WalkMe Overview
WalkMe develops an enterprise guidance and engagement platform that enables website owners and software developers to create interactive on-screen guidance sequences to help users complete complex tasks. With WalkMe, businesses can save time and money on training and customer service while increasing revenue through higher conversion rates. WalkMe is most effective when used with the free WalkMe Analytics tool, a comprehensive web-based management utility that allows businesses to analyze and fine-tune their WalkMe sequences to match their users' needs. WalkMe has received more than 30 industry awards worldwide. The company was named the "Cloud100 World's Best Cloud Company" by Forbes and a cool vendor in "Cool Vendors in CRM Customer Service and Social, 2013" by the Gartner Research Group.
Cumulative Funding Raised Over Time ($)
$1.0MApr 2012
$12.0MApr 2014
$102.0MDec 2019
$177.0MJul 2017
$202.0MJun 2015
$252.0MMay 2016
$262.0MNov 2018
$267.5MOct 2012
$307.5MSep 2018
Latest News
growth-positive
WalkMe Offices - Tel Aviv | Office Snapshots
ON STUDIO has designed the new offices for WalkMe, a software company in Tel Aviv, focusing on creating a navigable and calm environment that enhances user experiences and collaboration. The design unifies vibrant colors and distinct spatial zones to improve the offices accessibility and atmosphere. The office spans 3,800 square meters on a single floor, necessitating a clear and unified color scheme to facilitate navigation. The design incorporates a light color palette and subtle material variations to create an open and bright atmosphere. Distinct flooring and lighting elements further define the space, enhancing the overall user experience.
הסטארטאפ הישראלי ai.work רוצה להכניס עובדי AI למחלקות כמו ה-HR, הפיננסים והאופרציה שלכם
growth-positive
WalkMe מציגה: טכנולוגיית ה-AI שתשנה את עולם העבודה
WalkMe, a company specializing in Digital Adoption Platform technology, has developed a new AI technology that aims to assist employees in their tasks. The technology understands the context and intent of tasks and proactively assists employees. Despite past concerns about the use of AI in organizations, WalkMes CEO, Dan Adika, assures that their technology understands the needs of the employee and the organization and assists precisely when needed, without requiring technical knowledge. WalkMe, established in 2011, employs about 1,000 people worldwide and counts major international companies such as Nestle, Siemens, and LinkedIn among its customers.
Customers
Growth-Positive
SAP acquiring digital adoption platform WalkMe for $1.5 billion | CTech
Enterprise software company SAP is acquiring Israeli firm WalkMe for $1.5 billion in an all-cash deal. The offer represents a 45% premium as WalkMe was valued at less than $880 million. WalkMe, which went public on Nasdaq in June 2021 at a $2.5 billion valuation, has developed a platform for adopting digital technologies without additional coding. The company underwent several rounds of layoffs last year, parting ways with 112 employees in April and 43 employees at the start of 2023. WalkMe will be integrated into SAPs development center in Israel.
AcquisitionLayoffs
growth-positive
WalkMe Sets the Stage for Powering Successful AI Transformation at Industry Analyst Day
WalkMe Ltd., a leading provider of digital adoption solutions, has successfully concluded its annual Industry Analyst Day. The event focused on the rapidly evolving digital adoption platform (DAP) space, with a special emphasis on generative AI. WalkMes unique approach to AI adoption and its patented technology positions the company well for the rapidly expanding generative AI market. The company also announced its annual flagship event, Realize, which will share announcements about its new generative AI offering. The event will bring together changemakers, customers, and partners to demonstrate what WalkMe can do for them.
CustomersPartners
| Sector | Business Software |
Funding
| Total funding | $593.5M |
| Last funding | $286M |
| Stage | Public |
| Rounds | 10 |
| Investors | 10 |
Team Members
5
Employees: 500+
Web & Social Links
| Website | www.walkme.com |
| Careers | Careers page |
Locations
Walter Moses Street 1, Tel Aviv-Yafo, Israel
555 Fayetteville Street, Raleigh, NC, USA
1 Canada Square, Canary Wharf, London, UK
1 Temasek Ave, Singapore 039192
Le Belvédère, 1-7 Cr Valmy, 92800 Puteaux, France
9 Chome-7 Akasaka, Minato City, Tokyo 107-6218, Japan
Playfair Street, The Rocks NSW, Australia
71 Stevenson Street, San Francisco, CA, USA
Photos & Videos
3 item(s)
WalkMe Business
Business models
B2B
Product stage
Released
Employees
500+
Sector
Business SoftwareIT, R&D & Data SolutionsProduct Development ToolsSoftware Development ToolsSales & Marketing Solutionse-Commerce ToolsTarget Customer
Enterprise & Professional ServicesCore Technology
Platforms & InterfacesWebTags (6)
web-applicationweb-platformenterprise-solutionscrmcustomer-servicebig-dataWalkMe Financials
$593.5M
Total funding
Undisclosed
Capital raised
$286M
Last funding
Public
Funding stage
10
Total rounds
10
Investors
Cumulative Funding Raised Over Time ($)
$1.0MApr 2012
$12.0MApr 2014
$102.0MDec 2019
$177.0MJul 2017
$202.0MJun 2015
$252.0MMay 2016
$262.0MNov 2018
$267.5MOct 2012
$307.5MSep 2018
Private Equity Funding
Undisclosed Round
Dec 2019
$90M
Vitruvian Partners (Lead)
,
Insight Partners
F Round
Nov 2018
$10M
EDBI
F Round
Sep 2018
$40M
New Venture Partners, Mangrove Capital Partners
F Round
Jul 2017
$75M
Insight Partners
E Round
May 2016
$50M
Insight Partners, Greenspring Associates, Scale Venture Partners
D Round
Jun 2015
$25M
Flint Capital, Greenspring Associates, Gemini, Scale Venture Partners, Giza Venture Capital
C Round
Apr 2014
$11M
Giza Venture Capital, Mangrove Capital Partners, Gemini, Scale Venture Partners
B Round
Oct 2012
$5.5M
Gemini, Giza Venture Capital, Mangrove Capital Partners
A Round
Apr 2012
$1M
Mangrove Capital Partners
Public Offering / Exit
MNAEvent
Jun 2024
$1.5B
POEvent
Jun 2021
Undisclosed
Mergers & Acquisitions
MNAEvent
Nov 2021
Undisclosed
MNAEvent
Apr 2021
Undisclosed
MNAEvent
Jun 2018
Undisclosed
MNAEvent
Apr 2017
Undisclosed
MNAEvent
Jan 2017
Undisclosed
WalkMe Lifecycle
Cumulative Funding Raised Over Time
$1.0MApr 2012
$12.0MApr 2014
$102.0MDec 2019
$177.0MJul 2017
$202.0MJun 2015
$252.0MMay 2016
$262.0MNov 2018
$267.5MOct 2012
$307.5MSep 2018
All Events
Undisclosed Round
Dec 2019
$90M
Vitruvian Partners (Lead)
,
Insight Partners
F Round
Nov 2018
$10M
EDBI
F Round
Sep 2018
$40M
New Venture Partners, Mangrove Capital Partners
F Round
Jul 2017
$75M
Insight Partners
E Round
May 2016
$50M
Insight Partners, Greenspring Associates, Scale Venture Partners
D Round
Jun 2015
$25M
Flint Capital, Greenspring Associates, Gemini, Scale Venture Partners, Giza Venture Capital
C Round
Apr 2014
$11M
Giza Venture Capital, Mangrove Capital Partners, Gemini, Scale Venture Partners
B Round
Oct 2012
$5.5M
Gemini, Giza Venture Capital, Mangrove Capital Partners
A Round
Apr 2012
$1M
Mangrove Capital Partners
MNAEvent
Jun 2024
$1.5B
POEvent
Jun 2021
Undisclosed
MNAEvent
Nov 2021
Undisclosed
MNAEvent
Apr 2021
Undisclosed
MNAEvent
Jun 2018
Undisclosed
MNAEvent
Apr 2017
Undisclosed
MNAEvent
Jan 2017
Undisclosed
WalkMe News
102 articles
growth-positive
WalkMe Offices - Tel Aviv | Office Snapshots
ON STUDIO has designed the new offices for WalkMe, a software company in Tel Aviv, focusing on creating a navigable and calm environment that enhances user experiences and collaboration. The design unifies vibrant colors and distinct spatial zones to improve the offices accessibility and atmosphere. The office spans 3,800 square meters on a single floor, necessitating a clear and unified color scheme to facilitate navigation. The design incorporates a light color palette and subtle material variations to create an open and bright atmosphere. Distinct flooring and lighting elements further define the space, enhancing the overall user experience.
