Pendo Adds to C-Suite and Announces Strong First Half of 2023 Driven by International Growth, AI Roadmap, and Momentum Within Traditional Industries
RALEIGH, N.C., Sept. 20, 2023 /PRNewswire/ -- Pendo, the all-in-one product experience platform, today announced highlights from its first two fiscal quarters ending July 31, 2023. Key highlights include onboarding over 35 additional six-figure customers, launching an exciting new AI product roadmap, and appointing three new C-suite executives. Will May has joined the company as chief revenue officer; and JR Rettig and Jason McKerr were promoted to chief people officer and senior vice president of engineering, respectively. More than 10,000 companies now use Pendo to provide better software experiences to over 700 million people every month.
Today's announcement comes on the heels of the July 2023 launch of Pendo AI, an ever-growing collection of AI-powered products and features that enable customers to accelerate product discovery, drive product-led growth, and automate personalized in-app experiences at scale.
"We've sped up the pace of innovation at Pendo and it's paying off in a compelling AI roadmap, and a record number of new products and features shipping in time for Pendomonium," said Todd Olson, CEO and co-founder of Pendo. "Our strong start to this fiscal year is promising and with a new revenue leader and our flagship event on track to be our biggest and best yet, we are well positioned to carry this momentum forward."
Highlights of H1 FY24 include:
Revenue and customer growth: Pendo's strong start to the year was driven by accelerated international momentum, existing customer expansion, and free-to-paid conversions. With the addition of meaningful six-figure customers, Pendo now has 425 customers with an annual contract value over $100,000.
New North American customers include Vimeo, U.S. News and World Report, Facilisgroup, Connect for Health Colorado, TimelyCare, Ivanti, and Transflo. New EMEA customers include Euromonitor International, CARMA, Newcross Healthcare Solutions, Mangopay, and Flock. And in APAC, new customers include Nearmap, AI Inside Inc., and Kanazawa Institute of Technology.
Customers that expanded their relationships with Pendo in the first half of 2023 include Abrigo, Atlassian, Grubhub, Quickbase, StarRez, and Simpro Group.
Product: In the first half of the fiscal year, Pendo announced numerous new products, features and capabilities, including:
Global: A new datacenter in Japan now enables local customers to store data in the country. Also in Japan, the second-annual Digital Adoption Forum drew hundreds of attendees for talks by industry experts and Pendo customers. In Australia, Pendo launched its partnership with Product Rocket, a product management and UX design consultancy.
Corporate: C-suite additions include:
Awards: Pendo earned spots on the Inc. Best Workplaces and Forbes Cloud 100 lists for the sixth year in a row. The company was also named among the Inc. 5000 for the fifth time, and was awarded a Best Software Product for 2023 by G2. Jennifer Shevach – Pendo's senior director of engineering – earned a Next Tech Award, gaining recognition as one of North Carolina's rising tech stars.
View original content:https://www.prnewswire.com/news-releases/pendo-adds-to-c-suite-and-announces-strong-first-half-of-2023-driven-by-international-growth-ai-roadmap-and-momentum-within-traditional-industries-301932775.html
Finding the Balance with AI for Better Employee Engagement
Securing the Hybrid Workforce
Press Room Open for Registered Media, Analysts, Speakers, Exhibitors - Sponsored by Parallel Communications