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Asana, Inc. (ASAN) is a leading provider of collaborative work management software designed to help teams coordinate and manage their work from start to finish. Founded by Dustin Moskovitz and Justin Rosenstein, who initially developed the tool for internal use at Facebook, Asana has grown into a global enterprise with offices in San Francisco, New York City, and Dublin.
Asana's core product is a cloud-based SaaS platform that enables seamless project management, task tracking, and team collaboration. The tool offers a range of features including task and project management, team communication, real-time project visibility, and automation capabilities. This allows organizations to streamline their workflows, improve efficiency, and achieve better results.
The company offers a freemium model, providing free access for teams of up to 15 members with unlimited projects and tasks. For larger teams and more advanced features, Asana offers subscription plans that generate revenue on a per seat basis.
Asana is supported by major investors such as Benchmark Capital, Andreessen Horowitz, Founders Fund, and Peter Thiel. The company continues to expand its capabilities and improve its offerings, making it a valuable tool for businesses of all sizes across various industries. Recent achievements include enhanced reporting and automation features, which significantly boost productivity and project management efficiency.
The platform is accessible via web and mobile apps available on Asana's website, iTunes, and Google Play. Asana's scalable and dynamic tools have made it an essential part of workflow management for marketing programs, IT approvals, performance management, and more.
Asana (NYSE: ASAN, LTSE: ASAN) has scheduled the release of its third quarter fiscal year 2025 financial results for Thursday, December 5, 2024, after U.S. markets close. The company will host a webcast at 1:30 p.m. Pacific time (4:30 p.m. Eastern time) on the same day to discuss the results. Investors can access the live webcast and replay through the Asana Investor Relations website.
Asana (NYSE:ASAN, LTSE:ASAN) has appointed Josh Abdulla as Head of Customer Experience, reporting to Chief Revenue Officer Ed McDonnell. Abdulla, with over 23 years of experience in customer-facing roles, will oversee Asana's customer success, professional services, and support teams. Previously, as Chief Customer Officer at LiveRamp, he led the Global Services organization, significantly reducing churn.
In his new role, Abdulla will focus on driving adoption and maximizing value for Asana's 150,000+ customers. He aims to enhance customer experiences through shared insights, streamlined communications, and support, with the goal of achieving faster time to value for each customer. This appointment underscores Asana's commitment to expanding its enterprise footprint and enabling customers to run their entire business on the platform.
Asana (NYSE: ASAN) has been named a Leader in the 2024 Gartner® Magic Quadrant™ for Adaptive Project Management and Reporting (APMR). The company was recognized for its Ability to Execute and Completeness of Vision among 13 evaluated vendors. Asana's AI-powered work management platform offers:
- Scalable and adaptable capabilities
- Easy management of complex projects
- Effective resource allocation
- Workflow automation
- Process standardization
- Real-time visibility into work progress
Customer feedback highlights Asana's flexibility, scalability, and ability to consolidate project management data across organizations.
Haymaker Group, an award-winning PR firm, is expanding into San Francisco and Silicon Valley markets after a decade of success in connecting press with tech innovators and investors. The firm has hired Emilie Grace Cole as Vice President to lead the SF office, bringing her expertise from roles at Asana (NYSE: ASAN) and Public.com. This expansion coincides with Haymaker's 10th anniversary and the upcoming Media Summit | NYC conference.
Founded in 2014 by former Forbes reporter J.J. Colao, Haymaker has built a reputation for hosting impactful events connecting tech executives with key media figures. The firm's approach has earned numerous accolades and client praise. With this expansion, Haymaker aims to deepen its commitment to the innovation economy and further its mission of 'PR done right' in the world's most dynamic market for innovation.
Asana (NYSE: ASAN) has appointed Sonalee Parekh as its new Chief Financial Officer, effective September 11, 2024. Parekh, with over 25 years of experience in technology and banking, will succeed Tim Wan, who has served since 2017. Parekh's previous roles include CFO at RingCentral and Divisional CFO at Hewlett Packard Enterprise. At Asana, she will oversee the global finance organization and support the company's growth phase, particularly focusing on AI's potential in work management.
During her tenure at RingCentral, Parekh guided the company to double its operating profit while maintaining double-digit revenue growth and exceeding $2 billion in annual recurring revenue. At HPE, she led the transition to an as-a-service business model and managed key acquisitions in high-growth areas.
Asana, Inc. (NYSE: ASAN)(LTSE: ASAN) has announced the appointment of Sonalee Parekh as its new Chief Financial Officer, effective September 11, 2024. Parekh, with over 25 years of experience in technology and banking, will succeed Tim Wan, who has served since 2017. Parekh's background includes executive roles at RingCentral and Hewlett Packard Enterprise.
At Asana, Parekh will oversee the global finance organization and support the company's growth and innovation. CEO Dustin Moskovitz highlighted Parekh's experience in driving growth and profitability at scale, particularly in the context of AI's potential to reshape the work management category and software industry.
During her tenure at RingCentral, Parekh guided the company to double its operating profit while maintaining double-digit revenue growth and exceeding $2 billion in annual recurring revenue. At HPE, she led the transition to an as-a-service business model and key acquisitions in high-growth areas.
Asana (NYSE: ASAN) reported its Q2 fiscal 2025 results, showing 10% year-over-year revenue growth to $179.2 million. The company saw 17% growth in customers spending over $100,000 annually, reaching 649 customers. Asana achieved $15.9 million in operating cash flow and $12.8 million in free cash flow. However, the company still reported a GAAP net loss of $72.2 million, or $0.31 per share. Asana launched new AI features, including AI teammates, and was recognized in workplace awards. For Q3 fiscal 2025, Asana expects revenues between $180.0-$181.0 million and a non-GAAP operating loss of $19.0-$18.0 million.
Asana (NYSE: ASAN) (LTSE: ASAN), the leading AI work management platform, has announced its commitment to pursuing FedRAMP authorization. This move aims to serve the complex needs of enterprises in regulated industries such as healthcare, financial services, and government agencies. FedRAMP requires compliance with comprehensive security controls to protect sensitive data.
Achieving FedRAMP authorization will position Asana as a leader in collaborative work management, offering robust security and compliance standards along with enhanced customization and controls. This initiative builds on Asana's existing security features, including user access controls, permissioning, and global compliance certifications.
The commitment to FedRAMP is part of Asana's multi-year journey to enhance security, transparency, and trust, enabling organizations to meet strict compliance standards while operating in complex work environments.
Asana (NYSE: ASAN) has released its fiscal year 2024 Environmental, Social, and Governance (ESG) report, showcasing progress in workplace culture, product vision, and responsible business practices. Key highlights include:
- 100% renewable electricity across global operations and carbon neutral status
- New York City office received LEED certification, joining LEED Gold San Francisco HQ and LEED Platinum Dublin office
- Named among Inc. magazine's Best Places to Work 2023 for the sixth consecutive year
- Launched Asana Intelligence with AI-powered features
- Introduced the Work Innovation Score, an AI-driven benchmark
The report details Asana's ESG strategy across People, Planet, and Product, built on a foundation of Trust. Asana has also launched an AI ESG chatbot to enhance stakeholder engagement with their ESG strategy and disclosures.
Asana (NYSE: ASAN; LTSE: ASAN), a leading work management platform, announced it will release its second quarter fiscal year 2025 financial results on Tuesday, September 3, 2024. The financial results will be available after the close of U.S. markets.
The company will also host a webcast at 1:30 p.m. Pacific time (4:30 p.m. Eastern time) on the same day to discuss the results. Both the live webcast and a replay will be accessible on the Asana Investor Relations website at https://investors.asana.com.
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