הסטארטאפ הישראלי ai.work רוצה להכניס עובדי AI למחלקות כמו ה-HR, הפיננסים והאופרציה שלכם
growth-positive
WalkMe מציגה: טכנולוגיית ה-AI שתשנה את עולם העבודה
WalkMe, a company specializing in Digital Adoption Platform technology, has developed a new AI technology that aims to assist employees in their tasks. The technology understands the context and intent of tasks and proactively assists employees. Despite past concerns about the use of AI in organizations, WalkMes CEO, Dan Adika, assures that their technology understands the needs of the employee and the organization and assists precisely when needed, without requiring technical knowledge. WalkMe, established in 2011, employs about 1,000 people worldwide and counts major international companies such as Nestle, Siemens, and LinkedIn among its customers.
Customers
Growth-Positive
SAP acquiring digital adoption platform WalkMe for $1.5 billion | CTech
Enterprise software company SAP is acquiring Israeli firm WalkMe for $1.5 billion in an all-cash deal. The offer represents a 45% premium as WalkMe was valued at less than $880 million. WalkMe, which went public on Nasdaq in June 2021 at a $2.5 billion valuation, has developed a platform for adopting digital technologies without additional coding. The company underwent several rounds of layoffs last year, parting ways with 112 employees in April and 43 employees at the start of 2023. WalkMe will be integrated into SAPs development center in Israel.
AcquisitionLayoffs
growth-positive
WalkMe Sets the Stage for Powering Successful AI Transformation at Industry Analyst Day
WalkMe Ltd., a leading provider of digital adoption solutions, has successfully concluded its annual Industry Analyst Day. The event focused on the rapidly evolving digital adoption platform (DAP) space, with a special emphasis on generative AI. WalkMes unique approach to AI adoption and its patented technology positions the company well for the rapidly expanding generative AI market. The company also announced its annual flagship event, Realize, which will share announcements about its new generative AI offering. The event will bring together changemakers, customers, and partners to demonstrate what WalkMe can do for them.
CustomersPartners
Neutral
Private equity firms account for 69% of WalkMe Ltd.'s (NASDAQ:WKME) ownership, while institutions account for 16%
WalkMe Ltd. is primarily owned by private equity firms, which hold 69% of the companys shares. The top four shareholders, including Insight Venture Management, StepStone Group LP, and Scale Management, own 56% of the company. Institutional investors make up 16% of the shareholders, while the general public holds a 12% stake. CEO Dan Adika owns 0.6% of the companys shares. The ownership structure suggests that key decisions are influenced by these major shareholders.
Investment
Neutral
WalkMe Announces Date of First Quarter 2024 Financial Results and Conference Call
WalkMe Ltd., a leading provider of digital adoption solutions, announced it will release its first quarter and full year 2024 financial results on May 22, 2024. The company will host a webcast to discuss its business and financial performance. WalkMes AI-driven platform identifies where people experience friction in their tech stack and delivers personalized guidance and automation to improve workflow. Customers like IBM, Nestle, ThermoFisher Scientific, and the U.S. Dept. of Defense trust WalkMe to create people-centric experiences that boost the effectiveness of their workflows and maximize software ROI.
Public Trading
growth-positive
WalkMe Cements Category Leadership with Continued AI Innovation, Industry Recognition, and Financial Growth
WalkMe Inc., a leading provider of digital adoption solutions, has announced significant achievements in its field, including AI-centric product innovations, superior customer service reviews, and continued financial growth. The company has been recognized as a leader in the IDC MarketScape Worldwide Digital Adoption Platforms 2024 report. WalkMe has also improved its financial position, generating positive free cash flow for 2023 and reaching non-GAAP operating profit in 3Q23. The company has expanded its reach by making its Digital Adoption Platform available on the AWS Marketplace and has also strengthened its global partner ecosystem, collaborating with industry leaders such as Deloitte, Accenture, and AWS.
CustomersPartnersExpand
growth-positive
Model N (MODN) Moves 10.1% Higher: Will This Strength Last?
Model N shares increased by 10.1% in the last trading session, closing at $29.82. This is due to a definitive buyout agreement with Vista Equity Partners, who will acquire Model N for approximately $1.25 billion. The acquisition will provide immediate cash value to stockholders and align with Model Ns long-term objectives. It will also provide Model N with enhanced resources, positioning it for sustained growth and market leadership. Vistas recognition of Model Ns expertise in revenue management solutions for Life Sciences and advanced technology industries further solidifies the strategic fit.
AcquisitionPartners
Neutral
WalkMe Ltd. Files Annual Report on Form 20-F
WalkMe Ltd., a leading provider of digital adoption solutions, has filed its annual report on Form 20-F for the fiscal year ended December 31, 2023 with the Securities and Exchange Commission. The report can be accessed on the companys investor relations website or on the SECs website. WalkMes AI-driven platform identifies where people experience friction in their tech stack and provides personalized guidance and automation to improve workflow. Customers include IBM, Nestle, ThermoFisher Scientific, and the U.S. Dept. of Defense.
Public Trading
Growth-Positive
WalkMe to Present at Upcoming Investor Conference
WalkMe Ltd., a leading provider of digital adoption solutions, announced that its management team will participate in the Citizens JMP Technology Conference on March 5, 2024. The presentations will be webcast live on the investor relations section of WalkMe’s website. WalkMes Digital Adoption Platform (DAP) helps companies navigate the constant change brought on by technology. It drives enterprise productivity and reduces risk by ensuring consistent, responsible, and efficient adoption of software and the workflows it powers. Customers like IBM, Nestle, ThermoFisher Scientific, and the U.S. Dept. of Defense trust WalkMe to create the people-centric experiences required to boost the effectiveness of their workflows and maximize software ROI.
Management Changes
Growth-Negative
WalkMe (NASDAQ:WKME) Posts Q4 Sales In Line With Estimates But Full-Year Guidance Underwhelms
WalkMe, a user support software provider, reported Q4 FY2023 results in line with analysts expectations, with revenue up 4.7% YoY to $67.89 million. However, the companys Q1 2024 revenue guidance of $68.1 million was 1.4% below analysts estimates. The company also turned a non-GAAP profit of $0.07 per share, improving from its loss of $0.11 per share in the same quarter last year. Despite these results, the companys full-year revenue guidance for 2024 was below expectations, suggesting a slowdown in demand.
CustomersPublic Trading
growth-positive
WalkMe (WKME) Tops Q4 Earnings and Revenue Estimates
WalkMe reported a quarterly earnings of $0.07 per share, surpassing the Zacks Consensus Estimate of $0.01 per share. This is a significant improvement from a loss of $0.10 per share a year ago. The company, which operates a cloud-based digital adoption platform, also reported revenues of $67.89 million for the quarter ended December 2023, beating the Zacks Consensus Estimate by 0.98%. Despite these positive results, WalkMe shares have lost about 4.8% since the beginning of the year. The companys future performance will depend on managements commentary on the earnings call and future earnings expectations.
