like Okta and Mailchimp expanded their relationships with Pendo.
Product: Over the past quarter, Pendo shipped new merchandise, options and capabilities, together with:
- Pendo Undertake: The corporate launched Pendo Adopt – a brand new suite of merchandise that helps rework the best way workers work within the digital office. Pendo Undertake will be deployed throughout a whole portfolio of software program, from proprietary instruments constructed by inner groups to personalized off-the-shelf merchandise, serving to firms perceive how workers use software program at work and personalize the in-app expertise throughout apps. Undertake contains behavioral analytics, in-app messaging and guides, and actionable suggestions.
- Product Engagement Rating 2.0: An enhanced Product Engagement Rating (PES) function offers clients a extra actionable, significant, and secure metric for measuring how customers have interaction with their merchandise.
- Accessible in-app guides: Pendo launched a brand new functionality that allows each Pendo buyer to ship in-app messages that meet business pointers for accessible design.
Neighborhood: Pendo hosted its annual Guide: The Digital Adoption Summit, bringing collectively practically 1,500 forward-thinking IT and enterprise know-how leaders to find out about driving transformation within the digital office. Headliners included IT leaders from Asana, Silicon Valley Financial institution, Linksys, and E.L.F. Magnificence, together with bestselling writer and Harvard Enterprise Faculty professor Tsedal Neeley, who defined why a digital mindset, and a baseline of technical information, will probably be essential for enterprise leaders and their workers to thrive within the digital office.
Companions: Pendo now counts 20+ companions in its Reseller Partner Program (RPP). Reseller companions allow their clients to create in-app steerage to assist distinctive inner workflows, and to view analytics on how their groups use the companion’s product. By reselling Pendo to their clients, RPP companions speed up buyer onboarding and drive product adoption.
International momentum: The corporate printed its fourth annual State of Product Leadership Report in Europe, which explores developments impacting product administration and the evolution of the product supervisor function. The report discovered France main the best way in digital product management in Europe. Whereas product managers throughout Europe are turning to information insights to form their product roadmap, French product managers are probably the most progressive on this space. The report additionally included a collection of suggestions for European product groups to drive product-led digital transformation.
Headcount: Pendo noticed headcount development company-wide, including greater than 100 new workers throughout the quarter. New executives embody: Stan Zlotsky, head of strategic finance and investor relations; Jason McKerr, vice chairman of engineering; Peter Dunlap, vice chairman, channel; and Brian Walsh, normal supervisor, Pendo Interact. Moreover, Clay Miner was promoted to international vice chairman, gross sales and worth engineering. The corporate ended the quarter with greater than 950 workers, and 100+ job openings.
Awards: Pendo made the Inc. Finest Workplaces’ checklist for the fifth 12 months in a row, together with America’s Finest Startup Employers by Forbes and Finest Firm Outlook by Comparably. In recognition of its variety, fairness, and inclusion initiatives, Pendo earned a spot on Girls Affect Tech’s checklist of progressive firms empowering ladies in tech. Lastly, the corporate gained the 2022 Merchandise That Depend Award for Pleasant Person Journey and was named a frontrunner in product analytics, digital adoption, and enterprise software program in G2’s spring report.
Pendo’s mission is to raise the world’s expertise with software program. Pendo clients embody the world’s main software program firms and digital enterprises, together with Verizon, Morgan Stanley, LabCorp, OpenTable, Okta, Salesforce, and Zendesk. Based in 2013 within the coronary heart of Raleigh, North Carolina, Pendo is backed by Battery Ventures, Spark Capital, Meritech Capital, Sapphire Ventures and B Capital Group. By means of its Thoughts the Product and buyer communities, sponsored occasions and podcast, Pendo goals to assist the success of product and digital leaders in all places. For extra info, go to: www.pendo.io.