Public Trading
growth-positive
WalkMe Ltd. Announces Fourth Quarter and Full Year 2023 Financial Results
WalkMe Inc. has reported a transformational year in 2023, becoming a profitable company for the first time. The company generated $11.5M and a 4% margin in FCF, compared to a cash burn of $53.9M the previous year. The companys subscription revenue was $248 million, an increase of 12% year-over-year. Total revenue was $267 million, an increase of 9% year-over-year. The company plans to double its net new ARR in 2024 to drive double-digit ARR growth in 2024 and accelerate revenue growth in 2025.
CustomersInvestment
Growth-Negative
WalkMe (WKME) Q4 Earnings: What To Expect
WalkMe, a user support software provider, is set to report its Q4 earnings. In the previous quarter, the company reported revenues of $67.02 million, a 5.8% YoY increase, but missed analyst expectations by 0.6%. This quarter, analysts expect WalkMes revenue to grow 4.2% YoY to $67.59 million, slowing down from the 21.8% YoY increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.03 per share. The companys stock is down 1.2% over the last month, heading into the earnings with an analyst price target of $13.3, compared to a share price of $10.4.
Customers
growth-positive
WalkMe Introduces Workflow Accelerators to Eliminate Friction in Workflows
WalkMe Inc., a leading provider of digital adoption solutions, has unveiled Workflow Accelerators, a set of predefined solutions for eliminating friction in key workflows. The Workflow Accelerators are based on best practices and insights from over 600,000 deployments and 7 billion annual user interactions across 2,000 global enterprises. They identify common places users run into trouble and provide fully-customizable templates that contain predefined WalkMe in-app guidance, automations, data validation, and more. The new approach to digital adoption allows businesses to optimize workflows, maximize software investments, and manage the constant cycle of technology change.
CustomersExpand
growth-positive
Enterprises losing more than $1M a week through inefficient technology use, WalkMe report reveals
WalkMe Ltd., a leading provider of digital adoption solutions, has released a report showing that a lack of best practice in digital adoption is costing organizations an average of $1.14M a week in lost productivity. The report also revealed that investment in digital adoption has risen by 63% year-over-year. Enterprises that have fully embraced digital adoption best practices are saving an average of $4.9M a month in reduced costs. The report suggests that those who do not embrace digital adoption will be in an unsustainable position by 2028.
Investment
Neutral
WalkMe Announces Date of Fourth Quarter and Full Year 2023 Financial Results and Conference Call
WalkMe Ltd., a leading provider of digital adoption solutions, has announced that it will release its fourth quarter and full year 2023 financial results on February 21, 2024. The company will host a webcast on the same day to discuss its business and financial performance. An archived version of the webcast will be available on the companys investor relations website approximately one hour after the live call.
Public Trading
growth-positive
Jim Nairn of WalkMe Recognized as 2024 CRN® Channel Chief
WalkMe Inc., a leading provider of digital adoption solutions, announced that Jim Nairn, Senior Vice President of Strategic Alliances at WalkMe, has been named to the prestigious 2024 CRN® Channel Chiefs list. This list recognizes the IT vendor and distribution executives who are driving strategy and setting the channel agenda for their companies. Nairn has been instrumental in growing WalkMes partner initiatives and recently launched the Propel Partner Program, aimed at harnessing the rapidly-expanding Digital Adoption Platform (DAP) market, unlocking enterprise-scale revenue streams, and delivering unparalleled, personalized digital experiences to joint customers.
Management ChangesPartners
growth-neutral
Estimating The Fair Value Of WalkMe Ltd. (NASDAQ:WKME)
WalkMe Ltd.s estimated fair value is US$12.98 based on a 2 Stage Free Cash Flow to Equity model. The current share price of US$10.64 suggests WalkMe is potentially trading close to its fair value. The DCF model was used to estimate the intrinsic value of WalkMe by taking the expected future cash flows and discounting them to todays value. The company appears about fair value at an 18% discount to where the stock price trades currently. However, valuations are imprecise instruments and a small change in assumptions can lead to a different result.
Investment
growth-negative
Q3 Rundown: WalkMe (NASDAQ:WKME) Vs Other Sales And Marketing Software Stocks
WalkMe, a sales and marketing software company, reported a weak Q3 with revenues of $67.02 million, up 5.8% year on year, but falling short of analyst expectations by 0.6%. The companys revenue guidance for the next quarter and full-year also missed analysts expectations. Despite this, the companys stock is up 8.3% since the results. WalkMes CEO, Dan Adika, stated that the company achieved profitability ahead of schedule and is well positioned to help organizations drive productivity and manage change.
Customers
growth-positive
WalkMe Survey Shows Half of Workers Don’t File Expense Reports, Leaving Billions of Dollars on the Table
WalkMe Inc., a provider of digital adoption solutions, has released survey results indicating that nearly half of global workers do not file expense reports for money owed to them, leaving billions of dollars unclaimed. The survey found that 48% of workers experience job stress due to work expenses, and 28% claim that unreimbursed expenses negatively impact their financial situation. The survey also revealed that 79% of workers face challenges when filing work-related expenses, with time-consuming paperwork being the top issue. WalkMe suggests that creating a frictionless experience for employees to reduce paperwork and time spent on expense reporting is a key part of the reimbursement process.
Customers
Neutral
WalkMe Survey Shows Half of Workers Don't File Expense Reports, Leaving Billions of Dollars on the Table
WalkMe Inc., a leading provider of digital adoption solutions, has released a survey showing that nearly half of workers globally are not filing expense reports for money owed to them, leaving billions of dollars unclaimed. The survey found that 48% of workers say that work expenses create job stress, and 28% say that unreimbursed expenses are negatively impacting their financial situation. The survey also found that 79% of workers experienced challenges when filing work-related expenses, with the top issue being time-consuming paperwork. One-third blamed their company’s cumbersome expense reimbursement process as a reason for not filing.
Customers
Neutral
While individual investors own 18% of WalkMe Ltd. (NASDAQ:WKME), private equity firms are its largest shareholders with 64% ownership
WalkMe Ltd. is majorly owned by private equity firms, with 64% ownership. Insight Venture Management, LLC is the largest shareholder, owning 27% of shares. The second and third largest shareholders hold 12% and 11% of the shares, respectively. Individual investors account for 18% of the companys stockholders. The CEO, Dan Adika, has 0.7% of the shares allocated to his name. The top 4 shareholders own 57% of the shares. The general public, mostly individual investors, have 18% ownership. The article suggests that the large stake of private equity firms could influence the WalkMe board.
Investment
growth-positive
Wall Street Analysts Think WalkMe (WKME) Could Surge 42.87%: Read This Before Placing a Bet
WalkMes stock price has seen a 5.4% increase over the past four weeks, closing at $9.40 in the last trading session. Wall Street analysts have set a mean price target of $13.43 for the stock, indicating a potential 42.9% upside. The companys earnings prospects have also seen increasing optimism among analysts, with the Zacks Consensus Estimate for the current year increasing by 9.9% over the past month. WalkMe currently has a Zacks Rank #2 (Buy), indicating potential upside in the near term.
Public Trading
Growth-Positive
WalkMe Enhances Customer Access with Availability on AWS Marketplace
WalkMe, a leading provider of digital adoption solutions, has announced the availability of its Digital Adoption Platform (DAP) on the AWS Marketplace. This move extends its market reach and provides customers with enhanced accessibility to its digital adoption solutions. Businesses can now invest in DAP using their AWS account credits, simplifying the purchase process. The availability of WalkMe on the AWS Marketplace also benefits customers with simplified procurement processes, expedited software deployment, and the assurance of working with trusted vendors.
PartnersCustomersInvestment
growth-positive
WalkMe Enhances Customer Access with Availability on AWS Marketplace
WalkMe Inc., a leading provider of digital adoption solutions, has announced the availability of its Digital Adoption Platform (DAP) on the AWS Marketplace. This move extends its market reach and provides customers with enhanced accessibility to its digital adoption solutions. Businesses can now invest in DAP using their AWS account credits, simplifying the purchase process. The companys partnership with AWS is expected to help more businesses overcome their digital transformation challenges and achieve maximum ROI from their technology investments.
PartnersCustomersExpand
growth-positive
WalkMe (WKME) Upgraded to Buy: Here's Why
WalkMe has been upgraded to a Zacks Rank #2 (Buy) due to an upward trend in earnings estimates. The Zacks rating system is based on a companys changing earnings picture and tracks EPS estimates for the current and following years from sell-side analysts. The rating upgrade for WalkMe is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price. The company is expected to earn -$0.01 per share for the fiscal year ending December 2023, which represents a year-over-year change of 98.5%.
Investment
Growth-Positive
WalkMe to Present at Upcoming Investor Conference
WalkMe Ltd., a leading provider of digital adoption solutions, announced that its management team will participate in the Wells Fargo TMT Summit on November 29, 2023. The presentations will be webcast live on the investor relations section of WalkMe’s website. WalkMe’s cloud-based Digital Adoption Platform enables organizations to measure, drive and act to accelerate their digital transformations and better realize the value of their software investments. The platform provides visibility to an organization’s Chief Information Officer and business leaders, while improving user experience, productivity and efficiency for employees and customers.
Public Trading
growth-positive
Q3 2023 Walkme Ltd Earnings Call
WalkMe Ltd. held its Q3 2023 earnings call, reporting profitability on a non-GAAP basis for the first time, generating $1.6 million in operating profit and driving free cash flow to over $6 million. Subscription revenue grew by 10% YoY to over $62 million. The company added 11 DAP customers, reaching a new high of 194 and gained another over $1 million ARR customers reaching a previous high of 39. The company also launched its enterprise-grade partner program, Propel, and has been certified for the AWS marketplace.
CustomersPartnersManagement Changes
growth-positive
WalkMe Announces Winners of Annual Realizer Awards
WalkMe Inc., a leading provider of digital adoption solutions, has announced the winners of its annual Realizer Awards. The awards celebrate companies and individuals using and evangelizing digital adoption to realize the full potential of technology to deliver business value. This year, WalkMe received hundreds of submissions from more than 70 customers around the world. The winners were Ivy Tech Community College of Indiana for Best Customer Experience, Nestlé for Best Employee Experience, Splunk for Best Transformational Business Impact, and Neerja Katwala of ServiceNow for Digital Adoption Professional of the Year.
Customers
growth-positive
WalkMe Ltd. Announces Third Quarter 2023 Financial Results
WalkMe Inc. has announced its Q3 2023 financial results, highlighting a record Non-GAAP operating income of $1.6M, a significant improvement from a loss of $12.5M in the previous year. The company also reported positive free cash flow of $6.2M and a 9% FCF margin. Total revenue was $67.0 million, a 6% increase year-over-year. WalkMe added 11 new Enterprise-Wide DAP customers during the quarter, bringing the total to 194. The company also launched Propel, a program for partners, and hosted the Realize event with presentations from Nestlé, Cisco, Gap Inc., ServiceNow, and Deloitte Consulting LLP.
CustomersPartners
Growth-Negative
WalkMe (NASDAQ:WKME) Reports Sales Below Analyst Estimates In Q3 Earnings
WalkMe reported Q3 FY2023 earnings, with revenue up 5.8% YoY to $67.02 million, falling short of analysts expectations. The companys Q4 revenue guidance of $67.5 million also came in 2.6% below analysts estimates. However, WalkMe made a GAAP loss of $0.10 per share, an improvement from its loss of $0.27 per share in the same quarter last year. The companys gross margin was 84.6%, up from 78.6% in the same quarter last year. Despite the revenue miss, CEO Dan Adika stated that the company achieved its goal of reaching profitability ahead of schedule.
Customers
growth-negative
WalkMe (WKME) Q3 Earnings Report Preview: What To Look For
WalkMe, a user support software provider, is set to report its Q3 earnings. In the last quarter, the company reported revenues of $66.16 million, a 10.4% YoY increase, which was in line with analyst expectations. However, the full-year revenue guidance fell short of analysts expectations. For this quarter, analysts expect WalkMes revenue to grow 6.4% YoY to $67.41 million, a slowdown from the 25.2% YoY increase in revenue recorded in the same quarter last year. The companys share price has declined 2.7% over the last month, while WalkMes shares are up 6.8% during the same period.
CustomersPublic Trading
growth-negative
Israeli SaaS Company WalkMe Drags SoftBank-Backed Whatfix To Court
SaaS startup Whatfix is being sued by its rival, WalkMe, for allegedly gaining unauthorized access to its systems to interfere with customer relationships and making misleading advertising claims. WalkMe also claims that Whatfix used its design mark without permission. The lawsuit was filed in the United States District Court for the Northern District of California. The case comes as Whatfix reported a net loss of INR 328.33 Cr in FY23, a 53% decrease from a loss of INR 706.26 Cr in FY22.
CustomersPartners
growth-positive
WalkMe Announces Key Leadership Appointment to Meet Continued Accelerated Digital Adoption Demand in EMEA
WalkMe Inc., a leading provider of digital adoption solutions, has appointed Ofir Hatsor as Senior Vice President of EMEA Sales. Hatsor, who previously served as the CEO of DGTL Ventures, one of WalkMe’s strongest implementation partners in the EMEA region, will lead WalkMe’s EMEA sales efforts. He will lead dedicated sales teams in London, Paris, and Munich to meet the increasing demand for WalkMe’s Digital Adoption Platform (DAP). The appointment aligns with the 3.7% rise in IT spending across EMEA, as forecasted by Gartner for 2023.
Management ChangesPartners
Neutral
WalkMe Announces Date of Third Quarter 2023 Financial Results and Conference Call
WalkMe Ltd., a leading provider of digital adoption solutions, announced it will release its third quarter 2023 financial results on November 14, 2023. The company will host a conference call and webcast to discuss its business and financial performance. WalkMes Digital Adoption Platform enables organizations to measure, drive and act to accelerate their digital transformations and better realize the value of their software investments.
Public Trading
growth-positive
WalkMe (NASDAQ:WKME) Is In A Strong Position To Grow Its Business
WalkMe, a NASDAQ-listed company, is being evaluated for its cash burn rate. The company had a cash reserve of $251m as of June 2023 and was debt-free. Its cash burn over the trailing twelve months was $25m, indicating a long cash runway. However, analysts predict that WalkMe will break even before exhausting its cash reserves. The companys cash burn has decreased by 61% over the last year, and it has also shown a revenue growth of 18% in the same period. WalkMes cash burn of $25m is about 3.1% of its $783m market capitalisation, suggesting that it could easily raise more funds if needed.
Investment
Growth-Positive
WalkMe Recognizes Outstanding Partners with Annual Propel Partner Awards
WalkMe Inc., a leading provider of digital adoption solutions, announced the winners of its first annual Propel Partner Awards. The awards honor partners who have demonstrated exemplary performance, collaboration, and commitment to delivering outstanding solutions to clients across various regions and industries. The winners include Deloitte, SolutionsATI, SAP Concur, Charlton House, Red River, and The Big Middle. These partners have been recognized for their dedication, innovation, and collaboration in delivering outstanding solutions to WalkMes clients.
Partners
growth-positive
WalkMe Launches Propel Partner Program to Support Growing Demand for Digital Adoption Technology Worldwide
WalkMe Inc., a leading provider of digital adoption solutions, has announced the launch of Propel, a new partner program. The program is designed to give global and regional services integrators and ISV/tech alliance partners a head-start in the rapidly-expanding Digital Adoption Platform (DAP) market. The program offers four levels of participation and is expected to drive expansion into global markets. It also provides partners with dedicated training and certification, financial rewards, and a new partner portal. The program is expected to help partners unlock enterprise-scale revenue streams and deliver consistently brilliant, personalized, and responsive digital experiences for joint customers.
PartnersExpand
growth-positive
WalkMe Publishes Inaugural Environmental, Social, and Governance Report
WalkMe Ltd., a leading provider of digital adoption solutions, has published its first environmental, social, and governance (ESG) report. The report highlights the companys progress and commitment to ESG initiatives, including increasing the number of women in leadership roles, establishing core company values, creating Employee Resource Groups (ERGs), and achieving high data security and privacy standards. The company also revealed that its customers will realize a 3-year ROI of 494% through a 60% reduction in support tickets, 40% reduced business errors, and $41.5 in new annual revenue.
CustomersManagement Changes
growth-positive
WalkMe Named A Leader and A Star Performer in Everest Group Digital Adoption Platform PEAK Matrix® Assessment 2023 for Fourth Consecutive Year
WalkMe Inc., a creator of Digital Adoption Platforms, has been named a Leader and a Star Performer in the Everest Group Digital Adoption Platform Products PEAK Matrix® assessment 2023. This is the fourth consecutive year WalkMe has secured placement in the top category. The companys commitment to innovation, with 24 patents granted and 28 pending, was highlighted in the report. WalkMes platform has been praised for its advanced analytics and dashboarding capabilities. Customers have praised the products ease of use and customer support.
Customers
growth-positive
Wall Street Analysts Believe WalkMe (WKME) Could Rally 33.44%: Here's is How to Trade
Shares of WalkMe (WKME) have seen a 21.5% increase over the past four weeks, closing the last trading session at $9.60. Wall Street analysts short-term price targets suggest a potential upside of 33.4%, with the mean estimate at $12.81. While the consensus price target is a sought-after tool by investors, its reliability has been questioned. However, the agreement among analysts that WalkMe will report better earnings than earlier estimated strengthens the view of a potential upside. The Zacks Consensus Estimate for the current year has increased 19.3% over the past month, with WKME currently holding a Zacks Rank #2 (Buy).
Public Trading
growth-positive
WalkMe Supports the Acceleration of NEC’s Corporate Digital Transformation by Advancing Digital Experiences and Improving Work Efficiency of Employees
WalkMe Inc., a leading provider of digital adoption solutions, has announced that NEC Corporation has implemented WalkMe to drive the utilization of purchasing, procurement, and customer management systems as part of its digital transformation initiatives. With WalkMe, NEC has improved business processes with a 75% reduction in employee support tickets and a 70% decrease in returned SAP Ariba submissions. The implementation of WalkMe has also boosted employee satisfaction and reduced the burden on support staff. NEC is focusing on the digital experience for employees, streamlining its business operations, and building a more employee-friendly work environment.
CustomersPartners
growth-positive
WalkMe and Deloitte India Enter Strategic Alliance to Drive Digital Adoption across Enterprises in India
WalkMe Inc. has entered into an alliance agreement with Deloitte India to help organizations in India achieve their digital transformation goals. The alliance aims to maximize the impact of technology investments and provide digital adoption solutions to clients. WalkMe is a leading provider of digital adoption solutions with over 35 million users worldwide. According to an IDC study, companies using a Digital Adoption Platform (DAP) have seen a 494% three-year return on investment. The alliance with Deloitte India will help organizations in India reach their digital transformation goals by leveraging WalkMes DAP technologies. The pandemic has accelerated the need for businesses to reimagine how employees interact with applications and leverage digital transformation for collaboration.
Partners
growth-positive
WalkMe Announces Speaker Lineup for Annual Digital Adoption Event, Realize
WalkMe Ltd is hosting its annual virtual event, WalkMe Realize, featuring industry leaders from companies like Cisco, Gap, ServiceNow, TUI, and Veolia. The event will focus on digital adoption platform (DAP) strategy and execution. WalkMe Realize will also announce the finalists for the 2023 Realizer Awards, which recognize innovative DAP deployments. The event aims to help organizations tap into the value that DAP provides and accelerate their digital transformations. WalkMes DAP has shown a 494% three-year return on investment, faster user adoption, and faster time-to-market. The event will showcase how customers and partners are using WalkMe to drive value from their IT investments. WalkMes cloud-based platform improves user experience, productivity, and efficiency for employees and customers.
CustomersPartners
growth-positive
WalkMe (WKME) Upgraded to Buy: Here's What You Should Know
WalkMe has received an upgrade to a Zacks Rank #2 (Buy), indicating positivity about its earnings outlook. The change in earnings estimates and the consequent rating upgrade suggest an improvement in WalkMes underlying business, which could lead to an increase in its stock price. The Zacks Rank stock-rating system, which tracks earnings estimate revisions, has a strong correlation with near-term stock movements. WalkMe is expected to earn -$0.10 per share for the fiscal year ending December 2023, with analysts steadily raising their estimates for the company. The Zacks rating system maintains an equal proportion of buy and sell ratings for its stocks, with only the top 5% receiving a Strong Buy rating. WalkMes upgrade to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks, indicating its superior earnings estimate revision feature.
Customers
growth-positive
Does WalkMe (WKME) Have the Potential to Rally 44.91% as Wall Street Analysts Expect?
WalkMes stock has the potential for upside growth based on short-term price targets set by Wall Street analysts. The mean price target of $12.81 indicates a 44.9% potential upside. While price targets should be treated with skepticism, strong agreement among analysts about the companys ability to report better earnings than previously predicted strengthens the view of potential upside. WalkMe has seen an increase in the Zacks Consensus Estimate for the current year, indicating growing optimism over the companys earnings prospects. With a Zacks Rank #2 (Buy), WalkMe is in the top 20% of stocks ranked based on earnings estimates. While the consensus price target may not be a reliable indicator, the direction of price movement it implies appears to be a good guide.
Public Trading
growth-positive
Q2 2023 Walkme Ltd Earnings Call
WalkMe Ltd. reported its Q2 2023 earnings, highlighting a positive quarter with the company becoming free cash flow positive two quarters ahead of expectations. The company reported revenue of $66 million, just above the high end of their guidance range. WalkMe also expanded its enterprise accounts, growing its $1 million-plus accounts to a total of 38. The company also reported advancements in AI and product innovation, and a strong cash position of over $300 million. WalkMe also expanded its global agreement with Deloitte to now include New Zealand and India.
CustomersPartnersManagement Changes
WalkMe Ltd. Announces Second Quarter 2023 Financial Results
growth-positive
WalkMe (WKME) Reports Break-Even Earnings for Q2
WalkMe reported break-even quarterly earnings per share, surpassing the Zacks Consensus Estimate of a loss of $0.07. This compares to a loss of $0.19 per share a year ago. The company, which operates a cloud-based digital adoption platform, posted revenues of $66.16 million for the quarter ended June 2023, surpassing the Zacks Consensus Estimate by 1.13%. This compares to year-ago revenues of $59.94 million. However, WalkMe shares have lost about 29.3% since the beginning of the year.
Public Trading
Neutral
Calculating The Intrinsic Value Of WalkMe Ltd. (NASDAQ:WKME)
WalkMe Ltd.s estimated fair value is US$6.68 based on a 2 Stage Free Cash Flow to Equity model. The current share price of US$7.90 suggests WalkMe is potentially trading close to its fair value. The US$12.94 analyst price target for WKME is 94% more than the estimate of fair value. The valuation is based on the forecast future cash flows of the company and discounting them back to todays value. The calculation is very dependent on two assumptions - the discount rate and the cash flows. The company is currently debt-free and is forecast to reduce losses next year.
Public Trading
growth-positive
WalkMe and Deloitte New Zealand Enter Strategic Alliance to Bring Digital Adoption Best Practices to More New Zealand Enterprises
WalkMe Ltd., a leading provider of digital adoption solutions, has announced a partnership with Deloitte New Zealand. Deloitte is investing in a team in New Zealand to make technology adoption solutions widely available to clients across the region. The partnership aims to help organizations realize the rapid results that digital transformation strategies can deliver through efficient, effective, and sustained adoption of digital technologies. WalkMe has more than 35 million users in over 160 countries and 80% of the Fortune 10, making it a pioneer of DAP technologies.
Partners
Growth-Positive
Digital Adoption in Demand as Professionals Offered $100,000+ a Year, WalkMe Research Reveals
WalkMe Inc., a leading provider of digital adoption solutions, has revealed the results of a survey showing that Digital Adoption Professionals earn more than IT and HR managers. The survey showed that demand for these professionals is increasing, with organizations offering an average salary of $108,780. The IT and financial services sectors offer the most opportunities for these roles. The US leads in advertising for digital adoption roles, responsible for 74% of all reviewed positions. WalkMes Chief Marketing Officer, Adriel Sanchez, stated that businesses investing in digital adoption will realize great ROI from their digital investments, attract and retain talent, and drive overall productivity.
Expand
Neutral
WalkMe Announces Date of Second Quarter 2023 Financial Results and Conference Call
WalkMe Ltd., a leading provider of digital adoption solutions, announced that it will release its second quarter 2023 financial results before U.S. markets open on Thursday, August 10, 2023. The company will host a conference call and webcast that day to discuss its business and financial performance. An archived version of the webcast will be available on the companys investor relations website approximately one hour after the live call.
Public Trading
growth-positive
Tech Mahindra Partners with WalkMe to Accelerate the Digital Transformation Journey of Enterprises Globally
Tech Mahindra and WalkMe Inc. have announced a partnership to accelerate the digital transformation journey of enterprises globally. The partnership aims to enable global enterprises to measure, drive, and realize the value of software investments and digital transformation strategies through efficient adoption of digital technologies. Tech Mahindras customers will gain visibility into adoption challenges. Digital adoption platforms (DAP) play a critical role in helping digital transformation projects succeed by reducing digital friction and increasing end-user productivity. The partnership is in line with Tech Mahindras DigitALL philosophy for comprehensive Business Transformation.
Partners
growth-positive
Why WalkMe Stock Was Blasting Higher This Week
WalkMe stock experienced a significant increase this week despite the companys underwhelming latest quarter. The company is anticipating continued double-digit revenue growth.
CustomersExpand
Q1 2023 Walkme Ltd Earnings Call
growth-positive
WalkMe to Present at Upcoming Investor Conference
WalkMe Ltd. announced that members of its management team are scheduled to participate in the 18th Annual Needham Technology & Media Conference. The companys cloud-based Digital Adoption Platform helps organizations accelerate their digital transformations and improve user experience, productivity, and efficiency. The presentation will be webcast live on WalkMes investor relations website.
Public Trading
growth-negative
WalkMe (WKME) Reports Q1 Loss, Tops Revenue Estimates
WalkMe reported a quarterly loss of $0.08 per share, beating the Zacks Consensus Estimate. However, the companys shares have lost about 22.5% since the beginning of the year. The article discusses the companys earnings outlook and the impact of industry performance on the stock. WalkMes competitor, Couchbase, Inc., is also mentioned in the article. The date of the event described in the article is not provided.
CustomersInvestment
growth-positive
WalkMe Ltd. Announces First Quarter 2023 Financial Results
WalkMe Ltd. announced its Q1 2023 financial results, reporting a 16% YoY increase in total revenue to $65.9 million and an 18% YoY increase in subscription revenue. The company also reported a GAAP operating loss of $25.8 million, a decrease from $29.6 million in Q1 2022. WalkMe achieved FedRAMP ready status, becoming the first digital adoption platform provider listed on the FedRAMP Marketplace. The company also added seven new Enterprise-Wide DAP customers during the quarter, representing a 34% YoY growth in DAP customer count.
CustomersExpand
Both private equity firms who control a good portion of WalkMe Ltd. (NASDAQ:WKME) along with institutions must be dismayed after last week's 7.4% decrease
CORRECTION: WalkMe Announces Date of First Quarter 2023 Financial Results and Conference Call
growth-positive
WalkMe Unveils the Latest in the Evolution of Digital Adoption Technology With WalkMe Discovery
WalkMe Inc. has announced the availability of WalkMe Discovery, a new digital adoption technology that provides visibility into enterprise software stacks. WalkMe Discovery automatically detects web-based apps, identifies users, and analyzes usage to help companies maximize ROI and cut waste. The lack of visibility into software stacks contributes to wasted investments of up to $16 million annually. WalkMe Discovery offers a unique approach to identifying and analyzing usage, providing a holistic view of the software stack. The product is available for free to companies with a strategic initiative to optimize software investments. WalkMe Inc. is a leading provider of digital adoption solutions.
Customers
growth-positive
WalkMe Announces Date of First Quarter 2023 Financial Results and Conference Call
WalkMe Ltd. will release its first quarter 2023 financial results on May 17, 2023. The company provides digital adoption solutions and its cloud-based Digital Adoption Platform helps organizations accelerate their digital transformations. WalkMes platform improves user experience, productivity, and efficiency for employees and customers. The company will host a conference call and webcast to discuss its business and financial performance. The event will be available for replay on the companys investor relations website. WalkMes contact information for media and investors is provided in the article.
Public Trading
growth-negative
Israeli software co WalkMe lays off 10% of workforce
Tel Aviv-based software company WalkMe has reported layoffs of 112 employees, representing about 10% of its workforce. The companys CEO and co-founder, Dan Adika, stated that the layoffs were necessary to create a leaner and more efficient organization in order to meet current business needs and ensure long-term growth. WalkMe has developed a digital adoption platform (DAP) that simplifies the use of complex enterprise software. The company was floated on Nasdaq at a valuation of $2.6 billion in 2021 but has since lost a substantial proportion of its initial valuation, with a current market cap of $984 million. In 2022, WalkMe recorded revenue of $245 million, a 27% increase from the previous year, but also experienced a net loss.
Layoffs
Investors Still Waiting For A Pull Back In WalkMe Ltd. (NASDAQ:WKME)
WalkMe Achieves FedRAMP® Ready Status
growth-positive
We're Interested To See How WalkMe (NASDAQ:WKME) Uses Its Cash Hoard To Grow
WalkMe, a software company listed on NASDAQ, is attracting investors despite being unprofitable. The company had zero debt and cash worth US$262m as of December 2022, with a cash burn of US$54m over the trailing twelve months, giving it a cash runway of about 4.8 years. However, analysts believe WalkMe will reach cashflow breakeven before then. The companys cash burn increased by 28% year on year, but revenue also increased by 27%. WalkMe has a market capitalisation of US$867m, which is 6.2% of the companys market value.
Investment
WalkMe Ltd. Files Annual Report on Form 20-F
WalkMe Confirms No Material Exposure to Silicon Valley Bank Shutdown
WalkMe to Present at Upcoming Investor Conferences
WalkMe Ltd. Announces Fourth Quarter 2022 Financial Results
growth-positive
WalkMe Ltd. Appoints Hagit Ynon as Chief Financial Officer
WalkMe Ltd., a leading provider of digital adoption solutions, has announced the appointment of Hagit Ynon as Chief Financial Officer. Ms. Ynon has been serving as WalkMe’s interim CFO for the past six months and EVP of Finance & Operations for the three years prior. She has played an integral role in the companys IPO process and has been instrumental in building the finance organization. The company believes her experience will help WalkMe on its path to profitability.
Management Changes
WalkMe (WKME) Reports Q4 Loss, Tops Revenue Estimates
WalkMe Announces Date of Fourth Quarter and Full Year 2022 Financial Results and Conference Call
growth-negative
WalkMe lays off 43 employees, 3% of workforce | CTech
Software company WalkMe is laying off 3% of its workforce, accounting for 43 employees, as part of its strategic focus on enterprise clients. WalkMe went public on Nasdaq at a $2.5 billion valuation in June 2021. The company aims to reduce its cash burn rate and become profitable by 2023. The layoffs are expected to save WalkMe around $6-7 million per year. WalkMes co-founder, Rafael Sweary, will step back from his role as president and serve as a board member and advisor. CEO Dan Adika will continue in his role but will no longer be the chairperson, which will now be held by Michele Bettencourt.
Layoffs
growth-positive
WalkMe Appoints Scott Little as Chief Revenue Officer
WalkMe has appointed Scott Little as Chief Revenue Officer to lead the companys go-to-market optimization and expansion efforts. Littles experience in scaling sales organizations and delivering operational excellence will strengthen WalkMes infrastructure for growth. WalkMe aims to capitalize on the growing demand for its digital adoption platform (DAP) in the $34 billion total addressable market. The companys cloud-based DAP helps organizations accelerate their digital transformations and maximize the value of their software investments. WalkMe plans to expand its reach and bring further value to its customers and industries. The appointment of Scott Little is expected to drive WalkMes success in achieving successful digital transformation outcomes.
Management ChangesExpand
growth-positive
WalkMe Recognized in the First-Ever Forrester New Tech: Digital Adoption Platforms
WalkMe Ltd., a leading provider of Digital Adoption Platforms (DAP), has been recognized in Forresters New Tech: Digital Adoption Platforms report. The report highlights the growth of the DAP category and the significant increase in venture capital investments in the sector. WalkMe, founded in 2011, is included in the late stage vendor maturity segment and the pure-play and product insight platform functionality segment. The company has achieved notable success in the digital adoption space, with users in over 160 countries and a customer base that includes 80% of the Fortune 10. WalkMe holds multiple technology patents and has received numerous industry awards. The recognition by Forrester further solidifies WalkMes position in the market.
InvestmentExpand
growth-positive
WalkMe and Celonis Collaborate to Optimize Business Performance for Customers
WalkMe Ltd., a leading provider of Digital Adoption Platforms (DAP), has announced a strategic partnership with Celonis, the global leader in execution management. The partnership aims to enable joint customers to maximize the impact and return on digital transformation investments. WalkMe and Celonis will collaborate to optimize their respective customers business performance by offering WalkMes leading Digital Adoption Platform combined with the real-time process optimization capabilities of the Celonis Execution Management System (EMS) to accelerate digital transformation. The partnership will help customers identify and prioritize processes that are not being executed to their full potential and either fix them automatically or guide employees to take action.
PartnersCustomers
growth-negative
Fast-growing WalkMe down 59% since IPO
WalkMe, an Israeli technology firm, went public on Nasdaq in June 2021 at a valuation of $2.6 billion. However, since its IPO, the companys stock price has weakened by 59%, resulting in a market cap of $1.14 billion. WalkMe reported revenue growth of 30% in 2021, but it is still not profitable. The companys net loss on a GAAP basis for the fourth quarter of 2021 was $26.5 million. WalkMe had negative cash flow from operations of $34.2 million in 2021. Despite the challenges, WalkMe expects accelerated growth in 2022. Many Israeli technology companies that went public in 2021 have also experienced declines in their stock prices. Insight Partners is the largest shareholder in WalkMe, holding 28.9% of the company.
Public Trading
growth-positive
WalkMe Announces Pricing of Initial Public Offering
WalkMe Ltd. has announced the pricing of its initial public offering (IPO) of 9,250,000 ordinary shares at a price of $31.00 per share. The underwriters have an option to purchase additional shares. The shares are expected to begin trading on the Nasdaq Global Select Market under the ticker symbol WKME. The IPO is expected to close on June 18, 2021. Morgan Stanley, Goldman Sachs & Co. LLC, and Citigroup are acting as lead book-running managers for the offering.
Public Trading
growth-positive
WalkMe plans Nasdaq IPO at $2.5b valuation
Israeli digital adoption SaaS company WalkMe has filed a revised prospectus for an IPO on Nasdaq. The company plans to sell shares at between $29 and $32, raising a total of between $268 million and $296 million. WalkMes valuation after the IPO will be between $2.4 billion and $2.7 billion. WalkMes last financing round in 2019 was completed at a valuation of $1.9 billion. WalkMes revenue in Q1 2021 grew 29.8% from the corresponding quarter of 2020. WalkMes customers include LinkedIn, CitiGroup, Chevron, and AstraZeneca.
Public TradingInvestment
growth-positive
WalkMe Files Registration Statement for Proposed Initial Public Offering
WalkMe Ltd. has filed a registration statement on Form F-1 with the SEC for a proposed initial public offering (IPO) of its ordinary shares. The number of shares and price range have not been determined yet. WalkMe has applied to list its shares on the Nasdaq Global Select Market. Morgan Stanley, Goldman Sachs & Co. LLC, and Citigroup will act as lead book-running managers for the proposed offering. The offering will be made through a prospectus. A registration statement has been filed with the SEC but has not yet become effective.
Public Trading
growth-positive
The information enabler: Israeli startup Zest acquired by WalkMe
WalkMe, a leader in digital adoption, has acquired Israeli startup Zest, which develops cloud-based data retrieval technologies for enterprises. WalkMe plans to integrate Zests AI-powered enterprise search tool into its Workstation product to help eliminate information overload and close workplace silos. The acquisition will bring new levels of functionality and efficiency to WalkMes product suite, making it easier for customers to achieve their digital transformation goals. Zests CEO, Idan Yalovich, will join the WalkMe team to lead the development of Workstation.
Acquisition
growth-positive
WalkMe prepares to go public at a $4 billion valuation
Israeli website navigation company WalkMe Inc. is preparing to go public on Nasdaq. WalkMe has joined forces with Goldman Sachs and Morgan Stanley to lead its IPO. The company aims to raise $500 million at a valuation of $4 billion. WalkMe develops platforms that aid companies in carrying out digital transformations. Its product can be integrated into existing websites without requiring code. WalkMes last financing round was in December 2019, raising $90 million at a valuation of $1.9 billion. The company has over 2,000 clients, including Amazon, Microsoft, and Visa. WalkMe operates on a dual subscription model and employs 850 people globally.
Public TradingInvestment
growth-positive
Microsoft and WalkMe Announce Strategic Partnership to Increase Enterprise Digital Adoption
WalkMe has announced a strategic partnership with Microsoft to enhance the integration and optimization of their product and platform. Through this partnership, enterprise organizations can easily deploy WalkMes Digital Adoption Platform on top of Microsoft Dynamics 365, empowering their employees to utilize the technology efficiently and productively. The partnership aims to increase productivity and efficiency for sales organizations and realize the full potential of Dynamics 365 within their technology stack. WalkMes platform will enable the creation of interactive, on-screen sequences to guide and engage users on Microsoft Dynamics 365. The partnership is growth-positive for WalkMe.
Partners
Here's how this company is tackling the challenges of enterprise tech adoption
growth-positive
Website Usability Company WalkMe Raises $90 Million
Israeli website usability company WalkMe Inc. has raised a $90 million funding round led by Vitruvian Partners with participation from Insight Partners. The funds will be used to grow the team and expand to Latin America. WalkMe adds a layer of on-screen guidance prompts on top of existing websites to help users navigate through web pages. The company has clients such as PayPal, Cisco, and Microsoft. WalkMe has previously acquired three startup companies. WalkMe currently employs over 750 people in the U.S., Israel, and Australia.
InvestmentExpand
growth-positive
PwC Partners With Website Navigation Startup WalkMe
PwC Israel has announced a collaboration with WalkMe Inc. to offer a joint service for organizations undergoing a digital transformation process. WalkMe adds a layer of on-screen navigation guidance prompts on top of existing websites, helping users navigate through web pages. The partnership is expected to have a positive impact on WalkMes growth. The financial details of the agreement were not disclosed. WalkMes clients include Cisco, PayPal, and Microsoft. WalkMe has raised over $217 million in funding to date.
Partners
growth-positive
WalkMe raises $10m more from Singapore's EDBI
WalkMe, an Israeli digital adoption platform software company, has received a $10 million investment from Singapore-based EDBI. This investment is part of WalkMes Series F financing round, which now totals $50 million. The companys valuation is $1 billion, and it has raised a total of $217.5 million to date. WalkMe plans to use the funds to expand its presence in the Asia-Pacific region and Europe. With 660 employees worldwide, WalkMe already has offices in Australia and Japan and aims to continue its growth in these regions.
InvestmentExpand
growth-positive
WalkMe raises $40M at a $1B+ valuation for its on-screen guidance technology
WalkMe, a provider of tools for guiding people in using digital interfaces, has raised $40 million in a Series F funding round led by Insight Venture Partners. The funding brings WalkMes total raised to $207.5 million. The companys valuation is now over $1 billion. WalkMe plans to use the funding to expand into local markets in Europe and Asia Pacific and further develop its platform, which includes machine learning and big data analytics. WalkMe currently has 2,000 customers globally, including Delta, HP, T-Mobile, and Microsoft. The company aims to make its services as unnoticeable as possible, with much of its business being white label. WalkMes recent acquisition of DeepUI, a startup focused on deep learning analytics, demonstrates the companys shift towards developing services that improve the design of digital interfaces.
CustomersInvestmentExpand
growth-positive
Website navigation co WalkMe raises $75m
Israeli website navigation company WalkMe has raised $75 million in a financing round led by Insight Venture Partners. The funding will enable the company to evaluate strategic acquisition opportunities, strengthen its global reach, invest in key talent, and continue to support organizations as they embrace new solutions. WalkMe uses machine learning and deep analytics to transform the user experience and guide users needs. The company has previously acquired Abbi.io and Jaco to enhance its abilities in gaining real-time insights into user behavior. WalkMe has over 500 employees and customers including more than 25 percent of the Fortune 500.
InvestmentAcquisitionExpand
growth-positive
WalkMe acquires visual analytics startup Jaco
Israeli enterprise guidance and engagement startup WalkMe has acquired visual analytics startup Jaco to leverage its real-time insights into consumer behavior. Jacos technology will be integrated into WalkMes Digital Adoption Platform (DAP) to improve the user experience. No financial details about the acquisition were disclosed. WalkMe previously acquired testing and management company abbi.io earlier this year. Jaco raised $1.15 million from Silicon Valley funds Hillsven Capital and UpWest Labs. Jacos team will lead WalkMes Insights and Analytics business in San Francisco.
Acquisition
growth-positive
WalkMe 6th in Deloitte software Fast 500
WalkMe, an Israeli startup, has been named the sixth fastest growing software company in North America by Deloitte. The company, which was also named the 13th fastest growing overall, was previously named the most promising startup of 2016 by Globes. WalkMes growth rate is 8,085%, compared to the fastest growing software companys rate of 14,575%. The companys co-founder and CEO, Dan Adika, attributed the companys success to its employees and its technology, which meets the increasing demand for software that is smart, powerful, and easy to use.
Customers
growth-positive
"Globes" names WalkMe most promising 2016 startup
WalkMe, the enterprise guidance and engagement platform, has been chosen as Israels most promising startup for 2016. The company has raised $92.5 million since its founding and already has 300 employees. WalkMes solution simplifies the user experience for websites and mobile apps, providing step-by-step guidance. The company has over 800 organizations as customers, including Salesforce.com and eBay. WalkMe operates on a software-as-a-service (SaaS) model, selling licenses as subscriptions. The companys annual recurring revenue (ARR) has doubled or tripled in each of the past three years. WalkMe has not yet made a profit and recently raised $50 million to continue its growth. The company has plans for an IPO in the future.
CustomersInvestmentExpand
growth-positive
Website guide developer WalkMe raises $50m
Israeli startup WalkMe raised $50 million in a financing round led by Insight Venture Partners. WalkMe offers a navigation solution for websites, allowing website owners to create user-friendly tools to help users understand the websites structure. The company plans to use the investment to scale its business infrastructure and expand aggressively in 2016 and beyond. WalkMes product has already been installed at large customers such as Kimberly Clark, Stanley Black & Decker, and Adobe. The company currently has 300 employees and has opened two new branches in the US.
Investment
growth-positive
WalkMe Raises Another $25M For Its Platform To Get Around Websites And Software More Easily
WalkMe, a startup that provides a platform to guide people through using websites and software, has raised $25 million in funding. The company plans to use the funds to expand its operations in the U.S. and make acquisitions in areas like analytics. The funding round was led by Greenspring Associates, with participation from existing investors. WalkMe has raised a total of $42.5 million and is valued at under $500 million. The company intends to go public in about two years. WalkMes platform helps businesses create walk-throughs for their services, reducing the need for live customer support. The company has seen success in the enterprise market and is looking to acquire startups in the UX and business intelligence space.
InvestmentExpand
growth-positive
Website guide WalkMe raises $25m
WalkMe, the Enterprise Class Guidance and Engagement Platform, has received $25 million in Series D funding led by new investor Greenspring Associates. The funding will be used to accelerate operational momentum and customer acquisition, as WalkMe aims to change the way people use software and websites. The company has also announced agreements with five new global partners. WalkMe will open a New York office in addition to its headquarters in San Francisco.
InvestmentExpand
growth-positive
WalkMe, A Guidance Platform For Confusing Sites, Raises Another $11M As It Tackles Enterprise
WalkMe has raised $11 million in funding to expand its business and customer base among enterprises. The funding was led by Scale Venture Partners, and WalkMe has raised a total of $17.5 million to date. WalkMe has shifted its focus to enterprise users and has seen a five-fold increase in revenues in the past year. The companys customers include Adobe, Amazon Web Services, Cisco, Citrix, Stanley Black&Decker, US Foods, Bank of Montreal, and Kimberly-Clark. WalkMe plans to offer more personalized assistance in real-time and on demand in the future.
Investment
http://d5capital.com/walkme-named-cool-vendor-by-gartner/
growth-positive
Cool Vendors in CRM Customer Service and Social, 2013
The article discusses the Cool Vendors in CRM Customer Service and Social, which provide innovative approaches, tools, and technologies for creating positive customer service experiences. These vendors capture customer feedback in traditional and social channels. The article is published by Gartner.
Customers
WalkMe Team
Employee Info
| Employees (range) | 500+ |
| Exact count | 1157 |
| Team members | 5 |
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WalkMe Internal
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Admin Info
| Confidence | 100/100 |
| Missing | markets |
| BI Verification | Natalia Golczar |
| Registrar ID | 514682269 |
| Crunchbase | walkme |
| Phone | +972722657910 |
| Creator | Natalia Golczar |
| Creator email | ngolczar@gmail.com |
| Last updater | Dana Arnon |
| Updater email | dana.arnon@mail.huji.ac.il |
| Last update | 2024-01-04T00:00:00.000Z |
| Created | 2013-07-04T00:00:00.000Z |
| Claimed | Yes |
| Status detail | Acquired by SAP on Jun, 2024 |